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Hk$1,983,506,250 / Us$256,666,850 the Highest Sale RESULTS | HONG KONG | 26 MAY 2 0 2 1 | FOR IMMEDIATE RELEASE Extraordinary Display of Market Confidence 20th and 21st Century Art Auction Series Achieved HK$1,983,506,250 / US$256,666,850 THE HIGHEST SALE TOTAL FOR THE CATEGORY IN CHRISTIE’S ASIA The Highest Ever Day Sale Total For the Category In Asia Combined Sell-Through Rate of 96% Global Participation From 37 Countries RADIANCE: THE BASQUIAT SHOW DREW OVER 15,000 VISITORS Marking a groundbreaking cultural moment in Hong Kong 26 NEW ARTIST RECORDS ESTABLISHED INCLUDING: Avery Singer, Ronald Ventura, Christine Ay Tjoe, Loie Hollowell, MADSAKI, Huang Yuxing, Kim Tschang-Yeul Yeung Tong Lung, Izumi Kato, Chen Fei, Kohei Nawa, Shara Hughes, Robert Nava* Hong Kong – Works offered across our series of 20th and 21st Century Art sales on 24 and 25 May realised HK$1,983,506,250 / US$256,666,850, the highest ever sale total for the category in Christie’s Asia. The 20th and 21st Century Art Evening Sale totalled a record-breaking HK$1,585,290,000 / US$205,138,773, the highest ever Evening Sale total for the category, while the 20th and 21st Century Art Morning and Afternoon Session, as well as Mr Doodle: Caravan Chaos, together achieved HK$398,211,250 / US$51,528,077, the highest ever Day Sale total for the category in Asia. Evelyn Lin, Co-Head of 20th and 21st Century Art Department, Christie’s Asia Pacific, commented: "We are extremely proud of the record-breaking results achieved in our 20th and 21st Century Art sales which underscore both the tremendous display of market confidence in Asia and strength of our offer. The record- breaking sale paved the way for an extraordinary season that showcased our fundamental expertise in bringing today’s most in-demand artists to auction while delivering market-defining prices. Coupled with the outstanding visitor numbers to Radiance: The Basquiat Show, Christie’s Hong Kong reaffirms itself as a leading global platform for 20th and 21st Century Art." Cristian Albu, Co-Head of 20th and 21st Century Art Department, Christie’s Asia Pacific, noted: “The phenomenal performance of our exciting two-day auction series confirms the strength of Asian buyers in building global demand for 20th and 21st Century artists, inspiring greater competition in the saleroom for iconic blue- chip names and fueling new price benchmarks for fast-rising young and contemporary artists. In close collaboration with new and established collectors, the results demonstrate our continued leadership in shaping the future of the art market.” EXCEPTIONAL PRICES ACHIEVED FOR EVENING SALE The top lot across the sale series was Jean-Michel Basquiat's Untitled (One Eyed Man or Xerox Face) (previous page centre), which realised HK$234,290,000 / US$30,317,362 to become the second most valuable work by the artist to sell at auction in Asia. This follows the market-defining prices set at Christie’s in Hong Kong on March 2021 and New York on May 2021. Temple at the Mountain Peak by Zhang Daqian (previous page left) achieved HK$209,100,000 / US$27,062,468, the second-highest price ever realised for the artist at auction, showcasing the resounding demand for the splash-ink pioneer. The Evening also saw phenomenal results for: Potted Chrysanthemums by Sanyu (HK$118,645,000 / US$15,352,783) (above centre); 24.01.63 by Zao Wou-Ki (HK$76,280,000 / US$9,870,709) (above left); Nu couché à la libellule by Pablo Picasso (HK$62,540,000 / US$8,092,739) (upper right); alongside The Collector I by Adrian Ghenie (below right), which became the most valuable work by the artist to sell at auction in Asia at HK$65,975,000 / US$8,537,232. For more Evening Sale highlights, read the full release here. STRONG MOMENTUM FOR FAST-RISING ARTISTS IN DAY SALE The three Day sales achieved a combined sell-through rate of 95% with over 60% of lots sold above high estimates and a spectacular 174% hammer above low estimate. George Condo led the Day sales fetching HK$22,450,000 / US$2,905,053 for Multicolored Portrait (first page right) from his ‘psychological cubism’ series, while remarkable results were achieved for Nicolas Party’s Still Life with an Empty Bottle (above left) fetching HK$9,250,000 / US$1,196,959. The Afternoon