At a Christie’s art auction held over the weekend in Hongkong, Cheong Soo Pieng’s Balinese Dance sold for US$1,000,753, a record price for the artist at an auction. The auction, titled Convergences: A Special Sale of Singapore Art was held on 29 November and marks the first time an international auction house has dedicated an individual sale to Singapore Art. The Singapore Art auction garnered US$4,769,295 in total sales, setting 10 new sales records in the process, with buyers coming from seven countries across the region.
“Christie’s auction dedicated to Singapore art was enthusiastically received by buyers selling 93 percent by lot and 97 percent by value. The strong results demonstrate the growing appetite for Singapore art with Pan-Asian collectors, both seasoned and new, competing passionately for the works presented,” said Wang Zineng, Head of Sale -Southeast Asian Art. “The sale established numerous artist’s records, bringing Singapore art to a new level within the Asian art market.”
Although numerous works by first generation Singapore artist were on auction, Balinese Dance was the only Singapore art piece that crossed the US$1 million mark. Chen Wen Hsi’s Sea Palace, sold for US$658,527 although the majority of the art on sale, including works by both Cheong and Chen, and other pioneer Singapore artists such as Liu Kang and Chen Chong Swee, sold in the five-figures.
For the full results from Convergences: A Special Sale of Singapore Art, click HERE.