SG MAG AUG 2019 MAIN_1

Geographical distribution of the turnover for the top 20 artists in H1 2019
Artist Turnover New York London Beijing Hong Kong
1 Claude MONET (1840-1926) $251,165,100 67 % 31 % 0 % 1 %
2 Pablo PICASSO (1881-1973) $243,085,600 65 % 31 % 0 % 0 %
3 ZAO Wou-Ki (1921-2013) $155,827,800 0.1% 0 % 7 % 76 %
4 Andy WARHOL (1928-1987) $148,977,700 85 % 8 % 0 % 1 %
5 ZHANG Daqian (1899-1983) $110,686,700 1 % 3 % 42 % 53 %
6 Jeff KOONS (1955) $103,501,700 93 % 6 % 0 % 0.1%
7 Paul CÉZANNE (1839-1906) $98,418,200 71 % 29 % 0 % 0 %
8 WU Guanzhong (1919-2010) $95,895,200 1 % 0 % 47 % 52 %
9 Francis BACON (1909-1992) $93,626,300 69 % 30 % 0 % 0 %
10 Robert RAUSCHENBERG (1925-2008) $90,964,400 99 % 0 % 0 % 0 %
11 David HOCKNEY (1937) $88,956,700 26 % 72 % 0 % 0 %
12 Roy LICHTENSTEIN (1923-1997) $85,324,300 69 % 26 % 0 % 4 %
13 Amedeo MODIGLIANI (1884-1920) $85,051,900 71 % 28 % 0.1% 0 %
14 Mark ROTHKO (1903-1970) $79,994,500 100 % 0 % 0 % 0 %
15 René MAGRITTE (1898-1967) $76,110,700 4 % 84 % 0 % 9 %
16 KAWS (1974) $70,047,900 30 % 11 % 0 % 54 %
17 Jean-Michel BASQUIAT (1960-1988) $65,796,000 42 % 57 % 0 % 0.2%
18 Gerhard RICHTER (1932) $63,301,200 24 % 67 % 0 % 5 %
19 Yayoi KUSAMA (1929) $60,714,600 18 % 3 % 5 % 50 %
20 Marc CHAGALL (1887-1985) $56,071,000 46 % 37 % 0,2% 0 %
© Artprice.com
This was the case on 1 April for the American street artist Kaws, whose painting The Kaws album (2005) generated
a truly spectacular result at Sotheby’s Hong Kong by fetching $14.8 million, no less than 15 times its high estimate.
Kaws prices have been growing exponentially over the last two years, especially since his market has
attracted collectors from New York, London and Hong Kong.
The English sculptor Tony Cragg also reached a new and quite unexpected auction record in Hong Kong. His stainless
steel piece Untitled (2008) fetched close to $1 million on 27 May 2019 at Holly International. Founded in
1994 in Guangzhou, the Chinese auction house organized its first sales in Hong Kong in H1 2019. It joins the prestigious
Chinese operators, Poly and China Guardian, as well as the Korean company, Seoul Auction. The latter
hammered its best result of the first half in Hong Kong at $7.2 million for Le chant des sirènes (1953) by the Belgian
Surrealist René MAGRITTE.
At the same time, Hong Kong manages to attract the best of Chinese artistic creation. Zao Wou-Ki generated the
best H1 result for the entire Asian continent in Hong Kong; 53% of Zhang Daqian’s turnover was hammered
there, and lots of new new Contemporary Chinese painters have received market exposure in the city. On 1 April
2019, we saw a new auction record for HAO Liang (1983) at Sotheby’s in Hong Kong when his ink-on-silk paper
15