Lee Jaehyo

0121-1110=111

Found at Sothebys, Hong Kong
Contemporary Asian Art, Lot 841
7. Oct - 7. Oct 2012
Estimate: 110.000 - 160.000 HKD
Price realised: 87.500 HKD
Lee Jaehyo
B. 1965
0121-1110=111
title incised, executed in 2011
chestnut wood
46 (H) by 101.5 by 101.5 cm.; 18 1/8 (H) by 40 by 40 in.
Private Collection, Asia | Sotheby's, Hong Kong, 3 October, lot 974

Auction result misses estimated price range

In October 2012 a collector was able to acquire the work 0121-1110=111 by Lee Jaehyo for HKD 87,500.00 (€ 8,710.84). This price was achieved in the auction Contemporary Asian Art at Sothebys in Hong Kong and was even below the estimate range of HKD 110,000.00 – 160,000.00 set by the auction house. However, buyers have had to dig much deeper into their pockets for other works by Lee Jaehyo - we have observed the highest auction result to date for the work 0121-1110=110103, which sold at auction in April 2011 for HKD 400,000.00 (€ 34,761.49).

Auktionsergebnis verfehlt die Schätzpreisspanne

Im Oktober 2012 konnte ein Sammler die Arbeit 0121-1110=111 von Lee Jaehyo für HKD 87.500,00 (€ 8.710,84) erwerben. Dieser Preis wurde in der Auktion Contemporary Asian Art bei Sothebys in Hong Kong erzielt und lag noch unterhalb der von dem Auktionshaus angesetzten Schätzpreisspanne von HKD 110.000,00 – 160.000,00. Für andere Arbeiten von Lee Jaehyo mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit 0121-1110=110103 beobachtet, die im April 2011 für HKD 400.000,00 (€ 34.761,49) versteigert wurde.

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