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Last week, Sotheby’s Hong Kong Contemporary Art online sale wrapped its online bidding period—offering a total of 105 lots, the sale saw a high sell-through rate of 96% with 78% of the 102 total lots sold making prices above their high estimate. The conservatively priced sale realized a total result of HKD $10.1 million ($1.3M) reaching over 300% its original pre-sale estimate of HKD 3.4-5.8 million.
The leading lot among the group of works was Yayoi Kusama’s enamel on paper The Wave Inside a Memory of an Illusion from 1978 – the work is an example of Kusama’s signature repeated patterning garnered a total of 17 bids, tripling its low estimate of HKD 300,000 ultimately selling for a total of HKD 937,500. Yoshitomo Nara’s 2007 Sleepless Night Sitting, an editioned sculpture featuring a variation of the artist’s manga-style protagonist, sold for five times its pre-sale high estimate of HKD $120,000 reaching a stunning total of HKD 600,000. Another of Kusama's works Silver Sea from 1980, featuring the artist's netting style in silver hue found 23 bids before doubling its high estimate of HKD 250,000, fetching a total of HDK 600,000.
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