Press Release

Sotheby's Hong Kong Announces Highest Valued Contemporary Art Evening Sale in Asia

By Sotheby's
LED BY CLYFFORD STILL’S PH-568
- FRESH TO AUCTION -
- A RARE MASTERWORK FROM 1965 -
- ONE OF ONLY FIVE WORKS FROM STILL’S LATE PERIOD EVER TO BE OFFERED AT AUCTION -

Sotheby’s Contemporary Art Spring Sales 2021, scheduled for 19-20 April in Hong Kong, presents an exceptional selection of Western and Asian masterpieces of unprecedented calibre and diversity. Led by Clyfford Still’s PH-568 from 1965, a majestic masterwork from the artist’s late period, the Contemporary Art Evening Sale will showcase a stellar line-up of works by blue-chip artists, including works by Roy Lichtenstein, Willem de Kooning, Gerhard Richter and Adrian Ghenie.

Asian highlights include a robust assemblage of historical early works by major Chinese Contemporary artists such as Zeng Fanzhi, Zhang Xiaogang, Liu Xiaodong and Fang Lijun. International young talent is also under the spotlight, with exciting pieces on offer by some of the most sought-after names in the market, such as Avery Singer, Shara Hughes and Matthew Wong.

This April, we are deeply honoured to present yet another highly distinguished line-up of top-quality Contemporary pieces to collectors and audiences in Asia. The coming season will witness the highest estimated Contemporary Art Evening Sale ever presented in the region, which once again demonstrates the maturing sophistication and appetite of Asian collectors, as well as the strength and tenacity of Asia as a major global platform for top-tier Contemporary art.
Yuki Terase, Head of Contemporary Art, Asia of Sotheby’s

WESTERN MASTERWORKS

Clyfford Still, PH-568
1965, oil on canvas. 285.1 by 226.7 cm. 112¼ by 89¼ in.
Est. HK$ 105,000,000 – 145,000,000 / US$ 13,540,000 – 18,690,000
One of Only 5 Works from Still’s Late Period Ever to be Offered at Auction

Fresh to market, PH-568 is one of an extremely small group of Still paintings in private hands, with the vast majority held in the Clyfford Still Museum and other institutional collections. Created in 1965, this is a masterwork from Still’s late period, painted a few years after he retreated from the New York art scene and relocated to the quiet countryside of Maryland. As exemplified by PH-568, Still’s mature canvases are characterised by a reductive aesthetic exhibiting a new sense of exuberance, sweep and power. Notably, PH-568 was exhibited at the landmark exhibition at Marlborough-Gerson Gallery, New York in 1969 – the only time in Still’s lifetime that his works entered the commercial market following his dissociation with his gallerists in 1951. Extremely rare to come by, PH-568 serves as a powerful testament to Still’s singular and unparalleled importance within the narrative of postwar painting.

Willem de Kooning, Untitled XLVIII
1983, oil on canvas. 223.5 by 195.6 cm. 88 by 77 in.
Est. HK$ 39,000,000 – 62,000,000 / US$ 5,030,000 – 8,000,000
Asia Auction Debut of a major work by de Kooning

Executed in 1983, the monumental, exquisite and ethereal Untitled XLVIII marks a pivotal moment in Willem de Kooning’s career. The artist’s late paintings in the 1980s are distinguished by elegant lyrical lines reminiscent of calligraphy. Starting from 1983, as exemplified by the present work, de Kooning commenced his distinctive mature aesthetic of narrow bands and pristine planes of prismatic colours achieved via thin effortless layers of pigment. Untitled XLVIII's poetically uplifting composition reveals a legendary artist who has finally reached an enlightened balance and signifies the same qualities that had initially brought him renown as an Abstract Expressionist – an insistence on invention, freedom and risk.

Roy Lichtenstein, Reflections on Thud!
1990, oil and magna on canvas. 139.7 by 244 cm. 55 by 96 in.
Est. HK$ 78,000,000 – 108,000,000 / US$ 10,060,000 – 13,930,000

Fresh to auction, Roy Lichtenstein’s Reflections on Thud! comes from one private owner who acquired the work in 1990, the same year the work was executed, from Leo Castelli, the renowned art dealer who gave Lichtenstein his first one-man show. The work hails from the artist’s important series of Reflections Paintings, which employs the painterly depiction of reflective glass as a formal and conceptual investigation on the nature of art production and viewership. Reflections on Thud! is particularly desirable for its focus on the most iconic subject in Lichtenstein’s idiom – the comic strip, as well as his incorporation of a comic-style exclamatory onomatopoeia – Thud!. Only eight of Lichtenstein’s Reflections Paintings contain an onomatopoetic device, and of the artist’s 22 Onomatopoeia Paintings from the 1960s, half reside in prestigious institution collections.

Gerhard Richter, Schwefel (Sulphur)
1985, oil on canvas. 200.3 by 300.5 cm. 78⅞ by 118⅜ in.
Est. HK$ 80,000,000 – 100,000,000 / US$ 10,320,000 – 12,890,000
Adrian Ghenie, The Trip
2016, oil on canvas. 240 by 199.8 cm. 94½ by 78⅝ in.
Est. HK$ 39,000,000 – 49,000,000 / US$ 5,030,000 – 6,320,000

EARLY WORKS BY CHINESE CONTEMPORARY MASTERS

Zeng Fanzhi, Mask Series No. 18
1994, oil on canvas. 149.5 by 130 cm. 58⅞ by 51¼ in.
Est. HK$ 12,000,000 – 22,000,000 / US$ 1,550,000 – 2,840,000

Fresh to market, Mask Series No. 18 was created in 1994, the first year of Zeng Fanzhi’s acclaimed Mask series. The museum-quality painting comes from one private owner who acquired the piece from Zeng’s first solo exhibition at Hanart TZ Gallery in 1995. Notably, the pose of the figure in the present work recalls Auguste Rodin’s The Thinker. The ochre/maroon background is distinctive for the early Mask works, creating a red-on-red effect with the visceral hue of the figure’s face and hands, which recall the red fleshy tones of Zeng’s preceding Meat and Hospital series. This masterwork is of a calibre that is extremely rarely seen in the market.

Zhang Xiaogang, Bloodline: Mother and Son No.1
1993, oil and photo collage on canvas. 115 by 146 cm. 45¼ by 57 ½ in.
Est. HK$ 25,000,000 – 35,000,000 / US$ 3,230,000 – 4,520,000

Created in 1993, Bloodline: Mother & Son No. 1 is an incomparable masterwork and the very first work of Zhang Xiaogang’s seminal Bloodline series. The historically important and highly personal painting bears extensive publication records, and has only 3 comparable works from 1993, 2 of which reside in museum collections. Internationally acclaimed and exhibited at prestigious biennales in the mid-1990s, Zhang’s photography-inspired Bloodline aesthetic enlivens the past with painterly ambiguity, interrogating notions of subjectivity and selfhood within the complex construction of modern China’s identity.

Fang Lijun, 1993.4
1993, acrylic on canvas, 180 by 230 cm. 70⅞ by 90 ½ in.
Est. HK$ 19,000,000 – 29,000,000 / US$ 2,450,000 –3,740,000
Liu Xiaodong, Sons
1995, oil on canvas, 136.6 by 151.6 cm. 53¾ by 59⅝ in.
Est. HK$ 8,000,000 – 12,000,000 / US$ 1,040,000 – 1,550,000

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