Press Release

Sotheby’s Hong Kong Contemporary Art Spring Sales Total HK$734 Million / US$94.6 Million

By Sotheby's
- Highest Valued Contemporary Art Evening Sale Ever Staged at Sotheby’s Asia -
- International Vision Drives Stellar Results Across Western and Asian Art -
- Exceptional Sell-Through Rates -

David Hockney’s 30 Sunflowers Leads Western Offerings

Sells for HK$114.8 Million / US$14.8 Million
*Second Highest Price for Any Western Art Sold at Auction in Asia*
*Seventh Highest Price for Hockney Globally, Signaling New Heights for Asia as Global Platform for Contemporary Art*

Robust Results for Asian Contemporary Art

Liu Ye’s Leave Me in the Dark Achieves HK$45.4 Million / US$5.8 Million
Achieving Second Highest Auction Record for Liu Ye
Following World Record also achieved by Sotheby’s last October

Hao Liang’s Poison Buddha 2 Achieves HK$16 Million / US$2 Million
Sotheby’s now holds the Top Two Auction Records for the Artist

Japanese Highlights at Evening Sale 100% Sold

Artist Auction Records Established for Hao Liang, Firenze Lai and MR.

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Contemporary Art Evening Sale
Sale Total: HK$595,186,500 / US$76,761,203 (94% sold)

Contemporary Art Day Sale
Sale Total: HK$138,462,500 / US$17,857,509 (86% sold)

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LEADING THE MARKET FOR WESTERN CONTEMPORARY IN ASIA

· David Hockney’s 30 Sunflowers soars to HK$114,827,000 / US$14,809,238 as the second highest price for any Western artwork sold at Auction in Asia, cementing Sotheby’s leadership with all top 3 prices

· Clyfford Still debuts at auction in Asia with PH-306, achieving HK$64,141,500 / US$8,272,329

· Albert Oehlen’s Die Pfeifenden von (The Whistlers of) achieves HK$20,935,000 / US$2,699,987

· Günther Förg’s Untitled achieves HK$5,095,000 / US$657,102

ROBUST RESULTS FOR CHINESE CONTEMPORARY ART

· All 3 lots of Liu Ye’s works across Evening and Day Sales sold, far exceeding pre-sale high estimates

· Leave Me in the Dark achieves HK$45,348,000 / US$5,848,532, the second highest price for the artist at auction following top record set at Sotheby’s Hong Kong in October 2019

· New artist auction record set for Hao Liang, with Poison Buddha 2 achieving HK$16,975,000 / US$2,189,266

· Yue Minjun’s Goldfish, from the esteemed Moutarderie Nationale: The Gillion Crowet Collection, sold for HK$7,615,000 / US$982,107, almost four times the estimate

· Hong Kong artist Firenze Lai debuts at auction with Happily Ever After, setting a new auction record for the artist at HK$2,625,000 / US$338,546

JAPANESE HIGHLIGHTS AT EVENING SALE 100% SOLD

· Led by Yoshitomo Nara’s Three Stars, which sold for HK$28,975,000 / US$3,736,906

· Kazuo Shiraga’s Chitaisei Honkōshin achieves HK$26,575,000 / US$3,427,378

· Yayoi Kusama’s Pumpkin Army sold for HK$25,615,000 / US$3,303,567, more than twice the estimate

“THE ART OF LIFE: PROPERTY FROM A DISTINGUISHED ASIAN PRIVATE COLLECTOR AND IMPORTANT PATRON OF THE ARTS”

· Led by François-Xavier Lalanne’s Gorille de Sûreté I, which sold for HK$18,415,000 / US$2,374,983, more than three times the estimate and breaking the series record set previously at Sotheby’s Paris

· Claude Lalanne’s Lantern with Butterflies achieves HK$5,935,000 / US$765,793, more than four times the estimate

· All 7 works by François-Xavier Lalanne and Claude Lalanne sold for a combined HK$32,475,000/ US$4,189,146, almost four times the combined estimates, demonstrating strong interest from the region

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