Certainly one of Claude Monet‘s well-known water lily work is slated to steer Christie’s first night sale of Twentieth- and Twenty first-century artwork at its new Asia headquarters in Hong Kong on September 26.
The work is predicted to fetch between HK$200 million and HK$280 million ($25 million and $35 million), and if it sells for inside that sum, it is going to develop into one of the vital precious Western artworks ever to hit the block within the area.
The piece, titled Nymphéas (1897–99), reveals the water lily pond on the artist’s residence in Giverny, France. In accordance with Christie’s, the portray is among the many first dedicated to that topic that Monet painted. After his dying in 1926, the work stayed in his household for quite a few years. It then ended up in a non-public assortment earlier than being consigned to Christie’s.
Zao Wou-ki’s summary work 05.06.80–Triptyque (1980), which comes with an estimate of HK$78 million to HK$128 million ($10 million to $15 million), will probably be on the block alongside the Monet.
Whereas Christie’s will debut within the Henderson, a constructing designed by Zaha Hadid Architects, Sotheby’s and Bonhams can even open new Asia headquarters of their very own in Hong Kong later this 12 months. Phillips already expanded to the area establishing an Asia location in West Kowloon in Hong Kong.
As the Western market faces a slowdown, nonetheless, it stays to be seen how the Asian market will fare.
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