What Sold at Art Basel Hong Kong 2024 https://ift.tt/PwZUF6X

The 11th edition of Art Basel Hong Kong marked a triumphant return for the fair, emerging from a period of scaled-down operations in response to COVID-19. The fair welcomed 242 exhibitors—up from 177 last year—with 69 galleries returning after a hiatus and 23 first-timers. The atmosphere carried a palpable sense of optimism over its two VIP days and three public days, especially among the locals, who reveled in the fair’s full-scale return.

“This edition reflected the city itself to the world: utterly alive and teeming with energy, a meeting place of tradition and the avant-garde, a port of cultures and an essential bridge in the evolving art landscape across regions,” said Angelle Siyang-Le, director of Art Basel Hong Kong. “Art Basel Hong Kong continues to be a vital anchor in Asia’s ever-growing local art scenes and a key moment in the global art trade calendar.”

Despite the fair’s success in terms of size, fair attendance was down: Art Basel Hong Kong reported 75,000 visitors in attendance this year, compared to 86,000 in 2023. The VIP days were noticeably less crowded compared to previous editions, which provided a more leisurely experience for attendees, though it induced a sense of anxiety among dealers. The sales pace at Art Basel Hong Kong has historically relied heavily on pre-sales to existing clients to mitigate risks associated with transportation and unsold inventory. Still, momentum gradually built up this year after relatively muted first-day sales, with transactions occurring through the end of the fair.

The geographical makeup of attendees at this year’s fair also diverged from the norm, with notably fewer American and European collectors and advisors on site, yet a stronger presence from Australia. Chinese collectors were present in significant numbers; however, feedback from dealers suggested a cautious approach to purchasing, which can be attributed to the Chinese government’s recent efforts to impose tighter controls on capital outflow. Meanwhile, a significant number of Korean collectors were in attendance and appeared to be among the most active groups when it came to purchasing.

Écriture No. 040424, 2004
Park Seo-Bo
Kukje Gallery

Prominent artists from the Asia-Pacific region and its diaspora were at the forefront of the fair’s offerings, with notable works available by Rirkrit Tiravanija, Haegue Yang, Lee Bul, Kim Yun Shin, Zhang Enli, Yayoi Kusama, and Christine Ay Tjoe, among many others.

While the immediate outcome may not have been a windfall—similar to most fairs over the last couple of years—the broader successes include the solo presentations of emerging talent from the 22 galleries in the Discoveries section, the increased visibility of Hong Kong’s art scene and the Asian art market, and the return to the pre-pandemic size for the Basel fair.

Here, we share a rundown of the top reported sales at Art Basel Hong Kong 2024.

Top sales at Art Basel Hong Kong

Hauser & Wirth logged the most expensive reported sale on the first VIP day of the fair, with Willem de Kooning’s Untitled III (1986), which sold for $9 million. The gallery’s other top reported sales included the following:

• Philip Guston’s The Desire (1978) sold for $8.5 million.
• Mark Bradford’s May the Lord be the first one in the car...and the last out. (2023) sold for $3.5 million.
• George Condo’s Escaping Figures (1998) sold for $850,000.
• Pat Steir’s 9 x 7, D (2022) sold for $850,000.
• Avery Singer’s Poppers (2024) sold for $800,000.
• Rashid Johnson’s God Painting “Open Waters” (2023) sold for $750,000.
• Maria Lassnig’s Heimliche Liebe / Heimlich Liebe / Couple im Gespräch (Secret Love / Secretly Love / Couple Talking) (1995) sold for €650,000 ($700,000).
• Anj Smith’s If Winter comes (can Spring be far behind)? (2023) sold for $600,000.
• Charles Gaines’s Numbers and Trees: Charleston Series 1, Tree #11, Fiddle Way (2023) sold for $595,000.
• Zhang Enli’s Composer (2023) sold for $350,000.
• Paul McCarthy’s The Angel (2018) sold for $275,000.
• Roni Horn’s Pair Object VIa: For two locations in one Place (1990) sold for $275,000.
• Catherine Goodman’s The Sweet Sound of Silence (2023) sold for $200,000.
• Camille Henrot’s Dos and Don’ts - Mozart or the Brilliant Child (2022) sold for $175,000.
• Bharti Kher’s Matter I (2023) sold for €120,000.
• Angel Otero’s Reckless and Sweet (2022) and Balcony (2023) each sold for $100,000.

