Van Gogh 36.5 billion won, Monet 34 billion won…亞 Masterpieces with the highest sales

Christie’s opening auction site relocated to Henderson, Hong Kong

Christie’s Hong Kong’s ’20th/21st Century Art Evening Auction’ on the 26th, where Claude Monet’s work ‘Water Lilies’ was exhibited. Monet’s ‘Water Lilies’ was sold for 200 million Hong Kong dollars (approximately 33.997 billion won, fees not included) on this day. Photo Hong Kong = Reporter Kim Min.

A new landmark building, ‘The Henderson’, created by Zaha Hadid Architects, has appeared in Hong Kong’s Central area, where high-rise buildings and luxury shopping malls designed by world-class architects, such as the HSBC Building designed by Norman Foster and the Bank of China Tower by Io Ming Pei, are gathered. Christie’s Asia Pacific headquarters was expanded and relocated to this building, which features a curved shape inspired by the Bauhinia flower bud, a symbol of Hong Kong. I visited the site where the first auction began on the 26th.

Christie’s Hong Kong occupies 4,645 m2 (approximately 1,405 pyeong) of space on four floors at The Henderson. Two of these floors are the auction house and exhibition hall, and one floor is a customer-only space, which can be accessed through advance reservation. The exhibition hall was smaller than when it was opened in a leased Hong Kong Convention Center in the past, but in the past, auctions of everything from ancient art to modern and contemporary art as well as jewelry and luxury were held at the same time, but this time, only 20th/21st century art and ceramics auctions were held.

The exhibition space of ‘The Henderson’, where Christie’s Asia Pacific headquarters has expanded and relocated. Exhibitions using skylights have also become possible. Hong Kong = Reporter Kim Min

The exhibition hall also had a space with a skylight overlooking downtown Hong Kong, and it was also possible to view part of the Mika Ertugan collection, which includes works by David Hockney and René Magritte, scheduled to be auctioned at Christie’s New York. Here, not only collectors but also writers and younger generation visitors came to see Monet’s ‘Water Lilies’ and Vincent van Gogh’s ‘Moored Ship’, which were scheduled to be exhibited at the evening auction. A Christie’s official said, “12,840 people visited during the preview period from the 22nd to the 26th.”

A lounge with a space where you can read art books or consult and make payments for items on auction. Hong Kong = Reporter Kim Min

In the customer-only space, people could browse art books, see wine, handbags, watches, and real estate information up for auction, and there was also a work by Vincent van Gogh that was sold through a private sale rather than a public auction. “What I’m most excited about about our new headquarters is that we will be able to offer exhibitions, events and auctions all year round,” said Francis Belin, Christie’s Asia president. “It will serve as an arts hub that offers interesting programs such as education,” he said.

Christie’s is exhibiting expensive works such as Monet, Van Gogh, and Kim Hwan-ki at the opening auction with a third-party guarantee (a third party, not an auction house, guaranteeing the winning bid) that secures a buyer, and as it is a recession, it is focusing on blue chip works rather than contemporary artists, creating an atmosphere. I tried to float it.

René Magritte’s still life painting ‘La préméditation’ was exhibited at Christie’s Hong Kong’s ’20th/21st Century Art Evening Auction’ on the 26th. Photo Hong Kong = Reporter Kim Min.

Auction results include Monet’s ‘Water Lilies’ (200 million Hong Kong dollars, approximately 33.997 billion won), Van Gogh’s ‘An anchored ship’ (215 million Hong Kong dollars, approximately 36.547 billion won), and Kim Hwan-ki’s ‘9- ‘XII-71 #216′ (46 million Hong Kong dollars, approximately 7.8194 billion won) were both sold at the bottom of the estimated price without much competition, but Monet and Van Gogh recorded the highest price for an artist at an Asian auction. The total amount of winning bids at the ’20th/21st Century Art Evening Auction’ on this day was 1.04 billion Hong Kong dollars (about 175 billion won), similar to the second half of last year (1.05 billion Hong Kong dollars) and higher than the first half of this year (963 million Hong Kong dollars). It was high and the success rate was 93%.

President Belin said, “Auctions in the first half of the year may fall below previous years as there was a relocation project to Henderson in the second half, and customers also want to exhibit works at the new headquarters, but we expect better results in the second half of the year,” adding, “Luxury in October and Antiques in November.” “The auction has not yet announced the entries, but we are confident that we have secured an important collection,” he said.

Hong Kong = Reporter Kim Min [email protected]

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2024-10-01 04:30:25