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Andy Warhol’s “Silver Liz” achieved the highest bid of 2.3 billion yen in Japan. Shinwa Auction auction held at Haneda Airport.

-Shinwa Auction holds an art auction utilizing Haneda Airport and bonded warehouse-

On Wednesday, March 30, 2022, a special auction hosted by Shinwa Auction Co., Ltd. United Asian Auctioneers “Shinwa Auction x LARASATI Auctioneers x iART auction x KUNGSHI x A | A | A | A x ISE COLLECTION” will be held at Haneda Airport No. 1 It was held at the terminal, Galaxy Hall.

NFT art was also lined up at this auction, and works that transcended national borders and time were gathered, befitting the gateway to Japan’s sky, and the venue was filled with enthusiasm.

Warhol "Silver Liz" winning bid of 2.3 billion yen. Updated the record for the highest bid in the domestic auction.

Andy Warhol’s “Silver Liz”, a lot of interest this time, recorded a winning bid of 2.3 billion yen, renewing the highest bid in the domestic auction.
This was a major update, more than double the winning bid of 1 billion yen for Pablo Picasso’s “The Weeping Woman” which was previously recorded by iArt Co., Ltd. in 2010.
In addition, the total successful bid amount for the entire auction was 3,145,720,000 yen, and the successful bid rate was 82.01%.

Andy Warhol Silver Liz (Ferus Type)

101.6 x 101.6 cm
Canvas silk screen, acrylic
Made in 1963
G. Frei and N. Printz, The Andy Warhol catalog raisonne: Paintings and Sculpture, 1961-1963, Vol.I, New York, 2002, No.447
Expected successful bid price: ¥ 2,300,000,000-¥ 3,450,000,000
Bid: ¥ 2,300,000,000

Borderless and global works, all 239 lots are gathered.

Miwa Komatsu x Hikoju Makie "Kirin". It was sold at ¥ 10,000,000, which greatly exceeds the expected bid price of ¥ 3,000,000 to ¥ 6,000,000.

At the auction, a wide lineup of works by contemporary artists such as Yayoi Kusama, Tetsuya Ishida, and eldest son Yamaguchi, as well as works by contemporary artists such as Miwa Komatsu and Ayako Rocca, as well as NFT art.
A heated competition was held for each.


Tenmei Kano “FUCK 69 – Colors” (* NFT art) / ¥ 5,000,000
Yayoi Kusama “Pumpkin” / ¥ 76,000,000
Tetsuya Ishida “Untitled” / ¥ 60,000,000
Takeo Yamaguchi “Five Lines” / ¥ 145,000,000
Paul Delvaux “Gray City” / ¥ 120,000,000

A new form of art auction "bonded art auction"

The auction was held at Galaxy Hall, Terminal 1 of Haneda Airport.

This auction also attracted attention as a “bonded art auction” utilizing the bonded warehouse at Haneda Airport.
Bonded art auctions can be held on December 1, 2020 and February 26, 2021 due to the partial amendment of the Basic Notification of Customs Law.
Foreign cargo can be stored in the bonded warehouse, and customs duty and import consumption tax are reserved until the import declaration is made.
Japan’s first bonded art auction was held in 2021 by another company.

This time, it will be held by an international auction alliance in which auction houses such as Shinwa auction Co., Ltd. (Japan) and Larasati auctioneers (Singapore, Indonesia) participate, and it will be the first attempt in Japan for a tax-protected art auction by an international alliance.



Warhol’s “Silver Liz” set a new record for the highest bid in Japan and presented a new form of bonded art auction by an international alliance United Asian Auctioneers “Shinwa Auction x LARASATI Auctioneers x iART auction x KUANGSHI x A | A | A | A × ISE COLLECTION “.
We hope that this enthusiasm will lead to the further expansion and revitalization of the Japanese art world.

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