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Masami Teraoka - Los Angeles Sushi Ghost Tales/Sushi Assortment

Masami Teraoka

Los Angeles Sushi Ghost Tales/Sushi Assortment

Found at Christies, Hong Kong
Asian 20th Century Art (Day Sale), Lot 464
27.Mai - 27.Mai.2018
Estimate: XX.XXX
Price realised: XX.XXX
signed with two artist's monograms (lower right); three labels of Space Gallery, University Art Gallery Sonoma State University Exhibition and Catharine Clark Gallery affixed on the reverse
watercolour on paper
50.5 x 35 cm. (19 7/8 x 13 3/4 in.)
Painted in 1979
Space Gallery, Los Angeles, USA | Private Collection, USA | Catharine Clark Gallery, San Francisco, USA | Private Collection, Palo Alto, USA

Auction result misses estimated price range

When the work Los Angeles Sushi Ghost Tales/Sushi Assortment by Masami Teraoka was auctioned at Christies in Hong Kong in May 2018, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of HKD 180,000.00 – 320,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for HKD 112,500.00 (€ 12,291.13). Of course, this price has nothing to do with the top prices that other works by Masami Teraoka achieve. The highest price we have observed so far was reached by the work The Cloisters Venus and Pope's Workout in November 2009 with an auction result of HKD 4,820,000.00 (€ 414,685.87).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als die Arbeit Los Angeles Sushi Ghost Tales/Sushi Assortment von Masami Teraoka im Mai 2018 bei Christies in Hong Kong versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von HKD 180.000,00 – 320.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für HKD 112.500,00 (€ 12.291,13) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Masami Teraoka erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit The Cloisters Venus and Pope's Workout im November 2009 mit einem Auktionsergebnis von HKD 4.820.000,00 (€ 414.685,87).

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