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Missing in Action Image courtesy Phillips and Poly.
“Woo-hoo!” said Jonathan Crockett, Phillips’s chairman of Asia, as he brought down the gavel on the last lot of a two-hour hybrid auction in Hong Kong and Beijing on Tuesday. The sale, held in partnership with mainland auction house Poly, served to underscore the growing demand in Asia for younger, emerging art stars.
All told, the sale series brought in $90 million (HK$701.5 million), handily exceeding the presale estimate of $46 million to $66 million. (Final prices include buyers’ premium; estimates do not.)
The evening sale accounted for $63 million (HK$492 million), while the day sale generated $27 million (HK$209 million). Every lot offered was sold (though purists might quibble with the label “white-glove” given that two lots were withdrawn before the evening sale began).
31 Ways to Celebrate in May and Beyond
This Asian Pacific American Heritage Month, join Asia Society for 31 ways to celebrate the vibrant and diverse traditions and contributions of Asians and Asian Americans. Highlighting live programs virtual and in-person alike our calendar also features a curated selection of on-demand family activities, art breaks, staff recommendations, and more.
Since 1979, May has been a dedicated time to celebrate Asian Pacific American heritage, but it wasn t until 1992 that May was officially designated Asian Pacific American Heritage Month. Selected to commemorate the immigration of the first Japanese to the U.S. in May 1843 and the completion of the transcontinental railroad in May 1869 that was made possible by thousands of Chinese laborers, APAH Month elevates the stories, contributions, and experiences of the Asian and Asian American communities.
Phillips Hong Kong fall auctions realise HK$710 million
Graeme Thompson, Worldwide Head of Jewellery, Phillips, conducted the auction of Les Jardins de Giverny which fetched HK$20 million. Image courtesy of Phillips.
HONG KONG
.- Jonathan Crockett, Chairman, Asia, Phillips, said: Despite a challenging global environment in 2020, our fifth anniversary in Asia marked an outstanding year for Phillips, with auction sales in Hong Kong increasing by more than 24% over the previous year, to HK$1.18 billion/ US$152 million, and once again marking our best year in the region. Our Hong Kong Sales of 20th Century & Contemporary Art & Design have consistently set new records for the category, with the Fall auction series seeing an 87% year-on-year increase and setting multiple world auction records. This season, we continued to see astonishing international participation in our Hong Kong Watch auction, with 1,600 bidders raising their paddles in the saleroom, over the phone and online, th
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