Art Market Monitor

Global Coverage ~ Unique Analysis

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

Zao Wou-Ki, Sanyu Dominate Hong Kong Modern and Contemporary 2020 Sales: Analysis

August 31, 2020 by Angelica Villa

Sotheby's Modern Art evening sale Hong Kong. Courtesy Sotheby's.

This report on the Summer auctions 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.) 

In July 2020, Hong Kong Modern and Contemporary art evening and day sales at Christie’s, Sotheby’s and Phillips brought in HK $2.64 billion ($341 million). French-Chinese artists led this season: Zao Wou-Ki generated HK$617 million, Sanyu HK$505 million and Chu Teh-Chun HK$143 million – the three artists accounted for 48% of the total modern and contemporary sales.

July 2020 Hong Kong Modern and Contemporary Evening Sales Figures

The evenings sales achieved a combined total of HKD 2.2 billion ($289 million), seeing a powerful 95% sell-through rate yielding 143 sold lots from 151 offered. Like the New York modern and contemporary art sales, the top ten percent of the evening sales account for slightly more than half of the total sales volume. Works by Zao Wou-Ki, Sanyu, Liu Ye and David Hockney were among the highest sellers. Five Sanyu works were sold in the evening sales, making a total of HKD 490 million together and accounting for 21% of the evening sale total.


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 Tagged With: Auction analysis, Liu Ye, Sanyu, Zao Wou-ki

About Angelica Villa

  • 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