He isn’t hailed as the country’s auction superstar for nothing.
Ronald Ventura did it again. At the Christie’s Live Auction Monday, called 20th and 21st Century Art Evening Sale, a painting by the Filipino artist sold for an impressive HKD 19,450,000, or PHP 120,442,529.83. The price was 16 times its pre-sale high estimate of HKD 1,200,000, setting a new record for the artist. This was confirmed to ANCX by Christie’s Jacky Ho; the result also appears on the auction house’s website.
The bidding for the artwork took just a little more than five minutes, starting from HKD 700,000. The acrylic and oil painting is called “Party Animal,” and it features a 96 x 144-in image of a group of beast-headed humans in the setting of a joyous children’s party. It was painted in 2017 and comes from a private collection in Asia, according to the Christie’s website. It has been exhibited at the Tyler Rollins Fine Art gallery in New York also in 2017.
Ventura first shook the Asian art world when his massive Grayground painting sold for 8,420,000 HKD at the Sotheby’s auction in 2011. That catapulted him to the stature of being the highest selling artist from Southeast Asia.
In 2014, his Wonderful Bait sold for 7.8 million HKD, eight times the painting’s estimate value, at the Christie’s Asian 20th-Century and Contemporary Sale in Hong Kong.