Sotheby's Hong Kong Contemporary Art Sales Realise HK$802 Million / US$102 Million

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Apr 01, 2019, 14:14 ET

HONG KONG, April 1, 2019 /PRNewswire/ -- Today's sales of Contemporary Art in Hong Kong have just concluded, bringing the total for Contemporary Art sold at Sotheby's to HK$802 million / US$102 million.

Yuki Terase, Sotheby's Head of Contemporary Art, Asia, commented: "When the hammer fell on the final lot of tonight's evening sale, Sotheby's concluded what now stands as the highest totaling series of Contemporary sales ever staged in Asia – a testament not only to pan-Asian demand, but also to our ability to stage innovative and exciting auctions that set new benchmarks for the international market. In the evening sale, we are deeply honoured to have set a new auction record for Kusama Yayoi, demonstrating yet again the importance of Hong Kong in the artist's market. We also achieved a new auction record for Ethiopian-born female artist Julie Mehretu in what was the artist's auction debut in Asia. Last but not least, the NIGOLDENEYE® Vol. 1 auction resulted in Sotheby's third white-glove collaboration with cultural entrepreneur NIGO®, whose pioneering vision continues to bridge worlds and inspire creative minds across generations."

-Each Sale Exceeds Pre-Sale High Estimate-
- Highest Totaling Series of Contemporary Art Sales Staged In Asia -

CONTEMPORARY ART EVENING SALE
TOTALS HK$440.8 MILLION / US$56.2 MILLION
- 90% SOLD -

NIGOLDENEYE® VOL. 1
TOTALS HK$220 MILLION / US$28 MILLION
*100% Sold*

CONTEMPORARY ART DAY SALE
TOTALS HK$140.9 MILLION / US$18 MILLION
- 89% SOLD -

Top Lot of the Contemporary Art Evening Sale

Kusama Yayoi's Interminable Net #4
Sells for an Exceptional HK$62.4 Million / US$8 Million
*Record for a Work by a Female Artist Sold at Auction in Asia*
*New Artist Record at Auction*

Strong Performance by Western Artists

Led by Auction Debuts in Asia:

Julie Mehretu's Black Ground (Deep Light)
Sells for HK$44.2 Million / US$5.6 Million
*New Artist Record at Auction*

Mark Grotjahn's Untitled (Yellow White Butterfly)
Achieves HK$26.6 Million / US$3.4 Million

10 New Artist Records Made Across 3 Sales
Kusama Yayoi, Julie Mehretu, KAWS, Hao Liang, Duan Jianyu, Murakami Saburo,
Huang Yuxing, Madsaki, Austin Lee, Yang Haegue

Top Lot of the NIGOLDENEYE® VOL. 1 Sale
KAWS' THE KAWS ALBUM
Sells for HK$116 Million / US$14.8 Million
*Record for the Artist at Auction*