Christie's Hong Kong 20th / 21st Century Evening Sale Totals $83.89m
3 min read · 27 Mar 2026
Abstraktes Bild by Gerhard Richter sold for $11.78m. Image courtesy of Christie's
A work by Gerhard Richter, which had a guarantee, was the headline sale at Christie's '20th / 21st Century Evening Sale' on March 27 in Hong Kong.
- The sale totaled $83.89m (HKD655.8m), meeting the pre-sale estimate.
Snapshot of the sale
- 37 works sold totaling $83.89m.
- Estimates totaled: $57.66m (low) and $84.88m (high), excluding premiums.
- The sell-through rate was 100%, so a white-glove sale.
The star lot was: Gerhard Richter, Abstraktes Bild (1991), which sold for $11.78m, 18% above its $9.96m low estimate. The work was backed by a guarantee. It has been traded twice in the past.
YES! (A bag made by my mother) by Atsushi Kaga sold for $584,900 (815% above estimate). Image courtesy of Christie's
The outperformer sold for 815% above its low estimate. Atsushi Kaga, YES! (A bag made by my mother) (2021), sold for $584,900 ($63,900 low estimate). It has been traded once in the past.
- 16 works, or 43%, sold above their high estimate.
- 21 works, or 57%, sold within their low and high estimate.
- 0 works, or 0%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
11 works were backed by guarantees, including: Walter Spies, Blick von der höhe (A view from the heights) (1934). It sold for $7.56m, 23% above its $6.13m low estimate.. It has been traded 5 times in the past.
Works that did not sell
0 works were bought-in.
Withdrawn before the sale
0 works were withdrawn
Terms and definitions
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Estimates, sale prices and totals are converted into US dollars. Sale prices are compared to the auction house’s low estimate, which do not include premiums.
Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.
Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.
Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.
Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.
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