The Autumn sale of Modern and Contemporary Southeast Asian Art was held today at Sotheby’s Hong Kong, which achieved a total of over HK$50 million/ US$6.43 million. The artist record set for Lee Man Fong today with his exceptional Magnificent Horses fetching HK$8.18 million/ around US$1.05 million – 3 times the high estimate – after intense competitions and frenzied bidding over the phone and in the room. Equally noteworthy is the world auction record established for a lacquer work by Le Pho, with his Paysage du Tonkin (Landscape Of Tonkin) sold for HK$2.06 million/ over US$264,000.

　　There were very strong prices achieved, well above estimates, exemplified by Affandi’s masterpiece Self-Portrait, Eating Watermelon that commanded HK$2.66 million/ over US$341,000. Together with other exceptional prices, the solid sell-through rate of 84.9% highlights Sotheby’s excellent selection of superb pieces, underlined by the resilience and continued stability of the market. Modern works performed exceptionally well, dominating the top-ten.

　　In addition, the top-ten list includes two contemporary works as well as Le Pho’s Paysage du Tonkin (Landscape Of Tonkin) and La Femme à l'?charpe Verte (The Lady With The Green Scarf), showing strength throughout this market.

【编辑：张瑜】