By the time Art Basel Hong Kong opened to VIPs on May 14, Edouard Malingue had already sold out his entire inventory of paintings. He spent the rest of the fair fending off disappointed would-be buyers.
A sculpture of an inflatable dolphin by Jeff Koons sold for $5 million. A 1971 Sigmar Polke painting depicting purple monkeys, an alligator and a penis was snapped up for $4.5 million. An abstract painting by Joan Mitchell fetched $1.5 million.