Arte e Cultura
Artprice by ArtMarket.com: Hong Kong - Capital of the New Hi-Lite Movement - Remains Unperturbed!
For the time being, the Art Basel fair is therefore still on for March 2020 . With these latest results, Hong Kong has shown that it is still the world's leading marketplace for many of the finest Asian signatures of 20th century art. However, it also proved capital for new movement that has become essential to understanding the evolution of today's Art Market: .
thierry Ehrmann, Artprice founder and CEO of ArtMarket.com: " Hi-Lite."
Christie's ended its major evening sale with a separate section dubbed , and a specific catalogue bringing together artists, " "
With only 16 lots, this small sale nevertheless crystallised one of the main trends driving today's Art Market. The movement, like the sale, is based primarily on three core signatures... three of the most successful artists on the secondary market: Kaws, Yoshitomo Nara and Takashi Murakami .
The Christie's catalogue goes on to explain the title chosen by the auction house: " :
The session was very successful with all 16 lots fetching within or above their estimates.
In reality, the movement goes far beyond the Christie's session bearing that name. The extraordinary performances of Liu Ye (1964) and Ayoko Rokkaku (1982), for example, over the past nine months, are clearly part of this new dynamic… a dynamic with global momentum, but in which Hong Kong is playing a leading role.
As is now customary, Hong Kong's leading auction houses agreed not to hold their major sessions simultaneously in the first and the second semester of the year. In the recent round of sales, Christie's and Phillips waited until the end of November, whereas Sotheby's, Poly Auction, China Guardian and Bonhams held their sales at the beginning of October.
This agreement has clearly benefited the Hong Kong market. The past two months have seen a large number of auction records hammered for artists from all periods of creation, from Old Masters to emerging artists.
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