Phillips’ Modern & Contemporary Art Fall Auctions In Hong Kong Realises HK$222 Million/ US$29 Million

Published on
November 26, 2024
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Sale Total: HK$50,919,380/ US$ 6,543,140 Lots Sold: 80 | Lots Offered: 103 Sold by Lot: 78% | Sold by Value: 86%

Lihua Tung, Head of Department, Hong Kong, Modern & Contemporary Art, said: " Building on the success of Yoshitomo Nara’s works in yesterday’s Evening Sale, today’s Day Sale was led by the artist’s Untitled, which fetched over HK$4.3million/ US$554,863. The sale results also showcased the strength of Modern art collections with important provenance. Several pieces achieved remarkable prices, notably a selection of ink on paper works by Sanyu from the Collection of Doris & Gilles Habart, inherited from Michel Habart in France, which realised over HK$1.76 million/US$226,841, with all works selling above their high estimates. Works from the collection of Zao Wou-Ki’s daughter, Sin-May Roy Zao, also saw spirited bidding. 27.6.70 sold for over HK$4million/US$522,224, making it the second top lot of the sale, and Untitled sold for over HK$1.14 million/US$146,876, more than double its pre-sale high estimate. This auction offered a variety of Chinese Modern & Contemporary artworks from different periods, and we were thrilled to see pieces by artists such as Chen Yifei, Wang Guangle, Li Jin, and Xue Song achieving solid prices. Following anew auction record set for rising Chinese artist Li Hei Di in the Evening Sale, today’s Day Sale saw another record set for up-and-coming Chinese artist Xiyao Wang.”

(Press Release)