Sprüth Magers’s top reported sales included the following:

• George Condo’s Constructed Female Portrait (2024) sold for over $2 million.
• Jenny Holzer’s Minor Victim-3 (2022) sold for $475,000.
• Nora Turato’s TBC (2024) sold for €55,000 ($59,200).
• Henni Alftan’s Compass (2023) sold for $50,000.
• Andreas Schulze’s Untitled (Green curtain) (2023) sold for €45,000 ($48,500).
• Thea Djordjadze’s Untitled (2023) sold for €42,000 ($45,200).
• Three paintings by Hyun-Sook Song, including Brushstroke-Diagram and 6 Brushstrokes over 1 Brushstroke (both 2023), each sold for a price in the range of €40,000–€60,000 ($43,100–$64,600).
• Louise Lawler’s Lost at Sea (Lamp) (1996/1997) sold for $30,000.
• Cindy Sherman’s Untitled #446 (1976/2005) and Untitled #442 (1976/2005) each sold for $30,000.
• Louise Lawler’s Untitled (MoMA) (2021) sold for $20,000.
• Robert Elfgen’s Folkboat (2023) sold for €8,500 ($9,100).

Sea Flare, 2023
Jessica Rankin
White Cube

Top reported sales at White Cube included the following:

• Lynne Drexler’s Plumed Bloom (1967) sold for $1.2 million.
• Christine Ay Tjoe’s 3->2 #05 (2010) sold for $750,000.
• Sarah Morris’s Lippo [Hong Kong] (2024) sold for $125,000.
• Cinga Samson’s Igcukuma (2024) sold for $95,000.
• TARWUK’s MRTISKLAAH_emoC_saH_eM_gnilbmeseR_enoemoS (2024) sold for $80,000.
• Jessica Rankin’s Sea Flare (2023) sold for $60,000.

Top reported sales at Thaddaeus Ropac included the following:

• Tony Cragg’s Incident Solo (2023) sold for €725,000 ($781,000).
• Martha Jungwirth’s Ohne Titel (2023) sold for €450,000 ($485,000).
• Lisa Brice’s Chasing that High (2006) sold for $275,000.
• Lee Bul’s Untitled (sculpture M3) (2013) sold for $250,000.
• Megan Rooney’s Prelude to the wind (2023–24), Echos and Hours (2024), and Holding us fast (light) (2024) each sold for £35,000 ($44,100).
• Heemin Chung’s Marigold in June (2023) sold for $28,000.

Lisson Gallery’s top reported sales included the following:

• Anish Kapoor’s Black to Brandy Wine and Organic Green mix (2022) sold for £625,000 ($787,600).
• Olga de Amaral’s Cuarzo 1 (2015) sold for $280,000.
• Li Ran’s Becoming a Symbolic Archive (2023) sold for $60,000, and her Mont Sainte – Victoire (2012) sold for $23,000.
• Kelly Akashi’s Life Forms (2023) sold for $50,000.

Add Two Add One, Divide Two Divide One 2001-691, 2001
Kim Yun Shin
Kukje Gallery

Top reported sales at Kukje Gallery included the following:

• Park Seo-Bo’s Écriture No. 040424 (2004) sold for $540,000–$648,000.
• Ha Chong-Hyun’s Conjunction 24 (2024) sold for $223,000–$268,000.
• Julian Opie’s Dance 2 step 1. (2022) sold for £110,000–£132,000 ($138,600–$166,000), and Hat scarf umbrella pony tail plastic bag long hair long skirt (2022) sold for €52,000–€62,000 ($56,800–$66,800).
• Suki Seokyeong Kang’s Mat 120 x 165 #23-67 (2023) sold for $75,000–$90,000.
• Kibong Rhee’s There is No Place (2023) and Diminishing Place (2024) each sold for a price in the range of $70,000–$84,000.
• Six works from Kim Yun Shin sold, including Add Two Add One, Divide Two Divide One 2019-24 (2019) for $70,000–$84,000; Vibration 2018-43 (2018) for $60,000–$72,000; Fragments of Memories 2019-24 (2019) for $40,000–$48,000; Vibration 2018-25 (2018) for $40,000–$48,000; Granted Wishes 2018-32 (2018) for $25,000–$30,000; and Granted Wishes 2018-36 (2018) for $25,000–$30,000.
• Three works from Daniel Boyd sold, including Untitled (POMOTB) (2021) for $70,000–$84,000; Untitled (IANATAB) (2024) for $35,000–$42,000; and Untitled (WBMWFP) (2014) for $14,000–$17,000.
• Kibong Rhee’s Out from Outside (2024) sold for $60,000–$72,000.
• Two works from Jean-Michel Othoniel sold: Passiflora (2023) for €42,000–€50,000 ($45,200–$53,800) and Amant Suspendu (2024) for €35,000–€42,000 ($37,700–$45,200).
• Four works sold from Haegue Yang for prices in the range of €11,000–€22,000 ($11,800–$23,700).

