Hon Chi Fun

Rite Of Red

Found at Christies, Hong Kong
Asian 20th Century Art (Day Sale), Lot 666
29. Nov - 29. Nov 2015
Estimate: 50.000 - 80.000 HKD
Price realised: 62.500 HKD
signed and dated 'HON 93'(edge of canvas) ; signed and titled in Chinese ; titled, dated and signed 'rite of red 1993 by HON CHI FUN' (on the reverse)
oil on canvas
101.5 x 101.5 cm. (40 x 40 in.)
Painted in 1993
Private Collection, Asia

Auction result well in line with expectations

The work Rite Of Red by Hon Chi Fun was sold in the Asian 20th Century Art (Day Sale) auction at Christies in Hong Kong in November 2015. The price achieved of HKD 62,500.00 (€ 7,633.50) was within expectations - the estimate range had previously been set by the auction house as HKD 50,000.00 – 80,000.00. However, buyers have had to dig much deeper into their pockets for other works by Hon Chi Fun - we have observed the highest auction result to date for the work Hsiang 65-5, which sold at auction in November 2015 for HKD 225,000.00 (€ 27,480.59).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Rite Of Red von Hon Chi Fun wurde im November 2015 in der Auktion Asian 20th Century Art (Day Sale) bei Christies in Hong Kong versteigert. Der dabei erzielte Preis von HKD 62.500,00 (€ 7.633,50) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 50.000,00 – 80.000,00 angegeben worden. Für andere Arbeiten von Hon Chi Fun mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Hsiang 65-5 beobachtet, die im November 2015 für HKD 225.000,00 (€ 27.480,59) versteigert wurde.

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