Press Release

Six Sales of Modern & Contemporary Art Achieve a Combined Total of HK$1.67 Billion/US$215 Million at Sotheby's Hong Kong

Hong Kong
COMBINED SELL-THROUGH RATE: 87%

FOUR WORKS SELL FOR OVER HK$100 MILLION (US$13 MILLION) EACH

HIGHEST PRICE ACHIEVED FOR ANY WESTERN ARTWORK SOLD AT AUCTION IN ASIA

EIGHT NEW ARTIST AUCTION RECORDS

ASIA DEBUT OF SOTHEBY’S PIONEERING MULTI-CAMERA LIVESTREAM FORMAT

MODERN ART SALES

COMBINED SALE TOTAL: HK$819 MILLION / US$106 MILLION

Stellar Performance of Sanyu and Wu Guanzhong

Three Masterpieces Achieve over HK$100 Million (US$13 Million) Each

Works by Chu Teh-Chun and Zao Wou-Ki at Evening Sale 100% Sold

The Bell’s Collection of Post-war Chinese Art 100% Sold over Two Consecutive Seasons


CONTEMPORARY ART SALES

COMBINED SALE TOTAL: HK$778 MILLION / US$100 MILLION

Record High for A Various Owner Contemporary Art Evening Sale at Sotheby’s Asia

Record Season High for Western Contemporary Art in Asia (HK$500 Million / US$65 Million Sold)

Gerhard Richter and Banksy Lead Selection of Western Artworks of Unprecedented Calibre
The Pola Museum of Art, Hakone, Japan Acquires Gerhard Richter’s Abstraktes Bild (649-2) for HK$215 Million / US$27.7Million
- Highest Price Achieved for Any Western Artwork Sold at Auction in Asia –

Asian Works by Zhang Xiaogang, Liu Wei, Cui Jie, Firenze Lai Command Global Interest


SOUTHEAST ASIAN ART SALES

COMBINED SALE TOTAL: HK$69 MILLION / US$8.9 MILLION

Important Works by Indonesian Masters Sudjana Kerton, Handiwirman Saputra Reach New Heights

Continued Demand for Vietnamese Masterworks by Mai Trung Thu, Pham Hau and Le Pho

Strong Performance of Works by Filipino artists


SALE TOTALS

Modern Art Evening Sale (5 October)

HK$754,291,000 / US$97,328,000

Modern Art Day Sale (6 October)

HK$65,224,720 / US$8,416,000

Modern Art Combined Sale Total

HK$819,515,720 / US$105,744,000

Contemporary Art Evening Sale (6 October)

HK$684,106,000 / US$88,272,000

Contemporary Art Day Sale (7 October)

HK$93,585,880 / US$12,066,000

Contemporary Art Combined Sale Total

HK$777,691,880 / US$100,338,000

Southeast Asian Art Evening Sale (5 October)

HK$32,332,800 / US$4,172,000

Southeast Asian Art Day Sale (6 October)

HK$36,723,960 / US$4,739,000

Southeast Asian Art Combined Sale Total

HK$69,056,760 / US$8,911,000

Combined Total for Six Sales

HK$1,666,214,360 / US$214,993,000

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