2nd April 2019 – (Hong Kong) KAWS’ auction record was shattered when a 2005 painting, titled THE KAWS ALBUM was sold for HK$115.9 million (US$14.8 million) at Sotheby’s in Hong Kong yesterday evening. The price was almost 15 times the high estimate and more than 5 times his previous record of US$2.7 million which was set in 2018.
The art piece was the centre of attention during the auction held at Wanchai Convention Centre yesterday evening under the “NIGOLDENEYE® Vol. 1” sale, which featured the personal collection of Japanese streetwear entrepreneur, Tomoaki Nagao, who founded Bathing Ape (BAPE) better known as NIGO.
The mysterious buyer is very likely to be Justin Bieber as he posted a picture of THE KAWS ALBUM 8 hours ago after the auction ended. Both KAWS and the auction house SOTHEBY’s left comments under the picture. Co-incidentally, Justin Bieber’s pop-up store for his clothing line DREW was also opened in Central, Hong Kong over the art packed weekend (Read here).
KAWS also posted the same picture around the same time on his Instagram account with the following caption:
What a strange morning…
Do I think my work should sell for this much?- No
Did I arrive at my studio this morning the same time I always do?- Yes
Will I do the same tomorrow?-Yes
Have a good day!