Phillips held its Spring Hong Kong sale over the weekend making $17.7m between the two sales:
Phillips’ Evening Sale of 20th Century & Contemporary Art & Design in Hong Kong realised HK$129,761,250, selling 91% by lot with bidders from 22 countries participating. New world auction records were set, including those for a work by Christine Ay Tjoe, as well as a sculpture by KAWS. The sale was preceded by the standalone auction Warhol in China, which achieved HK$6,421,250.
Jonathan Crockett, Head of 20th Century and Contemporary Art & Deputy Chairman for Phillips Asia, said: “The outstanding result of tonight’s sale further establishes Phillips’ presence and rapid growth in and across Asia. Leading the sale was Yoshitimo Nara’s Last Warrior / The Unknown Soldier which sold for HK$21,680,000. The electric pace was set with fierce bidding for the opening lot by Jonas Wood, selling for three times the estimate. The momentum continued throughout, and after a nine minute bidding war, a new world auction record was set for Christine Ay Tjoe, more than doubling the previous record, and demonstrating Phillips’ ability to source and sell the most desirable works for record breaking prices. The international flavour of this sale was highlighted by works from as far away as Latin America, with Fernando Botero and Miguel Covarrubias achieving strong results.”