SOTHEBY'S HONG KONG SOLD RM 250 MILLION WORTH OF MODERN AND CONTEMPORARY ART ON 5 OCTOBER 2014!

KEE@FSWMAG.COM
Sotheby’s Hong Kong Modern And Contemporary Asian Art Evening Sale

Achieves HK$ 615.46 Million / US$78.91 Million
(High Estimate In Excess Of HK550 Million / US$70 Million*)

9 Auction Records Established

80% Of Lots Sold Above High Estimate

TOP LOT
Liu Xiaodong’s Disobeying the Rules

Fetches HK$66.2 Million / US$8.49 Million
*World Auction Record For The Artist*

OTHER NOTABLE PRICES ACHIEVED
Zao Wou-Ki’s Debut d’Octobre (Beginning of October)

Achieves HK$59.48 Million / US$7.63 Million

Lee Man Fong’s Bali Life

Achieves HK$33.72 Million / US$4.32 Million

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.”