Online-торги contemporary art Sotheby's in Hong Kong brought in more than $1.3 million
ARTinvestment.RU   22 апреля 2020

Top-лотами have been the work of Yayoi Kusama and Nara esitomo

last week, April 16, Sotheby's has summed up the results of the April auction of contemporary art in Hong Kong. Bidding took place online and lasted 2.5 weeks — 1 through April 16, 2020. The catalogue includes 105 works of contemporary art primarily (but not exclusively) Asian authors, among them AI Weiwei, Zhang Xiaogang, Zeng Fanzhi, Takashi Murakami and others Among the authors of non-Asian origin in the catalog you can find works by Damien Hirst, Jeff Koons, KAWS and others at the auction were sold 102 out of 105 (96 %) of the lots catalog, with 78% of them — with excess of the upper estimate. Thus, the total amount sold exceeded the expectations of organizers more than 3 times and amounted to 10.1 million HKD ($1.3 million).

the Greatest interest the participants showed the works of Yayoi Kusama and Nara esitomo; they were the three top-лотов.

a Total of 25 sold works by these two authors has brought to organizers more than half of all revenue — $685 thousand

6 lots of esitomo Bench — draw graphics, ceramics and of course figurines — were sold in total over 1.01 million HKD, or $ 130 thousand, the Most expensive of the six lots was 30-сантиметровая figurine "Sitting sleepless night (Sleepless night sitting)," sold for 600 thousand HKD, with estimeyte 80-120 thousand HKD.

19 lots Yayoi Kusama — ceramics, figurines, paintings and drawings — were sold in the amount of 4 299 375 HKD ($555 thousand), besides the two of them entered the top-3 of the auction. Top-лотом was the song performed by the artist in 1978, enamel on paper, entitled "inside the Wave memory is an illusion" (The wave inside a memory of an illusion). Starting the auction with a lower estimate of 300 thousand HKD, working 17 steps went up three times and was auctioned for HKD 937,5 thousand ($121 thousand).

This high activity — a good sign for the art market, gradually returning to its usual rhythm. People for a long time in isolation, miss the part in the auctions (and social activity), and these trades give hope that such auction results in the near future will cease to be uncommon for auction houses.

the Material was prepared by Maria Kuznetsova, AI

Source: sothebys.com, artmarketmonitor.com