Press Release

Sotheby's Hong Kong Modern & Contemporary Southeast Asian Art Autumn Sales Total HK$69 Million / US$8.9 Million

By Sotheby's
- Exceeds Pre-Sale High Estimate -
- Sell-Through Rate at Evening Sale: 87% -

Hong Kong, 8 October 2020 This season at Sotheby’s Hong Kong, Modern & Contemporary Southeast Asian Art Autumn Sales achieved a total of HK$69 million / US$8.9 million, led by Sudjana Kerton’s Indonesian Village Life which sold for HK$8,040,000 / US$1,037,000, over four times its estimate, the second highest price ever achieved for the artist at auction. Another highlight of the sale for the Indonesian art market was Handiwirman Saputra’s Weekend and Organic Projects from No Roots No Shoots #3, which soared to a record-breaking HK$2,520,000 / US$325,000.

Kim Chuan Mok, Sotheby’s Head of Southeast Asian Art, commented, “We are delighted with the outstanding results from our two-day sale, which demonstrated continued demand for the category from collectors across Asia. We are particularly thrilled with the exceptional performance of works by Indonesian and Vietnamese artists, whose markets we continue to take pride in leading and cultivating, as well as the strong performance of works by Filipino artists, showcasing the diversity of talent in the region.”

IMPORTANT WORKS BY INDONESIAN MASTERS REACH NEW HEIGHTS

Sudjana Kerton’s Indonesian Village Life

Sells for HK$8,040,000 / US$1,037,000

- Over 4 Times the Estimate -

- Top Lot of the Sale -

Handiwirman Saputra’s Weekend and Organic Projects from No Roots No Shoots #3

Sells for HK$2,520,000 / US$325,000

- New Auction Record for the Artist -

CONTINUED DEMAND FOR VIETNAMESE MASTERWORKS

Mai Trung Thu’s Ceremonie du The (The Tea Ceremony)

Achieves HK$4,032,000 / US$520,000

- Second Highest Price Achieved for the Artist at Auction Following Top Record set at Sotheby’s in July 2020 -

Le Pho’s Filles dans Le Jardin

Reaches HK$3,528,000 / US$455,000

- Over 4 Times its Estimate -

Tran Binh Loc’s Hanoi, Sampans sur le Fleuve Rouge (Hanoi, Sampans on the Red River)

Reaches HK$1,638,000 / US$211,000

- New Auction Record for the Artist -

- 8 Times its Estimate -

EXTRAORDINARY GROWTH FOR FILIPINO ARTISTS

Benedicto Reyes Canbrera’s Untitled (Sabel)

Achieves HK$2,772,000 / US$358,000

- 6 times its Estimate -

Fernando Zobel’s Los Grajos IV

Achieves HK$1,386,000 / US$179,000

Contacts

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pressofficeny@sothebys.com
Tel: +44 20 7293 6000
pressuk@sothebys.com
Tel: +852 2822 8143
presshongkong@sothebys.com
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