Phillips Hong Kong Debut Auction Sets Records for Young Artists
Phillips' inaugural evening sale at its new Hong Kong headquarters on March 30, 2023, in the West Kowloon Cultural District, achieved over €41 million, surpassing pre-sale estimates. The 20th Century & Contemporary Art Evening Sale sold 90% of lots, with four unsold out of forty. The auction concluded Hong Kong Art Week, which saw strong attendance at Art Basel. Jonathan Crockett, President of Phillips Asia, cited positive energy as proof of the art market's strength. Top lot was Yoshitomo Nara's Lookin' for a Treasure (1995) at €10 million. Yayoi Kusama's Pumpkin (1995) sold for €6.5 million, proceeds benefiting Clarinda Carnegie Art Museum. Matthew Wong's The Road (2018) fetched €4 million. New auction records were set for Chen Ke (Outside the Window, 2020, €580,000) and Brett Crawford (H3RE HE COMES, 2023, €235,000). Genesis Tramaine's Mother of Suns of Thunder (2019) soared from HKD 300,000 to HKD 2,667,000. Christina Quarles' Our Eyes Our Open/Are Eyes Are Open (2017) sold for €470,000.
Key facts
- Phillips Hong Kong evening sale on March 30, 2023, raised over €41 million.
- 90% of lots sold, four unsold out of forty.
- Yoshitomo Nara's Lookin' for a Treasure (1995) sold for €10 million.
- Yayoi Kusama's Pumpkin (1995) sold for €6.5 million, proceeds to Clarinda Carnegie Art Museum.
- Matthew Wong's The Road (2018) sold for €4 million.
- Chen Ke set a record with Outside the Window (2020) at €580,000.
- Brett Crawford set a record with H3RE HE COMES (2023) at €235,000.
- Genesis Tramaine's Mother of Suns of Thunder (2019) sold for HKD 2,667,000.
Entities
Artists
- Yoshitomo Nara
- Yayoi Kusama
- Matthew Wong
- Chen Ke
- Brett Crawford
- Genesis Tramaine
- Christina Quarles
- Alex Katz
Institutions
- Phillips
- Phillips Asia
- Clarinda Carnegie Art Museum
- Art Basel
Locations
- Hong Kong
- West Kowloon Cultural District
- Asia