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SOTHEBY'S SALE OF CONTEMPORARY ART IN HK YIELDS 76.8 MILLION USD
13 July 2020
Category : MARKET

After Sotheby's successful Hong Kong modern evening auction on Wednesday, the contemporary evening sale held on July 9 brought in HKD 595 million ($76.8 million) with 39 lots out of 42 sold , leading to a 94 percent sell-through rate.

David Hockney's 30 Sunflowers from 1996—one of two of his large-scale floral paintings—sold for $14.8 million, exceeding its estimate of HKD 80 million ($10.3 million) and making it the second most expensive work by a Western artist to sell at an auction in Asia.  Prior to its sale in a Phillips New York contemporary auction in May 2011 for $2.5 million, the painting had had only one owner. 

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