Long-Unseen Clyfford Still Painting to Sell at Sotheby’s in Hong Kong – ARTnews.com
Sotheby’s has unveiled a new painting by Clyfford Still that will spearhead contemporary art sales in Hong Kong this month. Stills PH-568 (1965) will be offered on April 19, along with works by other Western artists, including Roy Lichtenstein, Willem de Kooning, Gerhard Richter and Adrian Ghenie. It is expected to cost between $ 13.5 million and $ 18.7 million.
The current owner bought the late painting he had made when Still left New York to live in 1969 in Maryland, where he produced some of his most famous works, from the famous Marlborough Gallery. The work is now being auctioned off private hands after five decades.
Roy Lichtenstein’s Reflections on Thud! (1990), a painting depicting a fallen dinosaur with a comic book aesthetic. This work has been in a private collection since 1990 when the collector bought it through Lichtenstein’s dealer Leo Castelli. It couldn’t be sold at Christie’s in 2000 when it was valued at $ 1 million, and it is now expected to sell for $ 10 million to $ 13.9 million.
Meanwhile, Gerhard Richter’s 1985 abstraction Schwefel (sulfur) is valued at $ 10.3 million to $ 12.9 million, and works by Chinese contemporary artists are also on offer – Zhang Xiaogang’s Bloodline: Mother and Son No.1 (1993) and Zeng Fanzhi’s Mask Series No. 18 (1994) is expected to raise $ 4.7 million.
The surge in works by Western blue-chip artists on sale at Sotheby’s in Hong Kong signals increasing demand for them in the Asian art market, which attracted more attention than the New York art market during the December 2020 marquee evening auctions. This auction is expected to fetch one of the largest sums ever raised for a Hong Kong evening sale for Sotheby’s. The House’s contemporary art director Yuki Terase said in a statement that the milestone estimate “demonstrates the mature sophistication and appetite of Asian collectors.”