Chung Sang-Hwa

Untitled 85-6-3

Found at Phillips, Hong Kong Auction
20th Century & Contemporary Art & Design Evening Sale, Lot 40
26. Nov - 26. Nov 2017
Estimate: 3.200.000 - 5.200.000 HKD
Price realised: 3.940.000 HKD
1985
signed, titled and dated '1985 "Untitled 85-6-3 [in Hanja]" CHUNG SANG-HWA [in Hanja and English]' on the reverse
acrylic on burlap
129.4 x 129 cm (50 7/8 x 50 3/4 in.)
Painted in 1985.
Kukje Gallery, Seoul | Acquired from the above by the present owner

Auction result well in line with expectations

The work Untitled 85-6-3 by Chung Sang-Hwa was sold in the 20th Century & Contemporary Art & Design Evening Sale auction at Phillips in Hong Kong in November 2017. The price achieved of HKD 3,940,000.00 (€ 424,200.71) was within expectations - the estimate range had previously been set by the auction house as HKD 3,200,000.00 – 5,200,000.00. Other works by Chung Sang-Hwa have already achieved higher auction prices, for example, in October 2016 the work Untitled 97-3-26 was auctioned for HKD 6,440,000.00 (€ 757,854.41).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Untitled 85-6-3 von Chung Sang-Hwa wurde im November 2017 in der Auktion 20th Century & Contemporary Art & Design Evening Sale bei Phillips in Hong Kong versteigert. Der dabei erzielte Preis von HKD 3.940.000,00 (€ 424.200,71) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 3.200.000,00 – 5.200.000,00 angegeben worden. Andere Arbeiten von Chung Sang-Hwa konnten bereits höhere Auktionspreise erzielen, so wurde im Oktober 2016 die Arbeit Untitled 97-3-26 für HKD 6.440.000,00 (€ 757.854,41) versteigert.

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