Budi Kustarto
Terbalik (Upside down)
Found at
Christies,
Hong Kong
Southeast Asian Modern and Contemporary Art, Lot 11
24. May - 24. May 2008
Southeast Asian Modern and Contemporary Art, Lot 11
24. May - 24. May 2008
Estimate: 50.000 - 100.000 HKD
Price realised: 463.500 HKD
Price realised: 463.500 HKD
Description
BUDI KUSTARTO (b. Indonesia 1972)
Terbalik (Upside down)
signed and dated 'BUDI KUSTARTO 2004' (upper left); signed again and titled (on the reverse)
oil and acrylic on canvas
59 x 59 in. (150 x 150 cm.)
Terbalik (Upside down)
signed and dated 'BUDI KUSTARTO 2004' (upper left); signed again and titled (on the reverse)
oil and acrylic on canvas
59 x 59 in. (150 x 150 cm.)
Artwork auctioned at four times the upper estimate price
The work Terbalik (Upside down) by Budi Kustarto was worth HKD 463,500.00 (€ 38,158.32) to a buyer in May 2008. This price was achieved in the auction Southeast Asian Modern and Contemporary Art at Christies in Hong Kong and exceeded the previously set upper estimate of HKD 100,000.00 many times over. Despite this good result, it is not the highest hammer price for an artwork by Budi Kustarto; that achieved among the auctions we observed the lot Tricycle Ice Cream (Construction Series) sold at auction in April 2008 with the realized price of HKD 847,500.00 (€ 69,844.71).
Kunstwerk zum Vierfachen des oberen Schätzpreises versteigert
Die Arbeit Terbalik (Upside down) von Budi Kustarto war einem Käufer im Mai 2008 HKD 463.500,00 (€ 38.158,32) wert. Dieser Preise wurde in der Auktion Southeast Asian Modern and Contemporary Art bei Christies in Hong Kong erzielt und übertraf den zuvor angesetzten oberen Schätzpreis von HKD 100.000,00 um ein Vielfaches. Trotz des guten Ergebnisses ist dies nicht der höchste Zuschlag für ein Kunstwerk von Budi Kustarto; den erzielte unter den von uns beobachteten Auktionen die Arbeit Tricycle Ice Cream (Construction Series) im April 2008 mit dem Hammerpreis von HKD 847.500,00 (€ 69.844,71).
Budi Kustarto - Auction history
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