Press Release

Sotheby’s Hong Kong Modern & Contemporary Southeast Asian Art Spring Sales Total HK$85 Million / US$11 Million

By Sotheby's

This season at Sotheby’s Hong Kong, Modern & Contemporary Southeast Asian Art Spring Sales achieved a total of HK$85,230,625 / US$10,994,697, led by Adrien Jean Le Mayeur de Merpès’ Balinese Women in the Garden. Works by Vietnamese artists were 90% sold across Evening and Day sales, with notable prices achieved for a number of artists including Mai Trung Thu and Le Pho.

The outstanding results from our two-day sale, with strong prices for works by both established artists and emerging names from the region, are testament to the market’s maturing demand and appreciation for the diversity of Southeast Asian art. We were especially pleased to see the extraordinary performance of works by Vietnamese artists, a market that we have been leading and cultivating for years as it continues to grow from strength to strength, as well as the strong results for prominent female artists in the region, who are increasingly coming under the spotlight on the global art scene.
Kim Chuan Mok, Sotheby’s Head of Southeast Asian Art

THREE RARE WORKS BY ADRIEN JEAN LE MAYEUR DE MERPRÈS ALL SOLD

BALINESE WOMEN IN THE GARDEN
Achieves HK$7,375,000 / US$951,596
- Top Lot of the Sales -

WORKS BY VIETNAMESE ARTISTS REACH NEW HEIGHT

*VIETNAMESE WORKS 90% SOLD*

*THREE NEW AUCTION RECORDS*

Mai Trung Thu’s Grand-Mère (Grandmother)
Fetches HK$4,250,000 / US$548,378
- New Artist Record -

Tran Van Ha’s Artist Record Set Twice in One Day
Stags and Does in a Mountain Landscape Achieves HK$687,500 / US$88,667
Only to be Surpassed by Trung Sisters that Sold for HK$1,125,000 / US$145,091

Nguyen Nam Son’s Nude
Achieves HK$1,375,000 / US$177,334
- Oil on Canvas Work Record for the Artist -

*WORKS SOLD FOR PRICES IN MULTIPLES OF THEIR PRE-SALE ESTIMATES*

Pham Hau’s Deer in A Forest
Sells for HK$4,495,000 / US$579,990
- 3 Times its High Estimate -
- Second Highest Price for the Artist at Auction -

Mai Trung Thu’s Iris
Achieves HK$2,125,000 / US$274,060
- 8 Times its High Estimate -

Le Pho’s Jouseuses Des Cartes (Card Players)
Reaches HK$2,125,000 / US$274,060
- 6 Times its High Estimate -

NEW ARTIST AUCTION RECORD FOR

Srihadi Sudarsono’s Dalam Meditasi Bedhoyo Ketawang (State of Meditation – Bedhoyo Ketawang)
Achieves HK$3,500,000 / US$451,605

EXTRAORDINARY GROWTH FOR FEMALE ARTISTS

Christine Ay Tjoe’s The Flying Balloon
Reaches HK$5,935,000 / US$765,793

Georgette Chen’s Femme Nue (Nude)
Achieves HK$1,625,000 / US$209,674
- Over 5 Times its High Estimate -

SPIRITED BIDDING VIA PHONE AND ONLINE

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· Southeast Asian Art Evening Sale Total: HK$41,722,500 / US$5,383,454
· Southeast Asian Art Day Sale Total: HK$43,508,125 / US$5,611,243

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