New Records at Sotheby’s in HK
Sotheby’s 40th anniversary in Asia elevated to a record breaking event leading with Zeng Fanzhi’s “The Last Supper” from 2001. It fetched a price of USD 23.3 million which was double the estimate. The telephone bidding was tense and lasted for 15 minutes. In Zheng’s work, the religious figures have been replaced by young communists with red neckties. The figure replacing Judas wears a western style yellow tie – symbolising China’s move toward capitalism, explained by Sotheby’s head of contemporary Asian Art.
Last weekend sales reflected increasing demand and the highest quality of works available. Collectors from all over the world joined the bidding process. Other artists wants to be mentioned in the same breath as Zeng Fanzhi and Zhang Xiaogang as a symbol of how strong they are on the global stage.
Zao Wou Ki, who died last April, also set a new record of Usd 11 million. Other records were for artists like Juan Luna (Philippines), Pan Yuling (China, female), Rudi Mantofani (Indonesia) and Chen Wen His (Singapore). Christie’s Fall auction is scheduled for end November.