"Picasso's 1944 Buste de Femme set his Asia record price, hammering for HK$196.75m (US$25.4m) after a protracted competition between two bidders. "I think what we've learned over the course of this year in an ever evolving market is the importance of presentation of pricing, of making sure we bring fresh property to the market," said Christie's chief executive Bonnie Brennan after the sale, "and the market tonight responded, you saw that very clearly.""
"The sale included Kusama's painting Pumpkin [TWAQN] and Zao's , respectively selling for HK$34.66 mln (US$4.475 mln) and HK$85.2 mln (US$11 mln). The Zao and Picasso works joined with May's sale of Jean-Michel Basquiat's Sabado por la Noche as the most valuable 20th and 21st Century sales in Asia this year."
"Christie's Asia Pacific head of 20th and 21st century art, Cristian Albu, described the sale's composition as "trying to tell a story, and trying to give respect to the region," with "chapters about Korean art, about Japanese art, about Asian art. But of course, we're trying to build bridges between the Western"
Christie's 20/21st Century Autumn sale in Hong Kong realized $72.6m, down 46% from the equivalent sale last year and similar to the March sale, coinciding with the first anniversary of Christie's Asia headquarters in Central's Henderson building. Picasso's 1944 Buste de Femme set an Asia record at HK$196.75m (US$25.4m) after competitive bidding. The sale drew remote bidders from across Asia, the US and Europe, reflecting cross-regional interest. Kusama's Pumpkin sold for HK$34.66m, Zao Wou-ki's work for HK$85.2m, and Walter Spies' Pagodenlandschaft fetched HK$26.1m. The sale emphasized presentation, fresh property and bridging Asian and Western art.
Read at The Art Newspaper - International art news and events
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