Yuki Terase will lead Sotheby’s auctions and private sales of Chinese, Japanese, Korean and Western Contemporary art in Asia, based in Hong Kong.
Ms Terase has been working at Sotheby’s since 2011, playing a pivotal role in introducing Japanese contemporary art and Japanese clients to the auction house and market.
Freshly announced today, the appointment of Yuki Terase as new Head of Contemporary Art, Asia at Sotheby’s aims to consolidate the auction house’s position in the contemporary art market, “further strengthening Sotheby’s Contemporary Asian Art positioning in the region, as well as expanding our Western Contemporary art activity within Asia”, as Kevin Ching, CEO of Sotheby’s Asia explains.
With her experience at Morgan Stanley as a member of its Mergers and Acquisition advisory team in Tokyo before joining the Sotheby’s team in 2011, Ms Terase will now lead Sotheby’s auctions and private sales of Chinese, Japanese, Korean and Western Contemporary art in Asia. In her new role, she will also continue to be instrumental in the company’s business development efforts in Japan.
Since starting work with Sotheby’s seven years ago, Ms Terase has been pivotal to the introduction of Japanese contemporary art to Asia, facilitating the consolidation of Sotheby’s as the leader in this category in the region.
She has led several white-glove sales, including “Full Circle: Yoshihara Jiro Collection, Brushwork – From Asia to the World”, “Brushwork II – All the World’s a Stage”, and “Yamaguchi Takeo – Composing Monochrome”, as well as the S|2 exhibition “SHASHIN! Japanese Photography Then/Now”.
Ms Terase has applied an innovative curatorial approach to auction, best exemplified in the dual sales with street fashion master NIGO®, and #TTTOP in October 2016. The latter, conceived by Ms Terase and guest-curated by Asian pop icon and collector T.O.P, achieved USD17.4 million, exceeding its pre-sale estimate and generating strong interest from traditional and social media worldwide, as well as from the emerging young collecting community.
Ms Terase has spearheaded the development of a Japanese client base at Sotheby’s, leading it to have a significant impact on the global auction market. One of the best examples of her reach among Japanese clients is the New York sale of Jean-Michel Basquiat’s Untitled in May 2017, which sold to Japanese collector Yusaku Maezawa for a record-breaking price of USD110.5 million.
As quoted in the announcement press relase, Yuki Terase is honoured to start her new role at Sotheby’s, commenting:
Witnessing the unprecedented change of the global Contemporary art market lately, I am more than ever delighted by the prospect of offering our clients the best and the most relevant collecting experience through Sotheby’s global network and unparalleled expertise.
C. A. Xuan Mai Ardia
- New records in Asia for 20th century and contemporary artists: Phillips Hong Kong November 2017 – auction round-up – December 2017 – Phillips’ Hong Kong Fall Auctions 2017 achieved strong results, with new records for multiple artists
- Chinese art at the top: Bonhams Hong Kong November 2017 art sales – round-up – November 2017 – Chinese artists break records at Bonhams Hong Kong November Modern and Contemporary Art Sale
- Record sales set at Sotheby’s Hong Kong Asian Art Autumn Auctions – round-up – October 2016 – Sotheby’s Autumn Sales wrapped up on 5 October 2016, demonstrating a continued interest in modern and contemporary Asian art
- Hong Kong autumn auctions set new world records – sales round up – October 2014 – Sotheby’s, Christie’s, Poly Auction and China Guardian all had major auction sales despite Hong Kong’s Occupy protests immobilising the city’s main arteries
- Sotheby’s London launches ‘India Week’ auction – September 2014 – Sotheby’s launches ‘India Week’ in London in October 2014, featuring close to 300 artworks spanning circa 1500 to the present
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