An amazing night at SBI auction house in Tokyo. Modern and Contemporary Art auction took place in the Tokyo-based house on Saturday, July 11th 2015, and achieved some remarkable results. Over 85 percent of lots offered were sold, which is an excellent result. Additionally, over 28 percent of all lots were sold over high estimate. It seems that pessimistic estimates did not realize, since the results are quite impressive.
As we already mentioned, a huge number of lots were sold over high estimate. But we should certainly mention the works by Motonaga Sadamasa that were sold for much higher prices than expected. For example, his Work from 2004 had +1050.4 percent difference between the hummer price and high estimate. Sadamasa’s Stone had +670.3 percent, while the artist’s 1. Flashing Red Square / 2. Chair had +320.1 percent. It seems that this amazing Japanese abstract painter is very popular in his native country.
Modern and Contemporary Art Auction at SBI saw some quite impressive results. Out of 365 lots offered, 313 were sold, or 85.8 percent. An impressive fact – 163 lots were sold over high estimate (44.7 percent of sold lots), while 143 were sold in range of estimated values (45.7 percent). On the other hand, only seven lots, or 2.2 percent, were sold under low estimate. The highest hammer price was seen in the sale of Domoto Hisao’s Untiled, sold for $260.553. Motonaga Sadamasa’s It Looks Like White Light Is Shining On The Red Background was sold for $122.134, while Shiraga Kazuo’s Work was sold for $89.565. The auction itself gathered $2.445.211.
Speaking of the most successful lots, we already mentioned the remarkable results of the Motonaga Sadamasa’s works. However, there were some amazing results as well. Takasaki Motonao’s Equipment had +699.9 percent; Matsutani Takesada’s Tie had +312.5 percent, while Moriuchi Keiko’s 1. 5 Macrocosms 2. Sound Of Hawking, 1 had +307.1 percent difference between hammer price and high estimate On the bottom is Akiyama Yutokutaishi’s Work, sold with -25.2 percent difference between hammer price and low estimate, followed by Kamatani Tetsutaro’s Simulation-Heel (with –19.9 percent) and Thomas Ruff’s 1. 1220 From Machines 2. 0946 From Machines (with -10 percent).
Please, scroll down, and you will find two tables – one with the summary of the SBI Art Auction – Modern and Contemporary Art Auction; the second one with detailed information on every lot auctioned at this auction.
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Andy Warhol - Liza Minnelli at Halston's House (Lot 37)
Sadamasa Motonaga - Work, detail (Lot 173)
Image in Slider:
Tatsuo Ikeda - Deko to Boko, detail (Lot 94)
Images courtesy of artnet.com.