Press Release

Sotheby's Modern Art Spring Sales Total HK$883 Million / US$114 Million

By Sotheby's
- SECOND HIGHEST SERIES TOTAL FOR THE CATEGORY EVER ACHIEVED AT SOTHEBY’S HONG KONG -

SANYU TAKES TOP LOT

Four-Way Ten-Minute Bidding Battle Takes Sanyu’s Quatre Nus To HK$258m / US$33.3m

FIRST WORK BY CHU TEH-CHUN TO CROSS HK$100M MARK, SETS NEW WORLD AUCTION RECORD FOR THE ARTIST

Les eléments confédérés, the Artist’s Only Pentaptych, Soars to HK$114m / US$14.7m

ZAO WOU-KI WHIPS UP A STORM IN THE SALEROOM, SEVEN PAINTINGS ARE 100% SOLD

For a Combined Total of HK$318.5m / US$41m, Led by The Artist’s ‘Hurricane Period’ Masterpieces 20.03.60 and 19.11.59, Sold Respectively for HK$115m / US$14.8m and HK$111m / US$14.3m

20.03.60
19.11.59

NOTABLE RESULTS ACROSS THE TWO-DAY SALE

FOUR LOTS ACHIEVED OVER HK$100M / US$12.9M

EIGHT WORLD AUCTION RECORDS

Artist Auction Records: Chu Teh-Chun, Guan Zilan, Pang Jiun, Chen Ting-Shih, Ho Kan, Hsiao Ming-Hsien

Chu Teh-Chun Calligraphy Record

Sanyu Oil Painting on Mirror Record

THE BELL’S COLLECTION OF POSTWAR CHINESE ART

All 27 Lots Sold for a Combined Total of HK$4,281,250 / US$552,243, Far Exceeds High Estimates

TRIUMPHANT RESULTS FOR LIN FENGMIAN

All 7 Works Sold for a Combined Total of HK$20,900,000 / US$2,696,195

Most of the Lots Sold Above High Estimates, Led by Lotus Lantern which fetches HK$9,775,000 / US$1,261,268

THREE WORKS FOR CHARITY IN AID OF CORONAVIRUS EFFORTS ACROSS GREATER CHINA SOAR OVER HIGH ESTIMATES

Chu Teh-Chun’s La Lune
Sale price: HK$4,735,000 / US$610,957
Sale Proceeds Will Be Donated to Han Hong Love Charity Foundation

Pang Jiun’s Monet's Garden
Sale price: HK$7,375,000 / US$951,596
A Portion of the Sale Proceeds Will Be Donated to the LKS Faculty of Medicine of The University of Hong Kong

Sophie Chang’s Source of Hope
Sale price: HK$2,312,500 / US$298,382
Sale Proceeds Will Be Donated to Taiwan Centers for Disease Control

______________________________________________________________________________________________

· Modern Art Evening Sale Total: HK$826,213,000 / US$106,606,263

· Modern Art Day Sale Total: HK$56,651,250 / US$7,306,312

· Average Sell-Through Rate: 90%. 34 of 35 Lots at Evening Sale Found Buyers

______________________________________________________________________________________________

SET EIGHT NEW AUCTION RECORDS

SIX ARTIST RECORDS INCLUDING:

Chu Teh-Chun’s Les éléments confédérés
Sale price: HK$113,688,000 / US$14,678,000

Guan Zilan’s Portrait of a Young Girl
Sale price: HK$9,775,000 / US$1,261,268

Pang Jiun’s Monet’s Garden
Sale price: HK$7,375,000 / US$951,596

Chen Ting-Shih’s Four Seasons
Sale price: HK$1,500,000 / US$193,545

Ho Kan’s Senza Titolo
Sale price: HK$525,000 / US$67,709

Hsiao Ming-Hsien’s Abstraction
Sale price: HK$106,250 / US$13,703

*************

TWO ADDITIONAL RECORDS:

Chu Teh-Chun’s La Lune
Sale price: HK$4,735,000 / US$610,957
*Chu Teh-Chun Calligraphy Record*

Sanyu’s Femme nue etendue
Sale price: HK$12,175,000 / US$1,570,940
*Sanyu Oil Painting on Mirror Record*

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