Phillips’ Hong Kong’s recent auctions in late May achieved US$ 56 million, with a 41% increase from the same season in 2017. It was also the highest total ever for an evening sale of 20th Century & Contemporary Art and Design at Phillips. A star lot, Zao Wou-ki’s 04.01.79 was sold for HK$ 69.9 million, which breaks the record for any auction lot sold by Phillips in Asia.
There was a 100% sell through rate at the single owner group, “The Pioneers of Modernism: a Selection from the Scheeres Collection” while world records were broken, including a world artist auction record for Richard Lin, a world artist auction record for a work on paper by Richard Lin, and a world artist auction record for Tomoo Gokita. In addition, 100% of the Design pieces were sold.
This triumphant season further consolidates Phillips’ position as a key player in this dynamic and fast-growing region of Asia. With its recently opened gallery space in Hong Kong as well as its expanding presence across Asia, Phillips is serving a broader collecting community.
Larry’s List presents six of the top lots from the sale and would like to invite you to consign with Phillips for its next auction of 20th Century & Contemporary Art and Design in autumn 2018.
ZAO WOU-KI
04.01.79, 1979
SOLD FOR HK$69,850,000
TOMOO GOKITA
Women in Crime, 2015
SOLD FOR HK$2,740,000
RICHARD LIN
Three Four Five, 1969
SOLD FOR HK$5,140,000
FINN JUHL
Important and early ‘Chieftain’ armchair, model no. FJ 49 A, designed 1949
SOLD FOR HK$612,500
KAWS
FINAL DAYS, 2014
SOLD FOR HK$5,620,000
LIU WEI
Purple Air D1, 2008
SOLD FOR HK$2,500,000
