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.

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.

PRESS CONTACTS: HONG KONG – Ingrid Hsu, Head of PR& Corporate Communications , Asia Ingridhsu@phillips.com +852 2318 2043 HONG KONG – Jiayi Zhang, Public Relations Coordinator Jiayizhang@phillips.com +852 2318 2080 PHILLIPS NEW YORK – 432 Park Avenue, New York, NY 10022 PHILLIPS LONDON – 30 Berkeley Square, London, W1J 6EX PHILLIPS HONG KONG – G/F, WKCDA Tower, West Kowloon Cultural District, No. 8 Austin Road West, Kowloon, Hong Kong PHILLIPS GENEVA - Rue de la Confédération, 7 Geneva 1204

(Press Release)