Hong Hao
The Long March In Panjiayuan A
Found at
Christies,
New York (Online Auction)
Asian Contemporary Art Online: featuring the Chaney Family Collection, Lot 7060
20.Nov - 27.Nov.2017
Asian Contemporary Art Online: featuring the Chaney Family Collection, Lot 7060
20.Nov - 27.Nov.2017
Estimate: XX.XXX
Price realised: XX.XXX
Price realised: XX.XXX
Description
signed, titled, numbered, and dated 'The Long March in Panjiayuan A 20/25 Hong Hao 2004' (on the reverse)
digital chromogenic print
59.7 x 109 cm. (23½ x 43 in.)
Executed in 2004
edition 20/25
Acquired directly from the artist by the present owner | Private Collection, New York, USA
digital chromogenic print
59.7 x 109 cm. (23½ x 43 in.)
Executed in 2004
edition 20/25
Acquired directly from the artist by the present owner | Private Collection, New York, USA
Auction result misses estimated price range
When the work The Long March In Panjiayuan A by Hong Hao was auctioned at Christies in New York in November 2017, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 3,000.00 – 5,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 2,500.00 (€ 2,101.19). Of course, this price has nothing to do with the top prices that other works by Hong Hao achieve. The highest price we have observed so far was reached by the work Money Front in October 2007 with an auction result of HKD 727,500.00 (€ 64,865.57).
Auktionsergebnis verfehlt die Schätzpreisspanne
Als die Arbeit The Long March In Panjiayuan A von Hong Hao im November 2017 bei Christies in New York versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 3.000,00 – 5.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 2.500,00 (€ 2.101,19) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Hong Hao erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Money Front im Oktober 2007 mit einem Auktionsergebnis von HKD 727.500,00 (€ 64.865,57).
