Art News

Contemporary Asian Art at Sotheby's Hong Kong Brings HKD$66 Million

CONTEMPORARY ASIAN ART AT  

SOTHEBY’S HONG KONG BRINGS  

HK$66 MILLION /US$8.5 MILLION*  

 

--New Auction Records for Sui Jianguo and Huang Yongping-- 

 

--New Auction Record for a Sculpture by Yayoi Kusama-- 

 

Monday, April 6, 2009 -- Sotheby’s sale of Contemporary Asian Art at the Hong Kong Exhibition and 

Convention Centre today achieved a total of HK$66,434,00 /US$8,501,559, within pre-sale expectations of 

HK$59.1-82.9 million /US$7.5-10.6 million), and was 74% sold by lot and 81% by value.  57% of the sold lots 

achieved prices in excess of their high estimates.   

 

Solid results were seen for top quality works by leading Chinese Contemporary artists Zhang Xiaogang, Yue 

Minjun, Sui Jianguo and Zeng Fanzhi (see enclosed top ten for prices), and exciting prices were also 

achieved for works by Japanese, Korean and conceptual Chinese artists.  Hong Kong Contemporary artists also 

performed well on their auction debut. 

 

Commenting on the sale, Evelyn Lyn, Head of Contemporary Asian Art at Sotheby’s, said:  “We are very 

pleased and encouraged by today’s results.  Top quality works by all the leading Chinese artists found buyers 

and sold well, and we also saw some exciting prices for conceptual art and Japanese, Korean and Hong Kong 

artists.  Bidding came from all over Asia as well as Europe and America and the results are an affirmation of 

our strategy of putting together a tightly edited sale focused on quality and competitive pricing.  Auction 

records were established for Sui Jianguo and Huang Yongping and we also set a new auction record for a 

sculpture by Yayoi Kusama.”