Poly Auction Hong Kong Spring Auctions 2024 Officially Concludes - Seite 3

Poly Auction Hong Kong's Modern and Contemporary Art sale this spring achieved a strong sell-through rate of approximately 92% by lot and realized over 6.782 million. Works by some of today's most popular international contemporary artists, 20th-century masters, and a well-curated lineup of Chinese contemporary artists all achieved outstanding results. Leading this sale was Yayoi Kusama's Red Pumpkin, which sold for a staggering HKD18 million, exceeding its high estimate by 2 times, and claiming the highest sales record for this department. Red Pumpkin is known for captivating viewers with its anthropomorphic characteristics: the vibrant fruit adorned with Kusama's signature polka dots creates a sense of rhythm. Red Pumpkin even set a record for Kusama's pumpkin-themed works of the same size. Yoshitomo Nara's milestone work, Cup Kids, created using fiberglass-reinforced plastic (FRP), sold for HKD7.08 million. There are a total of seven pieces in the Cup Kids series and, one piece entered the Shanghai Long Museum's collection and the remaining remain in private collections, thus will rarely be seen on the market. Léonard Tsuguharu Foujita's Roses in a Vase, created in 1952, achieved an impressive HKD3.84 million this Spring Sale. Featuring an array of flowers set against the artist's characteristic milky-white background, Foujita portrays a moving story of life from bud to full bloom that resonated with collectors.

This season's Modern and Contemporary Art sale also showcased classic and representative works of Chinese contemporary artists, achieving a sell-through rate of 91.7%. Highlights of the auction include Zhang Enli's The Forest (2) and Huang Yuxing's Welcoming Pine, both of which achieved an impressive HKD3.6 million and HKD3.06 million respectively. The sale achieved other remarkable sales, such as Izumi Kato's Untitled, which changed hands for HKD720,000, 3 times its high estimate, and Sha Qi's Emerald Beauty of Spring, which sold for around 6 times its high estimate, fetching HKD2.28 million.

Poly Auction Hong Kong's Chinese Ceramics and Works of Art department meticulously organized four themed sales for the Spring Auction generating a total sale of approximately HKD 110 million. The highly anticipated single-owner sale, "Stellar Effulgence: The Wang Xing Lou Collection of Imperial Qing Dynasty Porcelain," achieved a total sale of HKD 37.02 million. The leading piece, a magnificent carved celadon-glazed 'archaistic' vase, Qianlong mark and of the period, fetched HKD 24 million. This is also the highest sold price in the ceramics and works of art category in Hong Kong's auction market this April. A Qianlong mark and period blue and white porcelain 'archaistic' hu-form vase and cover with 'lotus scroll and eight Buddhist emblems' design sold for HKD 5.4 million. The sale also saw several items far exceeding their estimated values. A pair of Kangxi mark and period eggshell white-glazed 'gold-rim' winecups, after an intense bidding war lasting 11 minutes, sold for HKD 2.76 million – surpassing four times the low estimate. Similarly, a Yongzheng mark and period Ge-type pear-shaped vase sold for HKD 2.7 million, exceeding three times the low estimate.