Almine Rech’s notable sales included the following:

• Two paintings by Javier Calleja each sold for a price in the range of $300,000–$330,000.
• A painting by Kenny Scharf sold for $190,000–$210,000.
• A drawing by Tom Wesselmann sold for $145,000–$160,000.
• A photograph by Taryn Simon sold for $100,000–$110,000.
• Two paintings by Youngju Joung each sold for a price in the range of $70,000–$90,000.
• A painting by Zio Ziegler sold for $70,000–$80,000.
• A painting by Alejandro Cardenas sold for $60,000–$65,000.
• A painting by Thu-Van Tran sold for $50,000–$55,000.
• A painting by Roby Dwi Antono sold for $45,000–$50,000.
• Two paintings by Sylvia Ong each sold for a price in the range of $15,000–$30,000.

The City, 1989
Martha Diamond
David Kordansky Gallery

David Kordansky Gallery’s top reported sales included the following:

• Shara Hughes’s Pink Cotton (2022) sold for $340,000–$390,000.
• Martha Diamond’s The City (1989) sold for $140,000–$190,000.
• Joel Mesler’s Untitled (More Joy) (2023) sold for $185,000.
• Hilary Pecis’s Water Polo Practice (2024) sold for $165,000.
• Chico da Silva’s Untitled (1969) sold for $80,000–$130,000.
• Odili Donald Odita’s Tempest (2024) sold for $120,000.

Top reported sales at Perrotin included the following:

• Mr.’s Untitled (2024) sold for $310,000.
• Barry McGee’s Untitled (2023) sold for $230,000.
• Georges Mathieu’s Homage to Guillaume Dufay (1970) sold for €220,000 ($237,000).
• Shim Moon-Seup’s The Presentation (2021) sold for $142,000.
• Emi Kuraya’s Untitled (2024) sold for $115,000.
• Jason Boyd Kinsella’s Grace (2020) sold for $90,000.
• Jean-Michel Othoniel’s Kiku (2023) sold for €85,000 ($91,600).
• Laurent Grasso’s Studies into the Past sold for €80,000 ($86,200).
• Two works by Lee Bae each sold for $75,000.
• Thilo Heinzman’s O.T. (2016) sold for €35,000 ($44,100).
• Two works by Izumi Kato each sold for $33,000.
• Yu-Xin Su’s Air and Breathe (Gunung Merapi) (2024) sold for $27,500.
• Josh Sperling’s AbExDubBub Y (2023) sold for $25,000.
• JR’s Ballet, Sur les Toits du Louvre #4, Horizontal, Paper Block, Paris, France (2021) sold for €25,000 ($26,900).
• Two works by Marty Schnapf each sold for €20,000 ($21,500).
• Two works by Gregor Hildebrandt each sold for €19,000 ($20,400).
• Chang Yachin’s Long Distance Call: Winter (2024) sold for $18,000.

Pace Gallery’s notable sales included the following:

• Adam Pendleton’s Black Dada (D) (2023) sold for $275,000.
• Kylie Manning’s Fracture (2024) sold for $100,000.
• Maysha Mohamedi’s Ice Remedy (2023) sold for $100,000.
• Kiki Smith’s Silver Moon (2023) sold for $95,000.
• Mika Tajima’s Negative Entropy (Seishoji Priest Prayer Drumming, Mustard, Quad) (2024) sold for $95,000.
• Alicja Kwade’s A year (2024) and 139 missing days (2024) sold for €85,000; Memory, 2023, 277 missing hours (2024) sold for €42,000; and Gegen den Lauf (2022) sold for €35,000 ($44,100).
• Torkwase Dyson’s A Bolt from Blue 01 (2024) sold for $65,000.
• William Monk’s Untitled (rainbow) (2019–23) sold for $60,000.

