Phillips Modern & Contemporary Art: Online Auction, Hong Kong Totals $535,200
3 min read · 02 Oct 2026
Coco by Szabolcs Bozó sold for $46,000. Image courtesy of Phillips
A work by Szabolcs Bozó was the headline sale at Phillips 'Modern & Contemporary Art: Online Auction, Hong Kong' on September 23-October 2 in Hong Kong.
- The sale totaled $535,200 (HKD4.2m), falling short of its pre-sale low estimate.
Snapshot of the sale
- 89 works sold totaling $535,200.
- Estimates totaled: $601,400 (low) and $974,100 (high), excluding premiums.
- The sell-through rate was 83% of the original 107 lots announced.
The star lot was: Szabolcs Bozó, Coco (2021), which sold for $46,000, 261% above its $12,700 low estimate. It has been traded once in the past.
Horse Riding by Andre Brasilier sold for $14,800 (1060% above estimate). Image courtesy of Phillips
The outperformer sold for 1060% above its low estimate. Andre Brasilier, Horse Riding (1984), sold for $14,800 ($1,275 low estimate). It has not been traded before.
- 20 works, or 22%, sold above their high estimate.
- 28 works, or 31%, sold within their low and high estimate.
- 41 works, or 46%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
13 works were bought-in, including: Eddie Martinez, Mandala #14 (2017), estimated at $38,200 (low) to $63,700 (high). It has been traded 3 times in the past.
Withdrawn before the sale
5 works were withdrawn before the sale, including: Chris Huen Sin Kan, Haze in the Studio (2016), estimated at $19,100 (low) to $31,900 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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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