Wednesday 23rd August 2017,

ART

Ξ Leave a comment

Christie’s Auction House Sells ‘Love’ for $626,296

posted by ARTCENTRON
Christie’s Auction House Sells ‘Love’ for $626,296

Kazuo Shiraga Untitled, oil on canvas, painted in 1965. Sold for $269,152. Image courtesy of Christie’s auction house

ART AUCTION

At the auction of Eastern and Western contemporary art in Hong Kong, Christie’s auction house made great stride with Robert Indiana’s Love

Image: Indiana Roberts,  LOVE (GoldBlue) sculpture was the top lot at Christie's auction house  art sale in Hong Kong

Indiana Roberts, LOVE (GoldBlue) . Image courtesy of Christie’s auction house

BY KAZAD

HONG KONG–Robert Indiana’s Love was the top lot at the recently concluded Christie’s auction house ASIA+/First Open auction .  The (Gold/Blue), polychrome aluminum, conceived in 1966 and executed in 2002 sold for US$626,296.   Also making a great showing at the Christie’s auction house art event is Yayoi Kusama (Japanese, B. 1929), Lemon Squash. The acrylic on canvas, painted in 1991 sold for HK$4,240,000/ US$548,656/ £ 373,968, €525,336. Alias HK-59 by Invader archived world auction record for the artist. The ceramic tiles on glass panel, in 2 parts, executed in 2014 sold for HK$2,680,000/ US$346,792/ £ 236,376, €332,052 . The auction realized HK$47,885,000 / US$6,196,319 / £4,223,457  / €5,932,952 in total.

This is the second installment of Christie’s auction house Asia+/First Open –a collaboration between Christie’s global specialist teams. Held in the James Christie Room, Alexandra House, the auction room was packed with new and seasoned collectors. Over 130 works, including works on paper, painting, sculptures and installations were presented for sale at the Christie’s auction house art sale.

Works presented by the auction house explored the intrinsic connection between art and life. They also allowed a comprehensive view of the depth and breadth of Eastern and Western art to new and seasoned collectors who were unreserved in their quest to get some of the outstanding works at the auction into their collections.

Included in the art sale are important works by established contemporary artists Yayoi Kusama (Japanese, B. 1929), I Nyoman Masriadi (Indonesian, B. 1973), MR. (Japanese, B. 1969) and Yoshitomo Nara (Japanese, B. 1959), and as well as 20th century figures such as T’ang Haywen (Chinese, 1927-1991), Walasse Ting (Chinese, 1929-2010) and Zao Wou-ki (French/Chinese, 1921-2013) and Gutai masters Sadamasa Motonaga (Japanese, 1922-2011) and Kazuo Shiraga (Japanese, 1924-2008).

Complementing the works of the Eastern artists are works by Western contemporary artists selected by Christie’s auction house to add even greater excitement to an already thrilling art sale. The Western artists included such as Anish Kapoor (Indian, working in Britain, B. 1954) and Damien Hirst (British, B. 1965), Pop artists such as Robert Indiana (American, B. 1928), Roy Lichtenstein (American, 1923-1997) and Andy Warhol (American, 1928-1987), and urban artists such as Invader (French, B. 1969) and KAWS (American, B. 1974).

The auction also included a charity section dedicated to Sovereign Art Foundation.  Works by a number of young and emerging artists who are Sovereign Asian Art Prize finalists were presented for sale by Christie’s auction house . Over the years, the auction house has been involved in charity auction and this is just one of them.

Speaking on the result of the auction, Laure Raibaut of Christie’s auction house Hong Kong and Edward Tang of Christie’s New York noted:

With ASIA+/First Open, Christie’s has sought to create a global art conversation. With a packed salesroom energized by keen bidding from young collectors, fresh works from Western urban and Asian emerging artists by the likes of KAWS and Invader, Lee Kit and Liu Dao held strong appeal. Established pop art by Robert Indiana and Andy Warhol also performed well. The success of Christie’s first Asia auction of the year sets the stage for the upcoming art season and shows that quality works, be they of Western or Asian roots, speak to the hearts of art lovers and new collectors,” said co-curators Laure Raibaut of Christie’s Hong Kong and Edward Tang of Christie’s New York.

