An auction at Sotheby's in Hong Kong saw work by American artist KAWS break his own auction figures and smash estimates thanks to Chinese millennials.
Chinese millennials splashed the cash at a Sotheby's auction in Hong Kong to pick up Simpsons-inspired art by American artist KAWS.
One work went for $14.8 million, smashing the artist's auction record as part of a sale by Japanese collector NIGO as part of his NIGOLDENEYE® Vol. 1 lot.April Fools day was no joke for Chinese millennials keen to pick up Simpsons-inspired art for record figures. An April 1 auction at Sotheby's in Hong Kong saw art by American artist KAWS break the own artist's auction figures and smash estimates with one piece, the KAWS ALBUM, going for 116 million Hong Kong dollars . That was 15 times the estimate and smashed KAWS's own record sale of $2.7 million from last November,The piece was sold as part of a 33-item lot by Japanese collector Tomoaki Nagao, better known as NIGO, through a listing called NIGOLDENEYE® Vol. 1.
KAWS, real name Brian Donnelly, is a former street artist from the US whose work received major interest from the Hong Kong bidders. Another piece, UNTITLED , sold for $2.6 million and was bought by a"young Chinese buyer with a short back and sides haircut, who was wearing a green army camouflage jacket,"
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