Sotheby’s Hong Kong Autumn 2016 Modern & Contemporary Asian Art Evening Sale Achieves US$65 Million

Sotheby’s 2nd October 2016 Modern & Contemporary Evening Sale in Hong Kong was a great success. Despite global economic instability, the art market continues to perform. Strong bids for works by luminaries of modern and contemporary Asian art realised a total of HK$509 million/ US$65 million.

The top lot of the sale – Zao Wou-Ki’s Paysage dans la Lune, a stunning 1954 abstract painting evoking a moonlit landscape – was sold for HK$46.7 million/ US$6 million. Other remarkable results include Zeng Fanzhi’s Society No. 3, Yoshitomo Nara’s monumental The Little Ambassador and Affandi’s Borobudur and the Sun.

As the Chinese art market continues to grow in strength globally, let us highlight a few of these remarkable results achieved by some of the most prominent Chinese artists, not in order of pricing.

 

1. Zao Wou-ki: ‘Paysage Dans LA Lune’
Estimate: HKD 40,000,000 – 60,000,000
Sold for: HKD 46,680,000

Paysage Dans LA Lune

2. Zao Wou-ki: ‘Ailleurs’
Estimate: HKD 25,000,000 – 35,000,000
Sold for: HKD 37,720,000

‘Ailleurs’

3. Zao Wou-ki: ‘20.12.85
Estimate: HKD 12,000,000 – 20,000,000
Sold for: HKD 17,480,000

‘20.12.85′

4. Sanyu: ‘NU’
Estimate: HKD 2,800,000 – 5,000,000
Sold for: HKD 6,080,000

‘NU’

 

5. Wu Dayu: ‘Untitled 12’
Estimate: HKD 5,000,000 – 8,000,000
Sold for: HKD 10,880,000

‘Untitled 12’

6. Chu Teh-chun: ‘1977.9.27’
Estimate: HKD 3,000,000 – 4,000,000
Sold for: HKD 3,680,000

Chu Teh-chun: ‘1977.9.27’

7. Wu Guanzhong ‘The Hometown of Lu Xun’
Estimate: HKD 30,000,000 – 50,000,000
Sold for: HKD 39,960,000

‘The Hometown of Lu Xun’

8. Wang Huaiqing: ‘Six Tables’
Estimate: HKD 5,000,000 – 7,000,000
Sold for: HKD 9,440,000

‘Six Tables’

9. Wang Yidong: ‘The Bride’
Estimate: HKD 4,000,000 – 6,000,000
Sold for: HKD 5,120,000

‘The Bride’

10. Shiy De-jinn: ‘Young Girl’
Estimate: HKD 1,200,000 – 2,000,000
Sold for: HKD 5,480,000

‘Young Girl’

11. Liu Ye: ‘Killing Me Softly’
Estimate: HKD 3,000,000 – 5,000,000
Sold for: HKD 5,120,000

‘Killing Me Softly’

12. Liu Wei: ‘Revolutionary Family Series’
Estimate: HKS 10,000,000 – 15,000,000
Sold for: HKD 11,480,000

‘Revolutionary Family Series’

13. Liu Wei: ‘No Smoking’
Estimate: HKD 9,000,000 – 12,000,000
Sold for: HKD 9,680,000

‘No Smoking’

14. Liu Xiaodong: ‘Showered in Sunlight’
Estimate: HKD 15,000,000 – 20,000,000
Sold for: HKD 18,080,000

‘Showered in Sunlight’

15. Zeng Fanzhi: ‘Society no. 3’
Estimate: HKD 12,000,000 – 18,000,000
Sold for: HKD 21,680,000

‘Society no. 3’

16. Zeng Fanzhi: ‘Landscape’
Estimate: HKD 8,500,000 – 15,000,000
Sold for: HKD 10,880,000

‘Landscape’

17. Zhang Xiaogang: ‘Sisters & Brothers’
Estimate: HKD 10,000,000 – 15,000,000
Sold for: HKD 12,080,000

‘Sisters & Brothers’

18. Yue Minjun: ‘Immortal Cranes’
Estimate: HKD 6,000,000 – 8,000,000
Sold for: HKD 14,480,000

‘Immortal Cranes’

19. Ai Weiwei: ‘Dropping a Han Dynasty Urn’
Estimate: HKD 1,600,000 – 2,500,000
Sold for: HKD 4,880,000

‘Dropping a Han Dynasty Urn’

20. Yang Fudong: ‘The First Intellectual’
Estimate: HKD 400,000 – 600,000
Sold for: HKD 1,062,000

‘The First Intellectual’

21. Ju Ming: ‘Rooster & Hen’
Estimate: HKD 700,000 – 900,000
Sold for: HKD 1,812,500

‘Rooster & Hen’

22. Zhang Enli: ‘Old Man & Bird’
Estimate: HKD 2,000,000 – 3,000,000
Sold for: HKD 2,480,000

‘Old Man & Bird’

 

-information from Sotheby’s