Luo Quanmu

RESCUE SERIES 2

Found at Christies, Hong Kong
Asian Contemporary Art (Day Sale), Lot 200
27. Nov - 27. Nov 2016
Estimate: 80.000 - 120.000 HKD
Price realised: 112.500 HKD
signed 'Quan Mu' in Pinyin; signed in Chinese; dated '2005'; titled in Chinese (on the reverse)
oil on canvas
146 x 130 cm. (57 1/2 x 51 1/8 in.)
Painted in 2005
Anon. Sale, Sotheby's Hong Kong, 8 April 2006, Lot 507 | Acquired from the above by the present owner

Auction result well in line with expectations

In November 2016 Christies in Hong Kong held the auction Asian Contemporary Art (Day Sale), which included the work RESCUE SERIES 2 by Luo Quanmu. It changed hands for a price of HKD 112,500.00 (€ 13,708.88) achieving a result in the upper range of the estimate price range of HKD 80,000.00 – 120,000.00. However, buyers have had to dig much deeper into their pockets for other works by Luo Quanmu - we have observed the highest auction result to date for the work Beekeeper, which sold at auction in April 2015 for HKD 413,000.00 (€ 47,730.69).

Auktionsergebnis im Rahmen der Erwartungen

Im November 2016 führte Christies in Hong Kong die Auktion Asian Contemporary Art (Day Sale) durch, in der auch die Arbeit RESCUE SERIES 2 von Luo Quanmu zur Versteigerung kam. Dabei wechselte sie für einen Preis von HKD 112.500,00 (€ 13.708,88) den Besitzer und erzielte damit ein Ergebnis im oberen Bereich der Schätzpreisspanne von HKD 80.000,00 – 120.000,00. Für andere Arbeiten von Luo Quanmu mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Beekeeper beobachtet, die im April 2015 für HKD 413.000,00 (€ 47.730,69) versteigert wurde.

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