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Sotheby’s – Boundless: Contemporary Art Auction Analysis

  • Sotheby’s – Boundless: Contemporary Art Auction Analysis
  • Sotheby’s – Boundless: Contemporary Art Auction Analysis
June 12, 2015

Boundless: Contemporary Art Auction took place at Sotheby’s in Honk Kong, with amazing Eastern and Western contemporary works, and with iconic design furniture of the 20th century. Apart from presenting some great art, the auction was quite successful as well, with 81.9 percent of lots being sold, gathering more money than it was the sum of high estimates for sold items. The biggest hummer price had Keith Haring’s Untitled.

Keith Haring – People and Their Symbols

Keith Haring was a famous American artist and social activist who died in 1990. He left behind amazing art, while his imagery has become a widely recognized visual language of the 20th century. Being interested in themes such as death, sexuality, and war, he has always been intrigued by symbols that people use. Haring believed that all people use similar patterns of symbols, despite existing differences in languages and cultures. He was fascinated how people choose simple forms and shapes as their symbols to create a language. Therefore, it’s not surprising that he often used simple forms and shapes in his art, in order to represent all the complexities of humans’ world expressed through symbols.

  • Sotheby’s – Boundless: Contemporary Art Auction Analysis

The Overview of Sotheby’s – Boundless: Contemporary Art Auction

As already mentioned, Sotheby’s – Boundless: Contemporary Art Auction can be seen as a successful one, with 86 lots sold, or 81.9 percent of total number of lots offered at the auction. Thirty-three lots, or 31.4 percent were sold for a price larger than the high estimate, as opposed to 19 lots, or 22.1 percent, sold under the low estimate. Most of the lots, precisely 34, were sold in the range of estimated values. The highest hammer price was seen in the sale of previously mentioned Keith Haring’s Untitled, which was sold for $ 438,539. The average hammer price of these 86 sold lots was at $ 50,116. Hammer price median was $ 19,347, while the difference between average hammer price and median was -61.4 percent.

The second highest hammer price was seen in the sale of lot 1019 – Zao Wou-Ki’s 14.01.69 which was sold for $ 412,742. Keith Haring’s Dog was sold for $ 335,353. Speaking about the most successful lots, already mentioned Keith Haring’s Dog is a winner. It was sold with +246.7 percent difference between hammer price and high estimate, followed by Yuan Yuan’s Blue Iv and Yayoi Kusama’s Shoe, who achieved +185.7 and +128.6 percent difference. On the other hand, Shigeru Uchida’s Table Lamp and Daido Moriyama’s Yokosuka had two worst results, with -50.1 and -42.9 percent difference between hammer price and low estimate, respectively.

Sotheby’s – Boundless: Contemporary Art Auction Analysis
T’ang Haywen – Untitled (Lot 1015). Estimated at $12,898-$19,347; sold for $41,274
Sotheby’s – Boundless: Contemporary Art Auction Analysis
Lucio Fontana – Concetto Spaziale, Natura (Lot 1028). Estimated at $51,593-$77,389; sold for $141,880
Sotheby’s – Boundless: Contemporary Art Auction Analysis
Left: Andy Warhol – Mick Jagger (F&S II 138) (Lot 1034). Estimated at $29,666-$36,115; sold for $33,535 / Right: Keith Haring – Dog (Lot 1050). Estimated at $70,940-$96,737; sold for $335,353
Daido Moriyama - Stray Dog (Lot 1008). Estimated at $9,029-$11,608; sold for $10,963
Daido Moriyama – Stray Dog (Lot 1008). Estimated at $9,029-$11,608; sold for $10,963
Sotheby’s – Boundless: Contemporary Art Auction Analysis
Keith Haring – Untitled (Lot 1051). Estimated at $128,982-$193,473; sold for $438,
  • Sotheby’s – Boundless: Contemporary Art Auction Analysis

Sotheby’s – Boundless: Contemporary Art Auction in Details

Below you will find two tables with the summary of the Sotheby’s – Boundless: Contemporary Art auction and detailed information on every lot auctioned at this auction.

