At its Spring 2017 sale over the weekend, global auction house Sotheby's broke new ground.
The top lot of the evening was as expected Andy Warhol’s Mao which sold for 98.5 million Hong Kong dollars to an Asian Collector. The price was an auction record for any western contemporary art sold in Asia.
finews.asia recently featured the Warhol piece which toured the region drumming up interest.
Sold to an Unnamed Asian Private Collector
«We are very pleased with tonight’s robust results with an international participation from close to 20 countries. There was strong interest among Asian buyers across the four categories of paintings on offer including for our top lot, Mao by the American pop art master Andy Warhol which sold to an unnamed Asian private collector,» said Patti Wong, Chairman of Sotheby’s Asia.
«The encouraging result is further evidence of Hong Kong’s role in the global market of Contemporary Art, and we look forward to enhancing our future offerings of Western Contemporary Art in Asia,» Wong added.
