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By: Crystal Wong | Photos: Justin Cheng 19 Apr, 2021 | Mon | 23:24
Touted by Sotheby’s as a series of sales that carry the highest estimate for any auction series ever staged in Asia, tonight’s marquee Contemporary Art Evening Sale in Hong Kong was indeed a tremendous success.
Driving the night were mainly artworks executed by Western artists, including all top three lots that each crossed the HK$100m (US$12.9m) mark: Clyfford Still’s abstract painting
PH-568, Gerhard Richter’s 1985 oil on canvas
Schwefel (Sulphur), and Roy Lichtenstein’s
Reflections on Thud!.
PH-568 at HK$108m
With only one work withdrawn towards the end of the sale, all 45 lots found their new owners. The white-glove sale tallied nearly HK$952m (US$122.5m) and a sizable portion of that amount was sured up by the 14 lots guaranteed by irrevocable bids ahead of the sale, to ensure they would sell.
Surging Demand for Young Artists Powered Sotheby s $122 5 Million Contemporary Art Sale in Hong Kong artnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from artnet.com Daily Mail and Mail on Sunday newspapers.