Sale Features Works Over 190 Works By Chinese, Japanese and Korean Artists, With Estimates At Over $12 Million US (HK $98 Million)
We will write much more about this upcoming auction as details come in, but today Sotheby’s announced its upcoming autumn auction of contemporary Asian art — featuring top Chinese artists like Cai Guo-Qiang and Zeng Fanzhi as well as Japanese and Korean artists like Yoshitomo Nara and Bae Bien-U. According to the press release, this sale — to be held at the Hong Kong Convention and Exhibition Centre on October 6 — will follow auctions of Wine and Fine Chinese paintings from October 3-5.
Although the auction includes many top East Asian artists, we’ll be keeping our eyes on the Chinese side. The success of recent Hong Kong auctions, where local buyers have become more numerous as well as more active, gives me a sense that this sale will be one of the year’s highlights. Depending on the turnout, we might be seeing a real turning point in terms of the buyer profile for contemporary Chinese art, and the beginning of the end of western and non-Chinese dominance in purchasing Chinese art.
As Evelyn Lin, Sotheby’s Head of Contemporary Asian Art, said, “Sotheby’s Hong Kong once again presents a carefully-curated auction of high-quality works by contemporary artists from across Asia. Highlighting this sale is a selection of seminal creations by some of the most prominent artists in the region including Cai Guo-Qiang, Zeng Fanzhi, Yayoi Kusama and Yoshitomo Nara. The kaleidoscopic array of works brings to the fore the diversity and dynamism of the contemporary Asian art scene, as well as the artists’ unrivalled creativity that is set to captivate our collectors.”
Look for more updates on this auction as we get more details — it’s going to be exciting.