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.
This sale underscores Phillips' growing presence and success in the Asian art market, a region increasingly vital for global auction houses. The strong performance of both international and Asian artists, along with the record of a previously unseen Zao Wou-Ki work, highlights the deepening collector interest in cross-cultural modern and contemporary art. The anniversary auction signals Phillips' commitment to Asia as a key strategic market for future growth.