Sunday, December 06, 2020

Sensational Combined Sell-Through Rate of 97%

Sensational Combined Sell-Through Rate of 97% Over Half of Lots Offered Sold Above High Estimates Scores of International Artists Records Shattered in Hong Kong Close to 500,000 Global Viewers Tuned in Live

Sensational Combined Sell-Through Rate of 97%.

On 2 December 2020, Christie’s Hong Kong held three evening sales - Modern and Contemporary Art, Sanyu: Goldfish, and the first leg of the 20th Century: Hong Kong to New York sale. The sales realised a combined total of HK$1,419,235,000 / US$183,951,985. 

Jacky Ho, Head of Evening Sale commented, “This evening represents a landmark moment both for Christie’s Asia as well as the art world, having achieved our highest ever Evening Sale total in Asia by a significant margin, and broken numerous world auction records for Modern and Contemporary artists globally. 

With the 20th Century: Hong Kong to New York relay-style auction, we once again demonstrated our capacity for close global collaboration and our leadership in employing cutting edge technology, to bring the very best of Modern and Contemporary art to collectors around the world.” 

NEW WORLD AUCTION RECORD FOR ZHANG XIAOGANG

NEW WORLD AUCTION RECORD FOR ZHANG XIAOGANG

An extraordinary moment of the evening was the setting of a new record for Zhang Xiaogang with Bloodline: Big Family No. 2 realising HK$98,035,000 / US$12,706,657, a new price benchmark for Chinese Contemporary Art. 

NEW AUCTION RECORD FOR A PAINTING OF ANIMALS BY SANYU RECORDS SET FOR THE ARTIST ACROSS THREE CONSECUTIVE SEASONS 

NEW AUCTION RECORD FOR A PAINTING OF ANIMALS BY SANYU

Goldfish (left) realised HK$170,170,000 / US$22,056,326, establishing a record for a painting depicting an animal subject by the artist. This follows the world auction record for the artist set by Five Nudes and also the record for any still life painting set by White Chrysanthemum in a Blue and White Jardiniere in November 2019 and July 2020 respectively. Another highlight of the evening was Pink Chrysanthemums in a Basket (right), which achieved a strong price of HK$138,110,000 / US$17,900,917, continuing to demonstrate Christie’s market leadership and unparalleled expertise in offering the greatest works by Sanyu at auction. 

STRONG SHOWING FOR MODERN MASTERS 

STRONG SHOWING FOR MODERN MASTERS

Works by Modern artists formed a key component of the sales, achieving a combined total above their high estimates. In addition to the exceptional performance of Sanyu works on offer, other highlights of the evening were Nu sur un lit, avec un chien (Reclining Nude with A Small Dog) by Leonard Tsuguharu Foujita (left), which achieved HK$37,450,000 / US$4,854,025, almost four times over its pre-sale low estimate, and Manners of the Hometown of Lu Xun by Wu Guanzhong (right), which realised HK$21,850,000 / US$2,832,055, and Tiangge (Market Scene) by Vicente Silva Manansala, which set a new auction record for the artist. 

POST-WAR ABSTRACT SALE TOTAL FOR CATEGORY: HK$371,747,500 / US$48,183,387 

POST-WAR ABSTRACT SALE

A further backbone of the sales was the exceptionally strong offering of leading post-war abstract works by international masters. 15.01.82 – Triptyque by Zao Wou-ki achieved HK$94,600,000 / US$12,261,435 and La Forêt Blanche I (The White Forest I) by Chu Teh-Chun, realised HK$42,250,000 / US$5,476,169. Abstract highlights from the Hong Kong to New York relay sale were Chigakusei Tekkyoshi by Kazuo Shiraga, which sold for HK$23,050,000 / US$2,987,591, and Souvenir de la maison d’Autriche (Remembering the House of Austria) by Georges Mathieu, which achieved a new auction record for the artist at HK$17,290,000 / US$2,241,017. 

WESTERN ART WORKS 100% SOLD NEW RECORDS FOR NICOLAS PARTY, DANA SCHUTZ, AND GEORGES MATHIEU INCLUDING A DAZZLING ASIA AUCTION DEBUT FOR AMOAKO BOAFO 

WESTERN ART WORKS 100% SOLD NEW RECORDS

All Western artworks offered across the sales were sold, with the sale total exceeding pre-sale high estimates. Leading the group was the magnificent Elevator by Dana Schutz (middle), which realised HK$50,050,000 / US$6,487,154. The superb work Still Life by Nicolas Party (right) achieved HK$10,450,000 / US$1,354,461, and the sensational Baba Diop by Amoako Boafo (left) realised HK$8,890,000 / US$1,152,264. Other highlights by leading contemporary artists such as Eddie Martinez, Cecily Brown, Shara Hughes, and Mary Corse also performed exceptionally well. 

NEW RECORD FOR VICENTE SILVA MANANSALA SOUTHEAST ASIAN WORKS 100% SOLD 

NEW RECORD FOR VICENTE SILVA MANANSALA

The selection of artworks by Southeast Asian artists performed very strongly, with the section exceeding its pre-sale high estimate. Leading the group of works by Southeast Asian artists was Tiangge (Market Scene) by Vicente Silva Manansala, which realised HK$7,450,000 / US$965,620 and set a new auction record.