Sotheby's Inc.

11/07/2018 | Press release | Distributed by Public on 11/07/2018 00:41

(English) Sotheby's HK Presents - BRUSHWORK III – ABSTRACT MASTERS (Nov 24)

Press Release

For Immediate Release

Hong Kong | Benedict Tsang/Vania Lam | +852 2822 8146/5509 | benedict.tsang/[email protected]

New York | Darrell Rocha |[email protected]| London | Rosamund Chester| [email protected]

THE BRUSHWORK SERIES RETURNS

SOTHEBY'S PRESENTS

BRUSHWORK III - ABSTRACT MASTERS

AN UNPRECEDENTED SURVEY OF ABSTRACT ART

Led by Zao Wou-Ki's 10.1.68

Created at the Pinnacle of Zao's Artistic Career in the 1960s

Also Featuring Works by Global Pioneers Including:

Barnett NewmanFranz Kline Sam FrancisJean-Paul Riopelle Park SeoboHa ChonghyunMorita ShiryuChristine Ay Tjoe

Auction: 2:30pm, 24 November Public Preview: 21-24 November

Sotheby's Hong Kong Gallery (5/F, One Pacific Place)

Hong Kong, 7 November 2018 Continuing on the phenomenal success of the first two 'white- glove' Brushwork sales, Sotheby's is proud to present Brushwork III - Abstract Masters, the largest and most ambitious iteration of the series. The sale explores the diverse artistic language of abstraction developed since 1945, offering an expanded selection of ground-breaking artistic creations from over 70 years by abstract masters around the world. Offering approximately 40 lots estimated in excess of HK$130 million / US$16.7 million*, Brushwork III is the highest-estimated sale held at Sotheby's Hong Kong Gallery.

Brushwork III is grounded in the powerful juxtaposition of works by Chinese masters including Zao Wou-Ki, Chu Teh-Chun and Wu Dayu, as well as headlining works by such Western artists as Barnett Newman, Sam Francis, Jean-Paul Riopelle and Franz Kline. Adding to the conversation are representative works by global pioneers, including Yu Youhan, Walasse Ting, Park Seobo, Ha Chonghyun, Shiraga Kazuo, Shimamoto Shozo, Morita Shiryu, and Christine Ay Tjoe.

"In 2016, Sotheby's Hong Kong pioneered the Brushwork series, drawing the attention of Asian collectors to the global stage of abstract art. This November, we are thrilled to build on this success to present Brushwork III - Abstract Masters, the largest edition of the series which responds to the growing interest and appreciation for abstract art by Asian collectors," said Yuki Terase, Sotheby's Head of Contemporary Art, Asia. "The calibre of the line-up is extraordinary - totally unprecedented in Asia."

Jacky Ho, Specialist of Sotheby's Contemporary Art Department in charge of the sale, adds: "Brushwork III delves into the roots of abstraction and examines its influence on the present day. The sale represents a global survey of abstraction, showcasing works created from the watershed year of 1945 up to the present - encompassing not only seminal works by eminent masters, but also highly accomplished pieces by young artists created in the last decade, a testament to the potential of divergent languages of abstraction that continues to flourish today."

SALE DETAILS

Auction: 2:30pm, 24 November (Saturday)

Public Preview: 21-24 November Wed, 21 Nov 18 | 10:00 am - 7:00 pm Thu, 22 Nov 18 | 10:00 am - 6:00 pm Fri, 23 Nov 18 | 10:00 am - 5:00 pm Sat, 24 Nov 18 | 10:00 am - 2:30 pm 2

AUCTION HIGHLIGHTS

Images(Dropbox / Baidu)

Zao Wou-Ki, 10.1.68 1968, oil on canvas, 82 by 117 cm

Estimate upon request

Chu Teh-chun, No. 144 1963, oil on canvas, 147 by 97.5 cm

Est. HK$10 - 15 million / US$1.28 - 1.92 millionJean-Paul Riopelle, Untitled 1960, oil on canvas, 91 by 110.5 cm

Est. HK$2.8 - 4.5 million / US$357,000 - 575,000

AUCTION DEBUT IN ASIA

Barnett Newman, Untitled 1945, brush and watercolour on paper, 55.9 by 38.7 cm

Est. HK$6.2 - 8.2 million / US$795,000 - 1.05 millionSam Francis, Speck 1964, acrylic on paper, 56.8 by 76 cm

Est. HK$650,000 - 950,000 /

US$83,000 - 122,000

Dragon Knows Dragon 1964, aluminum flake pigment in PVA glue medium, lacquer on paper laid on folding screen, 112.3 by 222.6 cm

Morita Shiryu, Ryū wa Ryū o Shiru -

Est. HK$1.5 - 2.5 million / US$192,000 - 319,000

Ha Chonghyun, Conjunction 77-12 1977, oil on hemp cloth, 160.1 by 120.1 cm Est. HK$1 - 1.5 million / US$128,000 - 192,000

Park Seobo, Ecriture No. 71-74 1974, pencil and oil on canvas, 193.8 by 259.5 cm Est. HK$7 - 9 million / US$ 895,000 - 1,150,000

NOTES TO EDITORS:

I) SOTHEBY'S BRUSHWORK SERIES (2016 & 2017)

  • Both sales 100% sold

  • The two sales set 7 artist records for 6 major artists

April 2016: Brushwork - From Asia to the World

  • All 20 lots sold for HK$62.5 million / US$8 million

  • Artist records: Morita Shiryu, Teshigahara Sofu, Quac Insik

April 2017: Brushwork II - All the World's A Stage

  • All 25 works sold for HK$90 million / US$11.5 million

  • Artist records: Shimamoto Shozo, Motonaga Sadamasa, Tanaka Atsuko, Morita Shiryu

II) UPCOMING EVENTS AT SOTHEBY'S HONG KONG (Schedule is subject to change)

DATE

EVENT

Now till 17 November

Selling Exhibition

Flowers of Evil: Peng Kang-Long

24 November

Auction

Brushwork III: Abstract Masters

26 November - 6 December

Online-only Auction

Watches Online

29 November

Auction

Chinese Works of Art from the Collection of Emil Hultmark

29 November

Auction

Chinese Art

Venue: Sotheby's Hong Kong Gallery, 5/F, One Pacific Place, Admiralty

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Sotheby's has been uniting collectors with world-class works of art since 1744. Sotheby's became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in 11 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art financing company, as well as the collection, artist, estate & foundation advisory services of its subsidiary, Art Agency, Partners. Sotheby's presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and three retail businesses: Sotheby's Wine, Sotheby's Diamonds, and Viyet, the online marketplace for interior design. Sotheby's has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

*Estimates do not include buyer's premium. Prices achieved include the hammer price plus buyer's premium and are net of any fees paid to the purchaser where the purchaser provided an irrevocable bid.

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