Sotheby's Hong Kong Modern and Contemporary Asian Art Evening Sale achieves US$78.91 Million

HONG KONG.- Commenting on the sale, Kevin Ching, Chief Executive Officer of Sotheby’s Asia, said: “Tonight’s Modern and Contemporary Asian Art – Evening Sale was a vibrant success, achieving well in excess of the high estimate. Sotheby’s worldwide network had sourced appealing works from private European, American and Asian collections, many appearing on the market for the first time, and collectors responded with extraordinary enthusiasm. Our highly-anticipated offering of works showcasing the rich diversity of Asian art across different periods and regions attracted hundreds of participants, many new to our business, not only in our very crowded saleroom and on the phones, but also online and via absentee bids, which resulted in numerous artist’s records in all categories offered this evening. Among the many thrilling moments were the bidding wars for Zao Wou-Ki’s Debut d'Octobre (Beginning of October), which had been off the market for nearly 50 years, and for Fang Lijun’s Series 2 No. 4 from the collection of Guy and Myriam Ullens de Schooten, both of which nearly doubled their high estimates and the latter achieving an auction record for the artist as well.”

WORLD AUCTION RECORDS FOR ARTISTS

• Liu Xiaodong (b. 1963) Disobeying the Rules 1996, oil on canvas, 180 x 230 cm Estimate upon request Sold for HK$66.2 million / US$8.49 million

• Fang Lijun (b. 1963) Series 2 No. 4 1992, oil on canvas, 200 x 200 cm Est. HK$25 – 35 million / US$3.23 – 4.52 million Sold for HK$59.48 million / US$7.63 million

• Liu Wei (b. 1965) You Like Pork? 1995, oil on canvas, 200 x 150 cm Est. HK$18 – 28 million / US$2.33 – 3.62 million Sold for HK$23.64 million / US$3.03 million

• Jia Aili (b. 1979) Wasteland Series No.1 2009, oil on canvas, 209.4 x 270.7 cm Est. HK$3.2 – 4 million / US$413,000 – 520,000 Sold for HK$11.8 million / US$1.51 million

• Anita Magsaysay-Ho (1914 – 2012) Paghuhuli Ng Mga Manok (Catching Chickens) 1962, oil on canvas, 102 x 132 cm Est. HK$5 – 8 million / US$650,000 – 1.04 million Sold for HK$9.64 million / US$1.24 million

• Chang Shuhong (1904 – 1994) Artist’s Family after the Bombing in Chunking Circa 1938 – 1942, oil on canvas, 79 x 63.8 cm Est. HK$2.5 – 3.5 million / US$323,000 – 452,000 Sold for HK$9.4 million / US$1.21 million

• Wang Xingwei (b. 1969) Blind 1996, oil on canvas, 219.5 x 179.8 cm Est. HK$1.5 – 2.5 million / US$194,000 – 323,000 Sold for HK$9.4 million / US$1.21 million

• Miguel Covarrubias (1904 – 1957) In Preparation of a Balinese Ceremony Circa 1930s, oil on canvas, 61.5 x 89 cm Est. HK$3 – 5 million / US$388,000 – 650,000 Sold for HK$8.44 million / US$1.08 million

• Wang Guangle (b.1976) Terrazzo 2004. 1. 1 - 2004. 2. 5 2004, oil on canvas, 180 x 180.2 cm Est. HK$1 – 1.5 million / US$130,000 – 194,000 Sold for HK$5.44 million / US$697,000