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Hong Kong - Phillips presented its Modern & Contemporary Art Day Sale which continued on the momentum from the previous night's Evening Sale, and concluded the season’s Modern & Contemporary Art Sales. The 107 lot sale had a 91% sell through rate by lot and a 97% sell-through rate by value with a mix Asian Modern & Contemporary masters and Western contemporary artists.
Left: Andy Warhol. Dollar Sign, HK$ 2,800,000 - 3,800,000, (US$ 359,000-487,000), HK$3,048,000, (US$389,839) Middle: Ayako Rokkaku, Untitled ARP19-016, HK$ 2,000,000 - 3,000,000 (US$ 256,000-385,000), HK$2,921,000 (US$373,596) Right: Derek Fordjour, One Up Two Down, HK$ 2,000,000 - 3,000,000 (US$ 256,000-385,000), HK$2,540,000 (US$324,866)
Zao Wou-Ki’s 25.11.81 which has remained in the same private collection for four decades soared to 1.7 times its pre-sale estimate at HK$12 million/US$1.5 million, showing Phillips’ strength in having fresh work in our carefully sourced sales. Works by Yoshitomo Nara and Yayoi Kusama continued to be highly sought-after, with their iconic paintings featured in the Day Sale which all sold above their pre-sale estimates.
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