Fernando Cueto Amorsolo (The Philippines 1892-1972), “Lavenderas”, sold for US$ 433,992 establishing a new record for the artist at auction. Photo: Christie’s Images Ltd 2010.
HONG KONG.- Christie’s Hong Kong Spring 2010 sale of Southeast Asian Modern and Contemporary Art marks a 33% increase over the Fall 09 sale total. More than 10 records were set for both established and emerging artists from both the modern and contemporary sections, including the top lot, Italian painter-traveler Romualdo Locatelli’s Bali picture, “Young Balinese Girl with Hibiscus”, which broke all previous records, selling for HK$6.02million (US$773,000). The extremely rare and early Fernando Cueto Amorsolo painting, “Lavenderas”, sold for a resounding HK$3.38million (US$434,000), a new world auction record for the artist.