In the midst of market and currency turbulence, which will no doubt be sucking liquidity out of the art and passion investment market, an early test of collectors resilience will come next week in Hong Kong.
Global auction house Bonhams is to showcase highlights from the forthcoming London sales at its Hong Kong headquarters. Among the pieces on show will be two will rare works that could entice serious Asian based collectors.
Works on view will include:
Andy Warhol's Fourteen Small Electric Chairs; this piece has an estimate price of $5.8 million to $8.7 million. It is a monumental and luminous canvas which represents the best from the two most celebrated series of Warhol's entire output: «Death & Disasters and Reversals», a body of work from the early 1980s in which he revisited some of his iconic images from earlier decades.
«Untitled (Red Fan)» by Kazuo Shiraga; estimate $2.1 million - $2.9 million. This work dates from 1964 when the Japanese artist was at the height of his powers. A leading member of the ZERO group in the early 1950s and later the Gutai School of artists, Shiraga's work conveys a deep spirituality that reflects his interest in Buddhism. It is now the first sculpture by Shiraga ever to be offered at auction.
Wonderful Selection
«It's a great pleasure to welcome this wonderful selection of master works from forthcoming London sales to Hong Kong showing the breadth of Bonhams international reach», said Bonhams Director of Fine Arts Asia, Magnus Renfrew.
These works will be offered in the Contemporary and Modern art sale in London on 11 February.
