Cai Jin

Banana 244

Found at Sothebys, New York
Contemporary Art Asia, Lot 116
17. Sep - 17. Sep 2008
Estimate: 6.000 - 8.000 USD
Price realised: 5.938 USD
Cai Jin
B. 1965
BANANA 244
signed in Pinyin and dated 8.05
oil on canvas
30 by 30 in. 76.2 by 76.2 cm.
Acquired by the present owner directly from the artist

Auction result misses estimated price range

This work of art by Cai Jin could be acquired at Sothebys in New York in September 2008 for an unexpectedly low price. In the Contemporary Art Asia auction, the work Banana 244 changed hands for USD 5,938.00 (€ 4,217.03) - missing the lower end of the estimate range of USD 6,000.00 – 8,000.00. Admittedly, works by Cai Jin have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Banana Plant No. 18 in April 2011 with an auction result of HKD 400,000.00 (€ 34,761.49).

Auktionsergebnis verfehlt die Schätzpreisspanne

Dieses Kunstwerk von Cai Jin konnte im September 2008 bei Sothebys in New York für einen unerwartet niedrigen Preis ersteigert werden. In der Auktion Contemporary Art Asia wechselte die Arbeit Banana 244 für USD 5.938,00 (€ 4.217,03) den Besitzer – und verfehlte damit das untere Ende der Schätzpreisspanne von USD 6.000,00 – 8.000,00. Freilich wurden Arbeiten von Cai Jin auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Banana Plant No. 18 im April 2011 mit einem Auktionsergebnis von HKD 400.000,00 (€ 34.761,49).

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