Chung Sanghwa - Frottage P.13

Chung Sanghwa

Frottage P.13

Found at Sothebys, Hong Kong
Contemporary Art Day Sale, Lot 534
1. Apr - 1. Apr 2018
Estimate: XX.XXX
Price realised: XX.XXX
Chung Sanghwa
B. 1932
FROTTAGE P.13
signed in English and dated 79; signed in Hanja and English, description in Hanja and dated 1979 on the reverse
frottage on canvas
77.4 by 74.8 cm; 30½ by 29½ in.
Private Asian Collection

Upper estimate price exceeded by 32 %.

The work Frottage P.13 by Chung Sang-Hwa was sold in the Contemporary Art Day Sale auction at Sothebys in Hong Kong in April 2018. It achieved a price of HKD 237,500.00 (€ 25,060.05), exceeding the upper end of the estimate range by 32%. Of course, this price has nothing to do with the top prices that other works by Chung Sang-Hwa achieve. The highest price we have observed so far was reached by the work Untitled 97-3-26 in October 2016 with an auction result of HKD 6,440,000.00 (€ 757,854.41).

Oberer Schätzpreis um 32 % übertroffen

Die Arbeit Frottage P.13 von Chung Sang-Hwa wurde im April 2018 in der Auktion Contemporary Art Day Sale bei Sothebys in Hong Kong versteigert. Sie erzielte dabei einen Preis von HKD 237.500,00 (€ 25.060,05) und übertraf damit das obere Ende der Schätzpreisspanne um 32%. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Chung Sang-Hwa erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Untitled 97-3-26 im Oktober 2016 mit einem Auktionsergebnis von HKD 6.440.000,00 (€ 757.854,41).

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