Whom You Know: Sotheby's Hong Kong Contemporary Asian Art Spring Sale 2010

Tuesday, April 6, 2010

Sotheby's Hong Kong Contemporary Asian Art Spring Sale 2010

Before an overflowing saleroom and telephone bank, Sotheby’s Hong Kong Contemporary Asian Art Spring Sale 2010 achieved a total of HK$144,881,000 / US$18,569,679 today, far exceeding the high estimate (HK$126,851,000 / US$16,342,214). Liu Ye’s highly sought-after early workBright Road fetched an impressive HK$19,140,000 / US$2.45 million after a round of intense bidding, almost tripling its high estimate (HK$4.5-6.5 million) and achieving a World Record for the Artist at Auction.

Other outstanding results include:

-- Cai Guo-Qiang - A Certain Lunar Eclipse – Project for Humankind No.2 (in 7 panels) - sells for HK$18.58 million/ US$2.38 million, doubling the low estimate (HK$9 million)

-- Yue Minjun - On the Lake - sells for HK$14.66 million/ US$1.88 million, doubling the low estimate (HK$7 million)

-- Zeng Fanzhi - The Mask Series No. 8 - sells for HK$10.74 million/ US$1.38 million, doubling the low estimate (HK$4 million)

-- Wang Guangyi - Passport (set of 30) - sells for HK$8.42 million/ US$1 million, doubling the low estimate (HK$3.9 million)

http://www.sothebys.com/

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