Total number of lots:105
Number of sold lots:86
Sold lots [%]:81.9
Total [$]:4,309,996
Number of sold lots over high estimate:33
Over high estimate (Total) [%]:31.4
Over high estimate (Sold) [%]:38.4
Number of sold lots in range of estimated values:34
In range of estimated values (Sold) [%]:39.5
Number of sold lots under low estimate:19
Under low estimate (Sold) [%]:22.1
Results were under estimate spread of [%]:27.7
Max Hammer [$]:438,539
Average Hammer [$]:50,116
Median Hammer [$]:19,347
Median Hammer Average Hammer Difference [%]:-61.4
Lot No.Artist NameArtwork NameLow Estimate $High Estimate $Hammer Price $Hammer High Estimate Difference [%]Hammer Low Estimate Difference [%]
1001Yoshitomo NaraMori Girl7,73910,31915,47850100
1002Yoshitomo NaraSo What?25,79638,69545,14416.775
1003Yayoi KusamaAn Evening Glow19,34725,79628,3761046.7
1004Eriko HorikiA Pair Of Washi Paper Lamps Fuku3,2254,5143,611-2012
1005Yayoi KusamaShoe6,4499,02920,637128.6220
1006Yayoi KusamaSky Of Night19,34725,79621,927-1513.3
1007Daido MoriyamaYokosuka9,02911,6085,159-55.6-42.9
1008Daido MoriyamaStray Dog9,02911,60810,963-5.621.4
1009Daido MoriyamaTights In Shimotakaido (How To Create A Beautiful Picture No. 6)9,02911,6087,739-33.3-14.3
1010Yayoi KusamaButterfly Village7,73912,89812,898066.7
1011Yayoi KusamaPumpkin90,287128,982167,6773085.7
1012Yayoi KusamaRevelation From Heaven64,49190,287193,473114.3200
1013Sadamasa MotonagaSakuhin (Oeuvre)25,79638,69524,507-36.7-5
1014T'Ang Haywen (Zeng Haiwen)Untitled12,89819,34741,274113.3220
1015T'Ang Haywen (Zeng Haiwen)Untitled (Diptych)12,89819,34741,274113.3220
1016Shigeru UchidaTable Lamp6451,032322-68.8-50.1
1017Chu Teh-Chun (Zhu Dequn)No.19351,59377,389Not SoldNot SoldNot Sold
1018Chao Chung-Hsiang (Zhao Chunxiang)Untitled64,49190,28764,491-28.60
1019Zao Wou-Ki (Zhao Wuji)14.01.69412,742541,724412,742-23.80
1020Zao Wou-Ki (Zhao Wuji)Untitled25,79638,69545,14416.775
1021Henri MichauxUntitled19,34725,796Not SoldNot SoldNot Sold
1022Zao Wou-Ki & Henri MichauxAnnonciation Et Moments - 2 Poems By Henri Michaux Paris: Les Bibliophiles De L'Automobile Club De France, 19963,8695,159Not SoldNot SoldNot Sold
1023Zao Wou-Ki (Zhao Wuji)Untitled51,59377,389Not SoldNot SoldNot Sold
1024Chu Teh-Chun (Zhu Dequn)Sombre Dans L'Obscurité (Dark In The Darkness)193,473257,964193,473-250
1025Zao Wou-Ki (Zhao Wuji)Untitled64,49177,389Not SoldNot SoldNot Sold
1026Sam FrancisUntitled  (Sf90-342)60,62270,94060,622-14.50
1027Georges MathieuAstrée51,59364,49151,593-200
1028Lucio FontanaConcetto Spaziale, Natura (Two Works)51,59377,389141,88083.3175
1029Tom DixonSpiral Light2,5803,2253,354430
1030Yuan YuanBlue Iv28,37636,115103,186185.7263.6
1031Zhan WangArtificial Rock257,964386,946245,066-36.7-5
