• Two Sales Total HK$61million, Eclipsing Pre-sale High Estimate
• Strong Performance of Chinese Contemporary Art
• Works by Post-80s Young Artists Exceed Expectations
• Southeast Asian Art, Especially Vietnamese art, is Hotly Contested

OVERVIEW OF SALE RESULTS:

Strong Performance of Chinese Contemporary Art

REdiscovery: Manfred Schoeni's Legacy, a sale dedicated to the collection of Chinese Contemporary Art by the late Manfred Schoeni, totals HK$35million, eclipsing the Collection's high estimate with 13 of 15 lots finding a buyer. All three works by Zeng Fanzhi achieve outstanding prices: Mask 2000 No. 3, a museum-quality work coming fresh to the market in more than 20 years since its creation, comes out on top and achieves HK$24.7million. Class One Series No. 2 sells for HK$4,131,500, tripling the estimate. Untitled sells for HK$448,000, exceeding high estimate. Works by Chen Danqing (B. 1953), Zhang Gong (B. 1959), and Yang Shaobin (B. 1963) all sell for multiples of estimates. Chinese Contemporary Art continues to fetch strong prices in the following sale of Modern & Contemporary Art and Southeast Asian Art, in which Huang Yuxing's (B. 1975) Everyone Is the Same sells for HK$2,925,000, nearing its high estimate.

Works by Post-80s Young Artists Exceed Expectations

Ayako Rokkaku's (B. 1982) Untitled, the largest canvas by the artist to appear at auction, achieves HK$4,068,000, eclipsing high estimate and is the top lot of Modern & Contemporary Art and Southeast Asian Art Sale. In the same sale, Zhang Zipiao's (B. 1993) Lily 03 sells for HK$1,210,500, four times the estimate and sets a new artist record at auction. Australian artist Glendon Cordell's (B. 1980) Five Trees Standing Watch sells for HK$537,400, five times the estimate and sets a new artist record at auction. Stephen Wong Chun Hei's (B. 1986) Tao Fung Shan sells for HK$537,400, six times the estimate.

Southeast Asian Art, Especially Vietnamese art, is Hotly Contested

Southeast Asian section of Modern & Contemporary Art and Southeast Asian Art Sale totals HK$7,630,660, exceeding pre-sale high estimate. Over half of the section sells above high estimate. All 20 lots of Vietnamese Art sell, led by Nguyen Phan Chanh's (1892-1984) Retour au village which achieves HK$2,036,000, eight times the estimate. Mai Trung Thu's (1908-1980) L'Écharpe Bleue comes in second place, selling for HK$1,401,000 and exceeding high estimate.