Richard Lin's 1.3.1964 -Painting Relief Sells for HK$6.2 Million

Hong Kong1.3.1964 - Painting Relief, the highly anticipated work by the renowned British- Taiwanese artist Richard Lin (1933-2011) at auction this season, sold for HK$6,175,625 at Bonhams Modern and Contemporary Art Sale in Hong Kong on 27 May, nearing its high estimate and achieving the fifth highest price of the artist's works.

Richard Lin, born in Taiwan but raised in Hong Kong and studied in the UK, was selected as the first British-Taiwanese artist to participate in documenta III in 1964, the third edition of the leading international contemporary art exhibition in Kassel, Germany. 1.3.1964 - Painting Relief is the largest of the artist's only three works selected to exhibit at the prestigious exhibition. Appearing on the market for the very first time after 55 years, 1.3.1964 - Painting Relief represents Lin's most acclaimed and sought-after body of work.

Earlier in March this year, the work was a centerpiece – among a collection of 30 works – at the artist's second retrospective exhibition presented by Bonhams, which was also the first large-scale retrospective for the artist in Asia outside of his native Taiwan.

Commenting on the sale, Ralph Taylor, Global Head of Post-War & Contemporary Art, said "Since Bonhams held the first retrospective for Richard Lin in London in October 2018, we have been dedicated to celebrating the artist's important legacy with numerous collectors from around the world. We are pleased with the strong price achieved for 1.3.1964 - Painting Relief - the artist's most important painting ever to come onto the market."

The sale had a robust sell through rate of 84% by lot. All nine lots by Japanese artists were sold, with the following lots selling about double their estimates:

Key Hiraga (1936-2000) Girl Embracing a Butterfly selling for HK$438,125 (Estimate: HK$200,000 – 300,000)

Moriyuki Kuwabara (b. 1942) Concurrence Scene: 1975-7 selling for HK$113,125 (Estimate: HK$50,000 – 70,000)

Masaaki Yamada (1929-2010) Work C.p.66 selling for HK$113,125 (Estimate: HK$60,000 – 90,000)

Contacts

Related auctions