The first half of the year saw Contemporary art auctions at Sotheby’s Hong Kong realise an impressive HK$502 million /US$ 64.4 million. These auctions attracted global participation from close to 20 countries with Asia in particular demonstrating its purchasing power.
The April sales witnessed the debut of Western contemporary art in Sotheby’s Hong Kong’s Evening Sale. The headline lot, Andy Warhol’s Mao, sold for HK$ 98.5 million / US$ 12.6 million – the highest auction price ever paid for a work of Western art in Asia. The Day Sales performed superbly, achieving overall results 28% above the high estimate and a sell-through rate of 91%, while the two specially curated auctions both achieved 100% sold, white-glove status and set new auction records for four artists. The upcoming October Day Sale will include Western Contemporary works for the first time.
Sotheby’s extensive international client network and unrivalled expertise consistently deliver market leading results through our wide-reaching selling platform. We invite you to share our success by consigning with us this Fall in Hong Kong.
Upcoming Sales in Hong Kong:
Contemporary Art October 2017
Boundless: Contemporary Art December 2017
Head of Contemporary Art, Asia
+852 2822 8134
Isaure de Viel Castel
+852 2822 8101
Invitation to Consign—Autumn Sales
Andy Warhol and Chairman Mao
Adrian Ghenie’s Self-Portrait in 1945
Yamaguchi Takeo: Composing Monochrome