Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Record-Breaking Sanyu Brings Christie’s Hong Kong Modern and Contemporary Sale to $78.3 M.

July 10, 2020 by Angelica Villa

Zao Wou-Ki. Courtesy Christie's.

This report on the Sotheby's Contemporary Evening sale in Hong Kong sale for July 2020 by Angelica Villa is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.) 

On Friday, Christie’s staged its marquee Hong Kong auction combining the modern and contemporary categories. The sale came just before the global "ONE" auction which also kicked off in the region’s headquarters.

The Christie's auction drew a fully packed room, with masked staff bidding by telephone without having to observe social distancing recommendations. The successful auction achieved a total result of HKD 607.2 million ($78.3 million) from 45 lots, with an overall sell-through rate of 96 percent. One lot was withdrawn before the auction began.

Leading the sale was Chinese-French painter Sanyu’s red and white floral still life, painted in the 1940s–50s, which came to auction with an estimate of HKD 60 million to HKD 80 million ($7.8 million–$10.4 million). After a protracted bidding battle, the work sold for HKD 191.6 million ($24.7 million) with buyer’s premium tripling its low estimate and setting a new record for a Sanyu still life. Sanyu's last nude painting, Nu (1965), holds the Chinese master’s current record price of HKD 198 million ($25.24 million), achieved at Sotheby's last year.


Sign up to Art Market Monitor Premium today

You need a membership to AMMpro to view this article and other exclusive content daily.

You can register today for $90 per month—with your first month free!—or for $756 per year (no free trial period.)

Screenshot 2016-08-05 16.28.45

If you already have an account, sign in here:

 
 
Forgot Password

Filed Under: General, Premium

About Angelica Villa

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Rare Photo Album by Dutch Street Photographer Bought at Auction by Rijksmuseum
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Christie's Announces $70m Picasso Self Portrait
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Tony Podesta's Secret Art Buying
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • About Us/ Contact
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor