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Phillips' Priority Bidding drives 100% sell-through at Hong Kong evening sale, totalling US$20.5m

Phillips achieved a 100% sell-through rate at its Modern and Contemporary Art Evening Sale in Hong Kong on 27 September, totaling nearly HK$160 million (US$20.5 million). All 20 lots sold, with six works exceeding HK$10 million. The top lot was Yoshitomo Nara's *Pinky* (2000), which sold for HK$56.64 million (US$7.2 million) after its estimate was lowered from HK$60–80 million to HK$35–55 million. The sale was the first major test of Phillips' new Priority Bidding (PB) system, which offers a reduced buyer's premium to collectors who place written bids at or above the low estimate at least 48 hours before the auction. Seven lots were withdrawn and several estimates revised downward ahead of the sale, contributing to the white-glove result.

Alexander James Dissects Painting’s Most Enduring Shape in Hong Kong Exhibition

British artist Alexander James presents *Dissecting the Square*, a new exhibition at Phillips Gallery in Hong Kong, running until 31 May 2026. The show features a series of paintings, sculptures, and installations that explore the square as a geometric form, inspired by a moment when sunlight dissected an empty canvas in his studio. James divides canvases into quadrants, creating works that balance order and disruption. The exhibition also includes Josef Albers’ *Homage to the Square: In Time* (1967) and a sculpture by Sean Scully, placing James’s practice in dialogue with art historical precedents.

Hong Kong Marquee Art Sales Total $164.9 M., Up 18 Percent From Equivalent 2025 Auctions

Christie's, Phillips, and Sotheby's spring marquee auctions in Hong Kong generated a combined $164.9 million, an 18% increase from the equivalent sales in spring 2025. The auctions, strategically timed to coincide with Art Basel Hong Kong, saw strong demand for trophy works, with Christie's leading the season at $83.8 million. Key sales included a Gerhard Richter painting for $11.77 million and a Sanyu work for $8.17 million, while Sotheby's sold a Joan Mitchell painting for $17.6 million, the season's top lot.

Drawing attention

Collector Patricia Poon and artist Angel Hui are among the figures highlighted in a series examining how Hong Kong women artists are gaining market share and recognition. The article reports that major auction houses Christie's, Sotheby's, and Phillips have moved their Asia headquarters to Hong Kong and now employ young women in key auctioneering roles. It notes a sharp increase in women artists featured in Chinese auctions, from 79 in 2019 to 231 in 2024, with 201 of those in Hong Kong. Works by artists like Firenze Lai, Elaine Chiu, and Kristy M Chan have performed strongly at auction, and Phillips has made promoting Hong Kong women artists a key priority.

Hong Kong’s latest art auctions see turnover lingering at 8-year low

Hong Kong's major auction houses—Christie's, Phillips, and Sotheby's—held their seasonal modern and contemporary art evening sales over the past weekend, with total turnover lingering at an eight-year low. Despite the overall downturn, a handful of records and last-minute withdrawals improved the success ratio, and several lots drew vigorous bidding, such as Salvo's "Mattino di primavera (Spring Morning)" which sold for HK$4 million (five times its low estimate) and Firenze Lai's "Basic Knot" which fetched HK$477,300 (nearly four times its low estimate).

Phillips Hosts Landmark Hong Kong Auction To Celebrate 10 Years in Asia

Phillips celebrated its 10th anniversary in Asia with a landmark auction in Hong Kong on September 27 and 28, featuring a wide range of modern and contemporary art. The sale generated $28 million across evening and day auctions, with top lots including Yoshitomo Nara's "Pinky" ($7.2 million), Zao Wou-Ki's "27.01.86" ($3.83 million), and Tom Wesselman's "Smoker #17" ($1.8 million). The auction also included works by Andy Warhol, Takashi Murakami, Yayoi Kusama, and others, with a public preview held from September 22 to 28 at Phillips' West Kowloon galleries.

Liu Dan’s Chinese ink art with Western influences on show in Hong Kong

Leading contemporary Chinese ink artist Liu Dan is holding his largest solo show to date at Phillips’ space in Hong Kong’s West Kowloon Cultural District. The selling exhibition, titled “Liu Dan: Morphogenesis,” features 26 Chinese ink and watercolour works created over four decades, with a focus on Taihu stone—a perforated limestone from Suzhou that has long inspired Chinese scholars. The centerpiece is “Taihu Rock aka ‘Yu Ling Long’ (from Yu Garden, Shanghai) (2024),” priced at HK$10 million (US$1.3 million), the highest in the show. The exhibition runs until May 12.

Across the Major Houses, Hong Kong’s March Sales Confirm a New Collecting Maturity

Hong Kong's major auction houses—Christie's, Sotheby's, and Phillips—concluded their March sales series with strong results, demonstrating resilience in the Asian art market. The sales were characterized by a high sell-through rate, robust bidding, and a notable shift towards collecting driven by deep knowledge and passion rather than pure speculation.