Chung Sanghwa

Untitled 97-3-26

Found at Sothebys, Hong Kong
#TTTOP, Lot 615
3. Oct - 3. Oct 2016
Estimate: 6.000.000 - 8.000.000 HKD
Price realised: 6.440.000 HKD
Chung Sanghwa
B. 1932
UNTITLED 97-3-26
signed in Hanja and English, titled in Hanja and dated 1997 on the reverse, framed
acrylic on canvas
194 by 259 cm; 76⅜ by 102 in.
Private Collection (acquired directly from the artist) | Acquired by the present owner from the above

A top price for Chung Sang-Hwa - as previously expected

In October 2016 Sothebys in Hong Kong held the auction #TTTOP, which included the work Untitled 97-3-26 by Chung Sang-Hwa. The estimated price for the artwork was previously given by the auction house with a range of HKD 6,000,000.00 – 8,000,000.00, the actual price achieved of HKD 6,440,000.00 (€ 757,854.41) could thus just exceed the lower estimate. Even if this result could not surprise positively, Untitled 97-3-26 is the most expensive artwork by Chung Sang-Hwa that we have observed at auctions so far.

Ein Spitzenpreis mit Ansage

Im Oktober 2016 führte Sothebys in Hong Kong die Auktion #TTTOP durch, in der auch die Arbeit Untitled 97-3-26 von Chung Sang-Hwa zur Versteigerung kam. Der Schätzpreis für das Kunstwerk wurde von dem Auktionshaus zuvor mit einer Spanne von HKD 6.000.000,00 – 8.000.000,00 angegeben, der tatsächlich erzielte Preis von HKD 6.440.000,00 (€ 757.854,41) konnte den unteren Schätzpreis somit knapp übertreffen. Auch wenn das Ergebnis damit nicht positiv überraschen konnte, ist Untitled 97-3-26 das teuerste Kunstwerk von Chung Sang-Hwa, das wir bisher bei Auktionen beobachtet haben.

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