Session also set new artist records for I don't Deserve These Flowers by Shara Hughes (above centre) at HK$4,740,000 / US$614,655 and Untitled (Birdie Lovejoy) by Robert Nava (above right) acquired for HK$2,375,000 / US$307,237. Mai Trung Thu’s L’Aube Nouvelle (New Dawn) (above left) led the strong selection of Vietnamese artworks on offer, which sold for five times its low estimate at HK$4,000,000 / US$517,604 in the Morning Session, alongside Le femme au panier (Lady with a Basket) by Le Pho (above centre), which realised almost four times its low estimate at HK$3,750,000 / US$485,254 and Houses by Bui Xuan Phai (above right), which fetched HK$1,625,000 / US$210,277, a world auction record for the artist. Numerous works sold for multiples of their pre-sale estimates including Summer by Liu Ye (above left), which sold above its high estimate at HK$4,625,000 / US$727,881; Happy Zodiac by Tomokazu Matsuyama (above centre), which achieved HK$3,250,000 / US$420,553; and The Magician by Oli Epp (above right), which sold for over five times its high estimate at HK$1,000,000 / US$129,401, to set a world auction record for the artist. MR DOODLE: CARAVAN CHAOS 100% SOLD The standalone auction dedicated to young British artist Mr Doodle was a white-glove sale, with all works surpassing its pre-sale low estimates to total HK$5,668,750 / US$731,081. The top lot of the sale was Caravan Chaos: Side 3 Panel 6 which was enthusiastically sought-after by bidders to realise HK$725,000 / US$93,816, almost three times above its pre-sale high estimate. Zao's Centenary: Prints and paper works by Zao Wou-Ki online auction continues until 27 May. NOTES TO EDITORS 26 Artist Records Set in 20th & 21st Century Art Auction Series on 24 & 25 May 2021: AVERY SINGER Dancers Around An Effigy To HK$ 24,250,000 Modernism US$3,137,974 RONALD VENTURA Party Animal HK$19,450,000 US$2,516,850 CHRISTINE AY TJOE Layers with More Circles HK$13,450,000 US$1,740,444 KIM TSCHANG-YEUL CSH I HK$9,850,000 US$1,274,600 HUANG YUXING A Flourishing City Near the HK$9,250,000 Yellow River Source US$1,196,959 CHEN FEI The Left Fist Has No Strength HK$7,210,000 US$932,981 KOHEI NAWA PIX-CELL DEER 23 HK$6,610,000 US$855,341 SHARA HUGHES I don't Deserve These Flowers HK$4,750,000 US$614,655 LOIE HOLLOWELL Yellow Canyon Over Red Ground HK$4,375,000 US$566,129 IZUMI KATO Untitled HK$4,250,000 US$549,954 MADSAKI Liberty Leading the People II HK$4,125,000 (Inspired by Eugene Delacroix) US$533,779 TOMOKAZU MATSUYAMA Happy Zodiac HK$3,250,000 US$420,553 ROBERT NAVA Untitled (Birdie Lovejoy) HK$2,375,000 US$307,327 HILARY PECIS Garden Cat HK$1,750,000 US$226,452 BUI XUAN PHAI Houses HK$1,625,000 US$210,277 JAMMIE HOLMES First Birthday HK$1,500,000 US$194,102 OLI EPP The Magician HK$1,000,000 US$129,401 LIM TZE PENG Shophouses by the River HK$875,000 US$113,226 TAWEE NANDAKWANG The Garden HK$812,500 US$105,138 YEUNG TONG LUNG Staircase HK$625,000 US$80,876 PRATUNG EMJAROEN Untitled HK$437,500 US$56,613 CHEN CHENG MEI Singapore River HK$150,000 US$19,410 PREECHA THAOTONG Mural Painting HK$125,000 US$16,175 SURASIT SAOKONG Serenity HK$106,250 US$13,749 SAWASDI TANTISUK Skyform HK$75,000 US$9,705 LU QING Untitled HK$32,500 US$4,206 Auction Records for Jean-Michel Basquiat Set by Christie’s: The Second Highest Price Achieved for the Artist at Auction In This Case, price realised US$93,105,000, 11 May 2021, Christie’s New York The Most Valuable Western Artwork Ever Sold at Auction in Asia Warrior, price realised HK$323,600,000, 23 March 2021, Christie’s Hong Kong Image Download Link: please click here Press Contact: Gigi Ho | +852 2978 6719 | [email protected] About Christie’s Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Founded in 1766 by James Christie, Christie's has conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s also has a long and successful history conducting Private Sales for clients and online sales are offered year-round across all categories. Christie’s global presence is spread across a network of international salerooms and 61 representatives and offices. Christies.com provides detailed articles and videos on the objects offered for sale alongside the latest advances in digital viewing tools to make Christie’s accessible to all.
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