Sotheby's Hong Kong Sales Hit HK$956 Million, Led by Nara and Kusama
Sotheby's Hong Kong recently concluded a series of auctions, achieving an impressive total of HK$955.98 million (US$124.28 million), marking their strongest performance in this sector since the fall of 2023. The four auctions boasted a remarkable sell-through rate of 91% by lot, with earnings nearly 35% higher than those from March 2026. The Modern & Contemporary Evening Auction was a standout, generating HK$671.33 million (US$87.27 million). A highlight was Yoshitomo Nara's Present, which fetched HK$71.66 million (US$9.32 million), surpassing its highest estimate. Other notable sales included Nara's The Crated Room in Iceland at HK$61.9 million and Yayoi Kusama's Pumpkin at HK$60.68 million, along with several auction records set during the evening.
Key facts
- Sotheby's Hong Kong sales totaled HK$955.98 million (US$124.28 million).
- It was Sotheby's highest total in the category in Hong Kong since fall 2023.
- 91% of lots across four sales found buyers.
- The overall result was nearly 35% above the March 2026 total.
- The Modern & Contemporary Evening Auction brought HK$671.33 million (US$87.27 million).
- Yoshitomo Nara's Present sold for HK$71.66 million (US$9.32 million), above its high estimate.
- Yayoi Kusama's Pumpkin (TWPOT) achieved HK$60.68 million.
- Li Hei Di's The Heaviest of Burdens Crushes Us, We Sink Beneath It, It Pins Us to the Ground reached HK$3.328 million after 18 bids.
Entities
Artists
- Yoshitomo Nara
- Yayoi Kusama
- Hu Xiaoyuan
- Li Hei Di
Institutions
Locations
- Hong Kong
- China
- Iceland