Other notable sales at Art Basel Hong Kong

Untitled, ca. 1951
Robert Motherwell
Kasmin

Immortal XXIV (hot orange and pink), 2024
Daniel Crews-Chubb
Timothy Taylor

• Victoria Miro sold three works by Yayoi Kusami for a total of $11 million.
• Ink Studio sold four works by Li Huasheng, including 0679 (2006) for $500,000, 0097 (2009) for $115,000, 1018 (2010) for $70,000, and Untitled (n.d.) for $68,000.
• Kasmin reported the six-figure sales of Robert Motherwell’s Untitled (ca. 1951) for $250,000 and Walton Ford’s Minotaura for $125,000. The gallery also sold two Diana Al-Hadid works for $85,000 each, and two works from its newly represented artistAlexis Ralaivao for a price in the range of $18,000–$75,000 each.

• Timothy Taylor sold a painting by Eddie Martinez for $245,000; a painting by Daniel Crews-Chubb for $85,000; a sculpture by Annie Morris for £75,000 ($94,500); a painting by Sahara Longe for £40,000 ($50,200); a painting by Hayal Pozanti for $38,000; and a painting by Antonia Showering sold for £35,000 ($43,900).
• Mazzoleni reported two six-figure sales, including Salvo’s Ottobre (1999) for $240,000 and Agostino Bonalumi’s Bronzo (1969–2007) for $120,000.
• Lehmann Maupin sold Lee Bul’s Perdu CXCIV (2024) for $190,000; Marilyn Minter’s Red White and Blue (2022–23) for $175,000; and a painting by David Salle, Tree of Life, Split (2024), for a price in the range of $120,000–$130,000.

• Xavier Hufkens sold a painting by Leon Kossoff for £150,000 ($188,600); two paintings by Ulala Imai for prices in the range of $80,000–$125,000 each; a work on paper by Louise Bourgeois for $100,000; and a work on paper by George Condo for $85,000.
• Asia Art Center sold four works from Ju Ming’s “Taichi Series” for a price in the range of $100,000–$200,000 each.
• Templon reported sales of three works by Chiharu Shiota, each selling for a price in the range of $80,000–$120,000. The gallery also sold Jule Olitski’s Without Trembling 5 (1974) for a price in the range of $80,000–$100,000, as well as two works by Jitlish Kallat for a price in the range of €15,000–€45,000 ($16,100–$48,300) each.
• STATION sold five works by Daniel Boyd for a price in the range of $30,000–$75,000 apiece, as well as Shireen Taweel’s instrument one (2024) for $12,000.

A Place Dear to Me, 2024
Rupy C. Tut
Jessica Silverman

Orgasm, January 25-2023
Loie Hollowell
Jessica Silverman

• Jessica Silverman sold two works on paper by Loie Hollowell for $50,000 and $65,000, respectively; two paintings by Julie Buffalohead for $50,000 each; Rupy C. Tut’s A Place Dear to Me (2024) for $48,000; a painting by Hayal Pozanti for $38,000; a painting by Julia Jo for $30,000; and Woody De Othello’s oil on paper Foothills (2024) for $26,500.
• Mai 36 Galerie reported several five-figure sales, including Stephan Balenhol’s Panda (2024) for €65,000 ($69,800); Michel Pérez Pollo’s Un Otoño XVII (2023) for $30,000; and Jack Warne’s Teh Sergantr Wlaks Rossac Het Arbeg (2024) for $20,000.

Teh Sergantr Wlaks Rossac Het Arbeg, 2024
Jack Warne
Mai 36 Galerie

Blue Light, 2024
Gregory Hodge
Sullivan+Strumpf

• Sullivan+Strumpf sold Alex Seton’s The Monobloc Throne (2017–24) for approximately $60,000 and Gregory Hodge’s Nine Landscape, Golden Weave, and Blue Light (2024) for €22,000 ($23,600) apiece.
• Hakgojae Gallery reported sales of two paper works by Joung Young Ju, each priced at $61,000. Additionally, the gallery sold a painting by Park Gwangsoo for $13,000.
• Yve YANG Gallery sold five works by Huidi Xiang, each for a price in the range of $2,500–$6,500, in the fair’s Discoveries section.

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