1032Marc QuinnThe Architecture Of Nature128,982193,473128,982-33.30
1033Vik MunizReversal Grey Marilyn (From Pictures Of Diamond Dust)61,91179,96959,332-25.8-4.2
1034Andy WarholMick Jagger (F&S Ii 138)29,66636,11533,535-7.113
1035Richard PrinceUntitled Girlfriend (Jerry'S Girl)9,02911,608Not SoldNot SoldNot Sold
1036Vik MunizSelf-Portrait (Golden Boy)19,34729,666Not SoldNot SoldNot Sold
1037David LachapelleA Taste Of Power18,05725,79618,057-300
1038Jeff KoonsBalloon Venus Dom Pérignon19,34725,79641,27460113.3
1039Takashi MurakamiLouis Vuitton Monogram Multicolore - White6,4499,0296,191-31.4-4
1040Takashi MurakamiLouis Vuitton Monogram Multicolore - Green6,4499,029Not SoldNot SoldNot Sold
1041Andy WarholAds Series: Life Savers (F&S Ii 353)36,11545,14436,115-200
1042Andy WarholCampbell'S Soup Ii: Old Fashioned Vegetable (F&S Ii 54)12,89819,34718,057-6.740
1043Andy WarholSofu Teshigahara (Two Works)386,946515,928296,659-42.5-23.3
1044Roy LichtensteinStill Life With Picasso, From Hommage À Picasso (C. 127; G. 564)18,05725,79618,057-300
1045Andy WarholStill Life With Purple Bird28,37636,11528,376-21.40
1046Andy WarholAds Series: Mobil (F&S Ii 350)20,63728,37624,507-13.618.8
1047Andy WarholForm Ads Series: Volkswagen (F&S Ii 358)20,63728,37625,796-9.125
1048Andy WarholMao (F&S Ii 93)25,79632,24633,535430
1049Jean-Michel BasquiatUntitled (Per Capita)20,63728,37628,376037.5
1050Keith HaringDog70,94096,737335,353246.7372.7
1051Keith HaringUntitled128,982193,473438,539126.7240
1052Tsang Tsou Choi (King Of Kowloon)Calligraphy25,79638,69538,695050
1053Tsang Tsou Choi (King Of Kowloon)Calligraphy12,89819,34718,057-6.740
1056Yoshitomo NaraSleepless Night Sitting15,47823,21741,27477.8166.7
1057Yoshitomo NaraUntitled (Good Bye)7,73910,31912,8982566.7
1058InvaderWhite Fantom Eat'Em 115,47823,21736,11555.6133.3
1060FaileStrange Encounter9031,161645-44.4-28.6
1062KawsA: Chum Vs Astroboy; B: Companion Vs Astroboy C: Companion Vs Pikachu (Three Works)7,73910,31918,05775133.3
1063Fernando And Humberto CampanaSushi Chair Iii25,79632,246Not SoldNot SoldNot Sold
1064Zhou WendouFragile State - Pink2,5805,1592,580-500
1065Zhou WendouFragile State - White2,5805,159Not SoldNot SoldNot Sold
1066Zhou WendouFragile State - Yellow2,5805,159Not SoldNot SoldNot Sold
1067Hiroyuki MatsuuraSupersonic Gravity25,79638,69519,347-50-25
1068FaileStories Of Love9,02911,6088,384-27.8-7.1
1069FaileTrue Love Story9,02911,6088,384-27.8-7.1
1070KawsBorn To Bend (Bendy And Gumby)38,69564,49154,172-1640
1071Marc NewsonSuper Guppy Lamp3,2253,8696,1916092
1072Yang YongliangPeach Blossom Colony - Lonely Angler12,89819,34714,188-26.710
1073Christo And Jeanne-ClaudeOver The River (Project For Arkansas River, Colorado)19,34725,796Not SoldNot SoldNot Sold
1074Wang TiandeDigital Series No.05-N1715,47823,21715,478-33.30
