Fine Art
8 min read

The Top 9 Lots from Phillips’ HK$296 Million/US$38 Million Hong Kong Modern & Contemporary Art Spring Sales

Published on
June 1, 2024
Sharon Obuobi
Editor in Chief
Akosua Kissiedu
Business Intelligence Editor
Hai Ngan Bui
Business Intelligence Writer
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Hong Kong - Phillips presented its Modern & Contemporary Art Day Sale which continued on the momentum from the previous night's Evening Sale, and concluded the season’s Modern & Contemporary Art Sales. The 107 lot sale had a 91% sell through rate by lot and a 97% sell-through rate by value with a mix Asian Modern & Contemporary masters and Western contemporary artists.

Here are the top 9 lots by sale price:

Left: Zao Wou-Ki, 25.11.81, 1981, HK$ 7,000,000 - 10,000,000, (US$ 897,000-1,280,000), HK$11,945,000 (US$1,527,766)
Middle: Yoshitomo Nara, No Reason Why, 1995, HK$ 4,000,000 - 6,000,000 (US$ 513,000-769,000), HK$4,826,000 (US$617,245)
Right: Yayoi Kusama, Pumpkin, 1982, HK$ 3,200,000 - 4,200,000 (US$ 410,000-538,000), HK$4,699,000 (US$601,002)

Left: Yoshitomo Nara, O.T (N.G), 1993, HK$ 2,500,000 - 3,500,000 (US$ 321,000-449,000), HK$3,810,000 (US$487,299)
Middle: Yayoi Kusama, Pumpkin, 2001, HK$ 3,000,000 - 4,000,000 (US$ 385,000-513,000), HK$3,556,000 (US$454,812)
Right: Park Seo-Bo, Ecriture No. 110507, 2011, HK$ 1,800,000 - 2,800,000 (US$ 231,000-359,000), HK$3,429,000 (US$438,569)

Left: Andy Warhol. Dollar Sign, HK$ 2,800,000 - 3,800,000, (US$ 359,000-487,000), HK$3,048,000, (US$389,839)
Middle: Ayako Rokkaku, Untitled ARP19-016, HK$ 2,000,000 - 3,000,000 (US$ 256,000-385,000), HK$2,921,000 (US$373,596)
Right: Derek Fordjour, One Up Two Down, HK$ 2,000,000 - 3,000,000 (US$ 256,000-385,000), HK$2,540,000 (US$324,866)

Zao Wou-Ki’s 25.11.81 which has remained in the same private collection for four decades soared to 1.7 times its pre-sale estimate at HK$12 million/US$1.5 million, showing Phillips’ strength in having fresh work in our carefully sourced sales. Works by Yoshitomo Nara and Yayoi Kusama continued to be highly sought-after, with their iconic paintings featured in the Day Sale which all sold above their pre-sale estimates.

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