In Nigo’s Nigoldeneye, Vol. 1 sale in Hong Kong this evening, this rare works from KAWS, The KAWS Album, sold for HKD 115m or more than 12 times the high estimate hammer price. That works out to $14.7m, a huge leap in pricing for the artist who just set a record in November at $2.7m.
The market for KAWS’s work is already the subject of a great deal of consternation. Expect even more snark and envy after this.