Li Fang

Untitled (LI 21)

Found at Bonhams
Add to cARTModern & Contemporary Art Online, Lot 56
18. Oct - 26. Oct 2021
Estimate: 25.000 - 35.000 HKD
Price realised: 20.400 HKD
Li Fang (1933-2020)
Untitled (LI 21)
1965
signed and dated 1965 on the reverse
oil on canvas
45 x 78 cm (17 11/16 x 30 11/16 in)
Artist Collection, Switzerland | Gift from the above to the present owner

Auction result misses estimated price range

When the work Untitled (LI 21) by Li Fang was auctioned at Bonhams in October 2021, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of HKD 25,000.00 – 35,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for HKD 20,400.00 (€ 2,269.22). Of course, this price has nothing to do with the top prices that other works by Li Fang achieve. The highest price we have observed so far was reached by the work Watching The Clouds in April 2014 with an auction result of HKD 517,500.00 (€ 48,130.86).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als die Arbeit Untitled (LI 21) von Li Fang im Oktober 2021 bei Bonhams versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von HKD 25.000,00 – 35.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für HKD 20.400,00 (€ 2.269,22) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Li Fang erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Watching The Clouds im April 2014 mit einem Auktionsergebnis von HKD 517.500,00 (€ 48.130,86).

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