Phillips announced that its May ‘20th Century & Contemporary Art & Design’ auction, held at the JW Marriott in Hong Kong at 6 p.m. on the 26th (local time), realized total sales of HK$240 million (approximately KRW 36.23 billion).

The top lot of the day was Ailleurs (1955) by Zao Wou-Ki (1921-2013), the Chinese-born artist who worked in France, which sold for HK$52,040,000 (approximately KRW 7.86 billion).

Seven works by Korean artists were offered in the sale, of which five were sold. Among them, Line (1983, 38 x 45.5 cm) by Lee Ufan, estimated at HK$450,000–650,000, achieved HK$687,500 (approximately KRW 103.79 million).

Lee Kun-Yong’s Bodyscape 76-1-2019, recently gaining popularity in domestic and international auctions, sold for HK$687,500 (approximately KRW 33.96 million).


Kim Taek Sang, Breathing Light - Camellia Flower, 2016-2019 © Kim Taek Sang

Nam Chun-Mo’s Spring 2017 / 17-106 (115 x 100 cm) sold for HK$150,000 (approximately KRW 22.65 million), and Kim Taek Sang’s Breathing Light - Camellia Flower (2016-2019, 133.3 x 135.5 cm), estimated at HK$120,000–240,000, achieved HK$275,000 (approximately KRW 41.52 million).

Kim Sussu’s Two Works: (i) Untitled; (ii) Untitled (2018), an abstract pair consisting of red and blue paintings, attracted attention by selling for HK$150,000 (approximately KRW 22.65 million) against an estimate of HK$30,000–50,000. The emerging artist held her first solo exhibition at the Chosun Ilbo Art Museum last January and is the grand prize winner of the 2018 Korea Fine Arts Grand Exhibition.

Phillips is considered one of the world’s three major auction houses alongside Sotheby’s and Christie’s. Founded in 1976 by Harry Phillips, it focuses on modern and contemporary art and design. Known particularly for vintage watch auctions, the company is headquartered in London and conducts sales in nine cities including New York, Hong Kong, Geneva, Moscow, and Paris. After establishing its Asian headquarters in Hong Kong in 2015, Phillips officially opened its Korean office in Hannam-dong, Seoul, in April last year, expanding its presence in the Asian art market.

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