Elian Chali

Verticalidad V

Found at Sothebys, London (Online Auction)
Contemporary Art Online | London, Lot 29
22. Aug - 22. Aug 2019
Estimate: 1.000 - 1.500 GBP
Price realised: 1.125 GBP
ELIAN CHALI
b. 1988
VERTICALIDAD V
signed, titled and dated 2017 on the reverse
acrylic on canvas
158 by 44 cm. 62¼ by 17⅜ in.
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Private Collection, Hong Kong | Sotheby's, Hong Kong, TAKE IT TO THE STREETS: Auction to benefit HOCA Foundation, 8 December 2017, Lot 982 | Acquired from the above by the present owner

Auction result well in line with expectations

The work Verticalidad V by Elian Chali was sold in the Contemporary Art Online | London auction at Sothebys in London in August 2019. The estimated price for the artwork was previously given by the auction house with a range of GBP 1,000.00 – 1,500.00, the actual price achieved of GBP 1,125.00 (€ 1,245.50) could thus just exceed the lower estimate. However, buyers have had to dig much deeper into their pockets for other works by Elian Chali - we have observed the highest auction result to date for the work Verticalidad Iv, which sold at auction in December 2017 for HKD 30,000.00 (€ 3,194.14).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Verticalidad V von Elian Chali wurde im August 2019 in der Auktion Contemporary Art Online | London bei Sothebys in London versteigert. Der Schätzpreis für das Kunstwerk wurde von dem Auktionshaus zuvor mit einer Spanne von GBP 1.000,00 – 1.500,00 angegeben, der tatsächlich erzielte Preis von GBP 1.125,00 (€ 1.245,50) konnte den unteren Schätzpreis somit knapp übertreffen. Für andere Arbeiten von Elian Chali mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Verticalidad Iv beobachtet, die im Dezember 2017 für HKD 30.000,00 (€ 3.194,14) versteigert wurde.

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