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Tuesday, September 30, 2025 |
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Picasso achieves HK$197 million breaking artist's Asia auction record at Christie's Hong Kong Evening Sale |
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Rahul Kadakia, Christie's newly appointed President, Asia Pacific, auctioning Pablo Picasso's Buste de femme for HK$96,750,000 / US$12,409,419 during the 20th / 21st Century Evening Sale in Hong Kong.
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HONG KONG.- Christie's marked its first anniversary at The Henderson in Hong Kong with the 20th/21st Century Evening Sale on 26 September, which totalled HK$565,649,000 / US$73,038,183. Pablo Picasso's Buste de femme sold for HK$196,750,000 / US$25,404,911 to a client on the telephone after over 15 minutes of intense bidding, achieving the auction record for the artist in Asia, and Zao Wou-Ki's 17.3.63 achieved HK$85,200,000 / US$11,001,263. Combined with the Basquiat sold in March 2025, Christie's has now sold the top three most valuable works so far this year in Asia. The diverse selection engaged the market, 92% of all lots sold and the overall hammer price was 116% above the low estimate.
Ada Tsui, Head of Evening Sale, 20th/21st Century Art, Christie's Asia Pacific commented: We wanted to present quality, fresh, and diverse artworks to the Asia market this season and we did that tonight. I am especially thrilled with the results of the record-breaking Picasso and the Zao Wou-ki. Thanks to our exceptional team and our beautiful space at The Henderson, we are connecting collectors with blue-chip works in Asia like nowhere else. Strong bidding demonstrates our ability to price fairly and works by Chinese, Southeast Asian, Korean and Japanese artists were all 100% sold. We look forward to continuing this momentum in our Day Sales tomorrow.
As Christie's reaches the first anniversary of its move to The Henderson, we celebrate a year of milestones and achievements with a three-month series of Autumn Auctions:
26 & 27 September 2025: 20th/21st Century Evening Sale; 20th & 21st Century Day Sales
28-30 October & 3 November 2025: Hong Kong Asian Art Week
28-29 October | Chinese Paintings
30 October | Chinese Ceramics and Works of Art
3 November | Indian, Himalayan and Southeast Asian Art
21-22 & 24-27 November 2025: Luxury Marquee Week
21-22 November | Wine
24 November | Handbags & Accessories
25 November | Jewellery
26-27 November | Watches
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