The Value|Yoshitomo Nara Becomes Most Expensive Japanese Artist as His《Knife Behind Back》Sells for Record-Smashing HK195m

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Oct., 08, 2019

yoshitomo-nara-smashed a record for a artwork

Reported By THE VALUE

https://en.thevalue.com/articles/nara-yoshitomo-kaws-contemporary-art-sothebys-hk?fbclid=IwAR2efG8A01FhhY5obZf6aL8YhUWB0zn8tNK_cxUyZD1JC_5CgbpVa3dqRJo



Reported|Ken NG

Photo|Justin Cheng


Yoshitomo Nara takes centre stage on the second day of Hong Kong auction week as his records were broken shortly one after another today. His installation art Not Everything but/ Green House was sold for a new record price of HK$40.12m (US$5.12m) this afternoon at Poly Auction Hong Kong. But the record only lasted for a few hours. Knife Behind Back, a large-scale painting by Nara, just sold at Sotheby’s Contemporary Art Evening Sale in Hong Kong for HK$195.7m (US$25m), nearly five times its record set in this afternoon. The new record is also a milestone for Yoshitomo Nara as he becomes the most expensive Japanese artist.



yoshitomo-nara-smashed a record for a artwork3



yoshitomo-nara-smashed a record for a artwork3



Measuring 234x208cm, Knife Behind Back ranks amongst the largest works on canvas by the artist to appear at auction. It was executed in the watershed year of 2000 – the year Nara finally returned to Japan after twelve years abroad in Germany. In 1988, the year after he graduated from the Aichi University of the Arts, Nara undertook a six-year artistic apprenticeship at the Staatliche Kunstakademie in Düsseldorf under the mentorship of A.R. Penck and thereafter stayed in Cologne until 2000.

In the mid-1990s, Nara was already showing works occasionally in Nagoya and Tokyo. The artist’s paintings in this period feature thick black outlines, a richly vibrant palette reminiscent of Neo-Expressionism, and the flat, rough-hewn or ‘primitive’ aesthetic of sketches, drawings, and manga; nevertheless, they already reveal hallmarks that define his mature aesthetic.

Towards the late 1990s, Nara gradually developed and refined his painterly technique: his surface work became increasingly fine, emanating gentle depth and luminosity. The loneliness of living abroad not only catapulted the artist back to the days of acute loneliness in his childhood. Further pronounced shifts occurred in Nara’s works from 2000 onwards, coinciding with the artist’s return to his native land.



yoshitomo-nara-smashed a record for a artwork3



The painting’s title broadcasts the presence of a weapon, whose absence in the image is made more marked and more menacing. Not only is there a knife, but it is hidden with intent, primed for attack. Absence thus takes on not only a presence of its own but an amplified one – the knife’s threat made infinitely more ominous in its deliberate concealment – a strategy that underscores the unexpected insurgent power of children and the associated radical potentiality of the insignificant, the innocent, the fictionary, and the imagined.



亞洲區主席黃林詩韻(舉手者)替客戶投得《背後藏刀》



Knife Behind Back is undoubtedly the centrepiece of the sale, carrying a presale estimate of more than HK$50m. The bidding started at HK$40m and soon escalated into bidding battle between six bidders. The price reached HK$50m in a blink and ontinued to go up. As the bid soared up to HK$80m, only two telephone bidders - respectively represented by Patti Wong, Chairman, Asia and Jen Hua, Deputy Chairman of Asia - remained in the battlefield.

The two tenacious bidders further pushed the price up to HK$100m, after which the bid increment was increased to HK$5m. After six minutes of intense bidding, the auctioneer put the hammer down at HK$170m and sold the painting for HK$195m after premium to the Patti Wong’s client.



然而並非一切(綠屋)



Before two new auction records were set for Nara today, his painting Sleepless Night (Cat) from 1999 held the previous record when it was sold for HK$34.92m in Hong Kong this spring. This afternoon, His art installation entitled Not Everything but/ Green House, a green house with a height of 6.7m, was sold for HK$40.12m.

Tonight, Nara’s auction record was replaced by Knife Behind Back which sold for HK$195.7m, a record that crowned Nara the most expensive Japanese artist. The previous record holder of the most expensive Japanese artist was Yayoi Kusama, whose Interminable Net #4 from 1959 was sold for HK$62.43m this April at Sotheby’s in Hong Kong.


草間彌生



The second top lot of the sale fell to KAWS’ Untitled (Kimpsons #1). It was hammered down at HK$49m (US$6.25m), just slightly higher than its presale low estimate HK$48m, and sold for HK$57.9m after premium (US$7.4m).


KAWS sotheby's



The Kimpsons is a series of artworks featuring various characters from the show The Simpsons by replacing their eyes with KAWS' signature XX eyes. Created in 2004, the present artwork Untitled (Kimpsons #1) measures 274.5 x 244cm. It is the largest Kimpsons work commissioned and formerly owned by NIGO.



KAWS 無題



Untitled (Kimpsons #1) features the whole Simpsons family including Homer, Marge, Bart, Lisa, Maggie, Santa's Little Helper and Snowball II.

The sale achieved an extraordinary total of HK$712m. Without taking premium into consideration, the total hammer price of HK$452m also far outstripped the total presale estimate of HK$273m. It seems that the art market was undeterred by the gloomy prospect of the global market. Or is the art market considered as the haven for investors and collectors to avoid market volatility and uncertainty? We will have to keep an eye and see how the rest the auction week go.

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Highlights

yoshitomo-nara-smashed a record for a artwork3

Yoshitomo Nara - Knife Behind Back

Lot no: 1142
Created in: 2000
Size: 234 x 208cm
Provenance:Blum & Poe, Los Angeles
Private Collection, California
Acquired from the above by the present owner
Estimate: in excess of HK$50m
Hammer price: HK$170,000,000
Price realised: HK$195,696,000



KAWS 無題

KAWS - Untitled(KIMPSONS #1)

Lot no.: 1136
Created in: 2004
Size: 274.5x244cm
Provenance:Collection of NIGO®
Acquired from the above by the present owner
Estimate: HK$48,000,000-68,000,000
Hammer price: HK$49,000,000
Price realised: HK$57,877,000



nara 看著你
Yoshitomo Nara - Looking at You

Lot no.: 1134
signed, titled and dated: 2007
Size: 91 x 73cm
Provenance:Galleri Nicolai Wallner, Copenhagen
Acquired from the above by the present owner
Estimate: HK$14,000,000-22,000,00
Hammer price: HK$31,000,000
Price realised: HK$37,375,000




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Auction summary

Auction house: Sotheby’s Hong Kong
Sale: Contemporary Art Evening Sale
Sale date: 6 October 2019 | 7pm
Lots offered: 34
Unsold: 4
Sold: 30
Sold by lot: 88%
Sale total: HK$ 711,954,000




yoshitomo-nara-smashed a record for a artwork

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