Christie’s Hong Kong Spring 2011 Asian 20th Century and Contemporary Art Achieves New Milestone

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HONG KONG.- Christie’s concluded its Hong Kong Spring Evening and Day sales of Asian 20th Century and Contemporary Art on 29 May, 2011, totaling HK$761,514,250/ US$97,854,581. The sales were 82% sold by lot and 94% sold by value. Five lots sold in excess of HK$30,000,000 /US$3,855,000 and seventeen lots over HK$10,000,000 /US$1,285,000. Eighteen world auction records were achieved for a broad range of works, including twelve lots by Chinese artists, three by Japanese artists, two by Koreans and one Indian work. These included Japanese artist Zenzaburo Kojima’s ‘Nude Reclining on Yellow Chair’ (HK$2,660,000 / US$341,810) and Chinese artist Pang Jiun’s ‘A passerby hears a fair maiden’s laughter in the garden ring’ (HK$2,420,000 / US$310,970). The Evening Sale – the highest ever sale in this category – totaled HK$492,660,000 /US$63,306,810 and particularly demonstrated the solid dem