1075Zhan WangArtificial Rock15,47823,217Not SoldNot SoldNot Sold
1076Liu WeiBusiness Man51,59377,389Not SoldNot SoldNot Sold
1077Jenny HolzerIf You Aren'T Political, Your Personal Life Should Be Exemplary7,73911,60823,217100200
1078Roni HornUntitled6,4499,0296,449-28.60
1079Ai WeiweiTea Brick10,31915,478Not SoldNot SoldNot Sold
1080Roger TallonHelicoid Staircase - M 40012,89819,34724,50726.790
1081Bernard BuffetL'Antichambre Et La Chaise Longue (The Antechamber And Lounge Chair)77,389103,186167,67762.5116.7
1082Yayoi KusamaA Field15,47823,21715,478-33.30
1083Pablo PicassoBlue Fish (Ramié 180)7,0949,6749,674036.4
1084Pablo PicassoGoat'S Head In Profile (Ramié 112)4,5145,8045,804028.6
1085Sanyu (Chang Yu)Woman With Red Earrings12,89819,34720,6376.760
1086Sanyu (Chang Yu)Standing Nude With Arm And Leg Raised7,73910,3198,384-18.88.3
1087Sanyu (Chang Yu)Woman With Blue Pad12,89819,34725,79633.3100
1088Sanyu (Chang Yu)Nude With Raised Arm7,73910,31914,18837.583.3
1089Walasse Ting (Ding Xiongquan)Woman With Flowers7,73910,319Not SoldNot SoldNot Sold
1090Walasse Ting (Ding Xiongquan)Woman With A Hat10,31915,478Not SoldNot SoldNot Sold
1091Damien HirstBeautiful Heart Beats Spin Chair10,31912,89819,3475087.5
1092Katrin FridriksDreamliner 110,31915,47820,63733.3100
1093Agostino BonalumiGrigio/Verde (Grey/Green)126,402154,778Not SoldNot SoldNot Sold
1094Ho Kan (Huo Gang)Untitled3,2253,8696,44966.7100
1095Ho Kan (Huo Gang)Attesa (Waiting)3,2253,8695,8045080
1096Hsiao Chin (Xiao Qin)Tension-Xi15,47823,21733,53544.4116.7
1097Angelo MangiarottiA Pair Of Sfera Table Light6451,032774-2520
1098Hsiao Chin (Xiao Qin)Untitled3,2254,5145,80428.680
1099Angelo MangiarottiEros Guéridon (Eros Side Table); Sorella Table Lamp; Cup; Bowl (Four Works)4,5146,4492,838-56-37.1
1100Hsiao Chin (Xiao Qin)Sky Line - 3312,89819,34712,898-33.30
1101Zao Wou-Ki (Zhao Wuji)Ville Engloutie (Sunken City)7,73910,3196,449-37.5-16.7
1102Nam KwanTrès Ancien (5)10,31915,4789,029-41.7-12.5
1103Chu Teh-Chun (Zhu Dequn)Untitled5,1597,7394,901-36.7-5
1104Lee Ung-NoComposition6,4499,029Not SoldNot SoldNot Sold
1105Kim Tschang-YeulPb 01100612,89819,34719,347050
1106Elizabeth Garouste And Mattia BonettiLampe Lune (Moon Light)1,9353,2251,419-56-26.7
1107Elizabeth Garouste And Mattia BonettiLampe Napoli (Napoli Lamp)1,9353,2251,419-56-26.7
1108Charles And Ray Eames50Th Anniversary Limited Edition Fsw-6 Screen7,73910,3198,384-18.88.3
TOTAL (Sold lots):2,997,1554,157,0894,309,9963.743.8

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Featured Images:

Zao Wou-Ki – Untitled (Lot 1020) [detail]

Marc Quinn – The Architecture of Nature (Lot 1032)

Image in Slider:

Yayoi Kusama – Pumpkin (Lot 1011) [detail]

All images courtesy of Sotheby’s.