Yuki Terase was appointed Head of Contemporary Art, Asia in January 2018. Based in Hong Kong, she leads Sotheby’s auction and private sales of Chinese, Japanese, Korean, and Western Contemporary art in Asia. She also plays an instrumental role in the company’s business development efforts in Japan.
In 2018 under her new leadership, Sotheby's has achieved its highest total for Contemporary Art sales in the history of its Asian operation, achieved nearly 60% market share and significantly diversified and expanded its Contemporary Art offering to reflect the growing clientele in the region.
Since joining Sotheby’s in 2011, Ms. Terase has been instrumental in introducing Japanese Contemporary art to Asia, cementing Sotheby’s position as a category leader in the region. She has spearheaded a number of curatorial white-glove sales and her innovative curatorial approach to auction is best remembered for the phenomenal success of the dual sales with street fashion master NIGO®, as well as of #TTTOP in October 2016. Conceived by Ms. Terase and guest-curated by Asian pop icon and collector T.O.P, the sale achieved US$17.4 million, greatly exceeding its pre-sale estimate and generating strong interest from not only traditional and social media worldwide, but also from the emerging young collecting community.
Under the guidance of Ms. Terase, Sotheby’s Japanese clients had a significant impact on the global auction market, best illustrated in the New York sale of Jean-Michel Basquiat’s Untitled in May 2017, which sold to Japanese collector Yusaku Maezawa for a record-breaking price of US$110.5 million.
Prior to joining Sotheby’s, Ms. Terase worked for Morgan Stanley as a member of its Mergers and Acquisition advisory team in Tokyo.