"Father of Indonesian Modernism" – S. Sudjojono’s A New Dawn Sold for an Impressive US$1.4 Million at Sotheby’s

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HONG KONG.- Following the tremendous success of the Spring sale, Sotheby’s Autumn sale of Modern and Contemporary Southeast Asian Paintings today commanded a stunning total of HK$78 million / US$10 million (high estimate: HK$45 million / US$5.7 million*), the highest sale total for a various owners sale in this category at Sotheby’s Hong Kong. Today’s sale provoked active participation in the room and over the phone. There was particularly strong interest in top-end Southeast Asian contemporary paintings, which led to two auction records set for two artists – S. Sudjojono, Father of Indonesian Modernism, and Filipino artist Ronald Ventura. S. Sudjojono’s A New Dawn sold for HK$10.7 million / US$1.4 million (high estimate: HK$2.5 million / US$322,000*) to a phone bidder after a few minutes of intense competition. Ronald Ventura’s contemporary work – Natural