Here is a list of the top ten lot at the Christie’s ASIA+/First Open auction in Hong Kong. Out of the 135 lots offered by the auction house, 104 lots sold. All sold prices include buyer’s premium

Image: I Nyoman Masriadi, Titan Arum, acrylic on canvas, painted in 2003, made great impact at Christie's auction house art sale in Hong Kong

I Nyoman Masriadi, Titan Arum, acrylic on canvas, painted in 2003. Sold for $191,512. Image courtesy of Christie’s auction house1

1. Robert Indiana (American, B. 1928), Love (Gold/Blue), polychrome aluminum, conceived in 1966 and executed in 2002.   Estimate (HK$): 4,000,000-5,000,000. Price Realized: HK$4,840,000/ US$626,296/ £ 426,888/ €599,676. Buyer: Asian Trade

2. Yayoi Kusama (Japanese, B. 1929), Lemon Squash, acrylic on canvas, painted in 1991. Estimate (HK$): 2,900,000-3,900,000. Price Realized: HK$4,240,000/ US$548,656/ £ 373,968/ €525,336. Buyer: European Trade

3. Zao Wou-Ki (Zhao Wuji, French/Chinese, 1921-2013),Untitled, oil on canvas, painted in 2004. Estimate (HK$): 2,800,000-3,400,000. Price Realized: HK$4,120,000/ US$533,128/ £ 363,384/ €510,468 Buyer: European Private

4. Invader (French, B. 1969), Alias HK-59, ceramic tiles on glass panel, in 2 parts, executed in 2014. World auction record for the artist. Estimate (HK$): 1,200,000-1,800,000 Price Realized: HK$2,680,000/ US$346,792/ £ 236,376/ €332,052 Buyer: Asian Private

5. Andy Warhol (American, 1928-1987), Dollar Sign, synthetic polymer and silkscreen inks on canvas, executed in 1981. Estimate (HK$): 2,000,000-2,500,000 Price Realized: HK$2,320,000/ US$300,208/ £ 204,624/ €287,448 Buyer: American Private

6. Kazuo Shiraga (Japanese, 1924-2008), Untitled, oil on canvas, painted in 1965. Estimate (HK$): 800,000-1,200,000 Price Realized: HK$2,080,000/ US$269,152/ £ 183,456/ €257,712 Buyer: European Private

7. I Nyoman Masriadi (Indonesian, B. 1973), Titan Arum, acrylic on canvas, painted in 2003. Estimate (HK$): 900,000-1,200,000, Price Realized:   HK$1,480,000/ US$191,512/ £ 130,536/ €183,372 Buyer: Asian Trade

8. Roy Lichtenstein (American, 1923-1997), Two Nudes, from Nude Series, relief print in colors on Rives BFK paper, executed in 1994. Estimate (HK$): 1,000,000-1,500,000, Price Realized:   HK$1,180,000/ US$152,692/ £ 104,076/ €146,202. Buyer: European Trade

9. Liu Xiaodong (Chinese, B. 1963), The Son, oil on canvas, painted in 2009. Estimate (HK$): 700,000-1,200,000. Price Realized:   HK$1,060,000/ US$137,164/ £ 93,492/ €131,334. Buyer: Asian Private

10. Mr. (Japanese, B. 1969), Untitled, mixed media on canvas, painted in 2011. Estimate (HK$): 800,000-1,000,000. Price Realized: HK$937,500/ US$121,313/ £ 82,688/ €116,156. Buyer: European Trade.

Image: Mr., Untitled, mixed media on canvas, painted in 2011 excited art collectors at the Christie's auction house art sale in Hong Kong

Mr., Untitled, mixed media on canvas, painted in 2011. Sold for US$121,313. Image courtesy of Christie’s auction house

Image: Zao Wou-Ki, Untitled, oil on canvas, painted in 2004, is one of the paintings that attracted attention at Christie's auction house art sale in Hong Kong

Zao Wou-Ki, Untitled, oil on canvas, painted in 2004. Sold for $533,128. Image courtesy of Christie’s auction house

Join the art conversation: Share your thoughts and comments. Add to the story

FOLLOW ARTCENTRON