Over the weekend, Sotheby’s sold a great deal of Contemporary Asian art in Hong Kong. Succeeding in running an Evening sale of works from the entire region as well as category specific sales during the day, Sotheby’s set record prices for Asia’s most popular names (as well as doing great business in Zao Wou-ki, Sanyu and Chu Teh-chun):

“It was a great sale,” said Pascal de Sarthe, a Hong Kong-based dealer. “The Chinese art market is very strong, and a new Southeast Asian record was set.” […]

An auction record for a work by a Southeast Asian artist was set with the sale of a HK$58.4 million painting by Indonesian artist S. Sudjojono (1914-1986), Sotheby’s said.

Titled ‘‘Our Soldiers Led Under Prince Diponegoro,” the 1979 oil on canvas measuring one by two meters smashed the previous record of HK$36 million set by Indonesian artist Lee Man Fong at Christie’s Hong Kong in November.

Records were achieved by Japanese contemporary artist Yoshitomo Nara (HK$15.7 million), Indonesians Sudjana Kerton (HK$13.2 million) and Ay Tjoe Christine (HK$4.6 million), and Vietnamese modern painter Le Pho (HK$3 million).

Zhang Xiagang Sets $12.1 Million Record at Sotheby’s (Bloomberg)