[2025 Spring Auction] Poly Auction Hong Kong's "Modern and Contemporary Art" special sale totaled HK$56.49 million
At 2:30 pm on April 30, 2025, Poly's "Modern and Contemporary Art" auction was held as scheduled in Hong Kong.The 60 lots in this auction had a total transaction value of HK$56.49 million, with a total transaction rate of 60%, of which 12% of the lots were sold above the estimated price and 43% were sold within the estimated price.Zao Wou-Ki's "1.12.81" was sold for HK$27.6 million, becoming the highest-priced painting of the auction.
New Record:
Ma Qiusha sets a new record for the second highest price paid to an artist;
A total of 2 million-level auction items were bornAmong them, Zao Wou-Ki's "1.12.81" was sold for HK$27.6 million, and Yoshitomo Nara's "Dulcimer (Jane Ritchie)" was sold for HK$18.36 million.
A total of 2 million-level auction items were producedAmong them, Liang Yuanwei's "Untitled 2014.3" was sold for HK$1.32 million, and Wang Guangle's "140710" was sold for HK$1.32 million.
TOP1 transaction in this session:
Zao Wou-Ki's 1.12.81 sold for HK$23 million, plus premium of HK$27.6 million.
Provenance: Beijing Poly, May 28, 2008, Lot No. 401. Acquired by the present owner from the above-mentioned auction.
The guarantee comes from the Zao Wou-Ki Foundation in Geneva, Switzerland. The foundation can issue a guarantee of authenticity for the new collector of this work. This work will be registered in the archives of the Zao Wou-Ki Foundation and will be included in the “Chronology of Zao Wou-Ki’s Works” currently being compiled by François Marquet and Jan Hendeggen. (Information provided by the Zao Wou-Ki Foundation.)
TOP2 transactions in this session:
Yoshitomo Nara's "Dulcimer (Jane Ritchie)" was sold for HK$15.3 million, plus HK$18.36 million in commission.
This work originated from the Tomio Koyama Gallery in Tokyo, Japan. The present owner acquired it from the above source.
TOP3 transactions in this session:
Liang Yuanwei's "Untitled 2014.3" was sold for HK$1.1 million, plus commission of HK$1.32 million.
Other lots sold:
In addition to the top three most expensive lots, the auction also included many excellent works by Chinese and Western artists, including Wang Guangle, Yu Ben, Yuan Zhan, Zhu Ming, Sun Yishun, Sha Qi and others.
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For more details on the auction items, please click on the special session