Chao Chung-Hsiang

Warmth(Painted In 1989)

Found at China Guardian, Hong Kong
Asian 20th Century and Contemporary Art, Lot 669
30. Mar - 30. Mar 2019
Estimate: 120.000 - 180.000 HKD
Price realised: 141.600 HKD
Acrylic, ink and color on paper
45 × 45 cm. 17 3/4 x 17 3/4 in.
Signed in Chinese and English, dated on upper left
Original Collection of Mr. Wang Wenjun, Taiwan | Private Collection, Asia

Auction result well in line with expectations

The work Warmth(Painted In 1989) by Chao Chung-Hsiang was sold in the Asian 20th Century and Contemporary Art auction at China Guardian in Hong Kong in March 2019. The price achieved of HKD 141,600.00 (€ 16,066.83) was within expectations - the estimate range had previously been set by the auction house as HKD 120,000.00 – 180,000.00. Of course, this price has nothing to do with the top prices that other works by Chao Chung-Hsiang achieve. The highest price we have observed so far was reached by the work Five Phases in April 2016 with an auction result of HKD 5,840,000.00 (€ 657,963.46).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Warmth(Painted In 1989) von Chao Chung-Hsiang wurde im März 2019 in der Auktion Asian 20th Century and Contemporary Art bei China Guardian in Hong Kong versteigert. Der dabei erzielte Preis von HKD 141.600,00 (€ 16.066,83) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 120.000,00 – 180.000,00 angegeben worden. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Chao Chung-Hsiang erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Five Phases im April 2016 mit einem Auktionsergebnis von HKD 5.840.000,00 (€ 657.963,46).

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