PHILLIPS’ MODERN & CONTEMPORARY ART FALL AUCTIONS IN HONG KONG REALISES HK$222 MILLION/ US$29 MILLION Combined Total for Evening and Day Sales: HK$222,060,380/ US$28,534,759 Auctioneer Danielle So selling lot 125, Yoshitomo Nara’s Untitled Day Sale of Modern & Contemporary Art Achieves HK$51 Million/ US$6.5 Million New World Auction Records Set for Xiyao Wang and Vickie Vainionpää Hong Kong, 26 November , 202 4 | Sale Total: HK$50,919,380/ US$ 6,543,140 Lots Sold: 80 | Lots Offered: 103 Sold by Lot: 78% | Sold by Value: 86% Lihua Tung, Head of Department, Hong Kong, Modern & Contemporary Art , said : " Building on the success of Yoshitomo Nara’s works in yesterday’s Evening Sale, today’s Day Sale was led by the artist’s Untitled , which fetched over HK$4.3 million/ US$554,863.

The sale results also showcased the strength of Modern art collections with important provenance. Several pieces achieved remarkable prices, notably a selection of ink on paper works by Sanyu from the Collection of Doris & Gilles Habart, inherited from Michel Habart in France, which realised over HK$1.76 million/US$226,841, with all works selling above their high estimates. Works from the collection of Zao Wou-Ki’s daughter, Sin-May Roy Zao, also saw spirited bidding. 27.6.70 sold for over HK$4 million/US$522,224, making it the second top lot of the sale, and Untitled sold for over HK$1.14 million/US$146,876, more than double its pre-sale high estimate.

This auction offered a variety of Chinese Modern & Contemporary artworks from different periods, and we were thrilled to see pieces by artists such as Chen Yifei, Wang Guangle, Li Jin, and Xue Song achieving solid prices. Following a new auction record set for rising Chinese artist Li Hei Di in the Evening Sale, today’s Day Sale saw another record set for up-and-coming Chinese artist Xiyao Wang.” Top 10 Lots Lot Description Estimate Price Achieved 125 Yoshitomo Nara, Untitled , 1992 HK$4,800,000 - 6,800,000 US$ 615,000-872,000 HK$ 4,318,000 US$ 554,863 139 Zao Wou-Ki, 27.6.70 , 1970 HK$3,800,000 - 5,800,000 US$487,000-744,000 HK$ 4,064,000 US$ 522,224 126 Yayoi Kusama, Pumpkin , 1989 HK$2,500,000 - 3,500,000 US$321,000-449,000 HK$ 3,556,000 US$ 456,946 165 Antony Gormley, Small Stress IV , 2014 HK$2,400,000 - 3,500,000 US$308,000-449,000 HK$ 3,048,000 US$ 391,668 137 Chu Teh-Chun, Le 30 mars 1982 , 1982 HK$ 2 ,000,000 - 4,000,000 US$256,000-513,000 HK$ 2,794,000 US$ 359,029 141 Chen Yifei, Sun Shower (Suzhou), 1984 HK$750,000 - 1,000,000 US$96,200-128,000 HK$2,413,000 US$ 310,071 174 Michaela Yearwood-Dan, Saturn's Return , 2021 HK$800,000 - 1,200,000 US$103,000-154,000 HK$1,397,000 US$ 179,515 112 Wang Guangle, 3pm to 5pm No. 3 , 2000 HK$1,000,000 - 1,500,000 US$128,000-192,000 HK$1,270,000 US$ 163,195 138 Zao Wou-Ki, Untitled , 2008 HK$350,000 - 550,000 US$44,900-70,500 HK$1,143,000 US$ 146,876 173 Lucy Bull, Untitled (Touched), 2017 HK$1,000,000 - 2,000,000 US$128,000-256,000 HK$1,143,000 US$ 146,876 New Auction Records Lot Description Estimate Price Achieved 1 04 Xiyao Wang , The Crystalline Moon Palace no.4 , 2022 HK$320,000 - 600,000 US $41,000-76,900 HK$571,500 US$73,438 *previous record price: HK$508,000 set in 202 3 1 95 Vickie Vainionpää, Black and Violet (Double Loop), 2023 HK$80,000 - 100,000 US $10,300-12,800 HK$120,650 US$15,504 *previous record price: HK$75,600 set in 202 2 Exchange Rate on 25-26 November 2024: HK$1= US$ 0.1285 Please click here to download the Modern & Contemporary Art Evening Sale result.

ABOUT PHILLIPS Phillips: where the world’s curious and bold connect with the art, design and luxury that inspires them. As a leading global platform for buying and selling 20th and 21st century works, Phillips offers dedicated expertise in the areas of Modern and Contemporary Art, Design, Photographs, Editions, Watches, and Jewelry. Auctions and exhibitions are primarily held in New York, London, Geneva, and Hong Kong, with representative offices based throughout Europe, the United States and Asia.

Phillips offers a regular selection of live and online auctions, along with items available for immediate purchase. Phillips also offers a range of services and advice on all aspects of collecting, including private sales and assistance with appraisals, valuations, and financial planning. Visit phillips.com for further information. *Estimates do not include buyer’s premium; prices achieved include the hammer price plus buyer’s premium.

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