Zao Wuo-Ki, Foret de Bambou, 1954 sold for $743,590 US.
Foret de Bambou by Zao Wou-Ki was the top lot at Sotheby’s Boundless contemporary art sale in Hong Kong on January 23. It made $743,590 US. The sale of Western and Asian contemporary art achieved $4.45 million US and over 65% of lots sold above the high estimate.
The auction house said the market responded enthusiastically to a diverse mix of work ranging from design pieces and light installations to sculpture and paintings. Western works by Anselm Kiefer, Marc Quinn and Georges Mathieu were well received by collectors in Asia and ranked among the top ten. Sotheby’s reported that 93.6% of works were sold by lot and 96.1% by value and commented on the rising taste for contemporary western and Asian art in Asia.