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SOTHEBY’S MODERN ART AUTUMN SALES ACHIEVE A STUNNING TOTAL OF HK$819,515,720 / US$105,744,000

By Sotheby's

- Far Exceeding Pre-sale High Estimate -

Strong Sell-Through Rates

Evening Sale: 92% ︳Day Sale: 86%

PHENOMENAL RESULTS FOR SANYU AND WU GUANZHONG

THREE MASTERPIECES

ACHIEVE OVER HK$100 MILLION (US$13 MILLION) EACH

TOP LOT

Sanyu’s Fleurs dans un pot bleu et blanc

Achieves HK$187,055,000 / US$24,136,000

Sanyu’s Nu

Sells for HK$168,671,000 / US$21,764,000

- A Star Exhibit in the Artist’s Final Solo Exhibition -

Wu Guanzhong’s Scenery of Northern China

Achieves HK$151,436,000 / US$19,540,000

- The Artist’s Largest Oil Painting Created Before the Introduction of

China’s Reform and Opening-Up Policies -

KEY FACTS AND FIGURES

Combined total of the two Modern Art sales: HK$819,515,720 / US$105,744,000 (est. HK$450 – 606 million / US$58.2 – 78.4 million)

Modern Art Evening Sale (5 Oct): HK$754,291,000 / US$97,328,000 (est. HK$414 – 541 million / US$53.5 – 70 million)

Modern Art Day Sale (6 Oct): HK$65,224,720 / US$8,416,000 (est. HK$36 – 65 million / US$4.7 – 8.4 million)

STELLAR PERFORMANCE OF SANYU AND WU GUANZHONG, 3 WORKS ACHIEVE OVER HK$100 MILLION EACH

Sanyu’s spectacular results continue with two classic paintings selling for over HK$100 million each - Fleurs dans un pot bleu et blanc achieves HK$187,055,000 / US$24,136,000 after a 15-minute bidding battle, while Nu achieves HK$168,671,000 / US$21,764,000

Another highlight of the season: Wu Guanzhong’s Scenery of Northern China, the artist’s largest oil painting created before the introduction of China’s Reform and Opening-Up policies, achieves HK$151,436,000 / US$19,540,000

CONTINUED DEMAND FOR CHU TEH-CHUN AND ZAO WOU-KI. WORKS OFFERED IN EVENING SALE 100% SOLD

Four works by Chu Teh-Chun at Evening Sale 100% sold, totalling HK$98.7 million / US12.7 million, led by a seminal work No. 312 which exceeded the high estimate to sell for HK$60,665,000 / US$7,828,000

Six works by Zao Wou-Ki at Evening and Day Sales 100% sold, totalling HK$60.2 million / US$7.8 million

THE BELL’S COLLECTION OF POSTWAR CHINESE ART II

All 27 lots offered sold - led by Chen Ting-Shih’s Day and Night #25, achieving HK$1,008,000 / US$130,000, five times its estimate

54 lots from both Spring and Autumn sales sold for a combined total in excess of HK$8 million

OTHER NOTABLE PRICES

Georges Mathieu’s Désespoir de lumière realises HK$5,620,000 / US$725,000, eight times the estimate

Léonard Tsuguharu Foujita’s Roses et lilas sells for HK$8,040,000 / US$1,037,000, eight times the estimate

SETS FOUR ARTIST AUCTION RECORDS

Lalan’s Les Formes Sortent du Bleu et du Vert

Sale price: HK$11,065,000 / US$1,428,000

Li Huayi’s Lying on Snow

Sale price: HK$8,040,000 / US$1,037,000

Ho Kan’s Senza Titolo

Sale price: HK$693,000 / US$94,139

Orazio Bacci’s DMS 570

Sale price: HK$94,500 / US$12,837

Asia Debut of Sotheby’s Pioneering Livestream Auction Format

Click Here to Watch Playback

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