#Japan #Tokyo #Hokusai #Ukiyo-e #Art Auction

Record-Breaking Auction of Hokusai's Masterpiece

On November 8, an inaugural public auction organized by Tozai New Art showcased a diverse array of artworks ranging from modern to contemporary, Eastern antiques, jewelry, and Western decorative arts. The scene was vibrant, filled with collectors and art professionals from various backgrounds, eager to participate in the exciting bidding wars that enlivened the entire event.

A remarkable 367 lots were up for auction, with initial estimates for total sales ranging from 300 million to 420 million yen. However, the final tally exceeded expectations, with the total sales (including fees) reaching approximately 940 million yen.

Highlighted Works from the Auction

Among the many noteworthy pieces, one artwork captured particular attention:

Lot 149: Katsushika Hokusai, "Snowy Beauty with Shokusan Honoring"

• - Final Sale Price: 621 million yen (a world record)
• - Artist: Katsushika Hokusai
• - Technique: Silk painting, color
• - Year of Creation: Between 1813-1819 (Cultural 10th to Bunsei 2nd Period)
• - Dimensions: 98.3 × 34.3 cm
• - Exhibition: "Hokusai Exhibition," Tokyo National Museum, 2005

This stunning piece, depicting a courtesan standing in the snow, is noted for its vivid blue tones and is considered a masterpiece from Hokusai's mature period. Although initially estimated to sell for 40 to 60 million yen, the bidding began at this range and quickly escalated to a staggering 621 million yen. The bidding atmosphere grew intense, with multiple phone and written bids flowing in as soon as the auction commenced.

At one point, the bidding surpassed 300 million yen, resulting in a brief silence, which then evolved into fierce competition among attendees, culminating in the prestigious bid being won by a collector present at the auction. This record-breaking sale not only surpassed last March's Christie’s auction price of 3,559,000 dollars (approximately 531 million yen) for Hokusai’s "Thirty-Six Views of Mount Fuji" but also established a new pinnacle for Hokusai's works in the art market, drawing significant attention both domestically and internationally.

Other Notable Sales

• - Lot 011: Ryūzō Ikeda, "Untitled" - Final Price: 4.37 million yen

Starting from a modest estimate of 100,000 to 150,000 yen, this piece soared to 437 million yen, signifying renewed appreciation for the post-war avant-garde artist.

• - Lot 025: Yayoi Kusama, "FLOWERS (1999)" - Final Price: 69 million yen

A lithograph from Kusama's celebrated series, known for its vibrant colors, attracted significant interest reflecting Kusama's enduring market value.

• - Lot 111: Bernard Buffet, "The Clown with a Small Hat" - Final Price: 39.1 million yen

Yet another representative piece from the renowned French painter that confirmed the lasting allure of Buffet's works among collectors.

With these standout sales, the auction highlighted the continuing significance and evolving market of fine art.

Future Outlook

Tozai New Art aims to maintain its commitment to fostering a new paradigm in art distribution, connecting exquisite artworks with diverse collectors, while bridging the value of art to future generations. Following the success of this auction, the next one is scheduled for Spring 2026. Interested participants may reach out for inquiries or estimates via their website.

Company Information:
Tozai New Art Co., Ltd.
〒104-0061 Tokyo, Chuo Ward, Ginza 1-15-6, Ginza Toyo Building 3F
Tel: 0120-29-0909 / 03-5579-5890
Email: [email protected]
Operating Hours: 9:30 - 18:30 (Mon - Fri)