Park Re-Hyun - Untitled (Work 14)

Park Re-Hyun

Untitled (Work 14)

Found at Christies, Hong Kong
Modern and Contemporary Art Day Sale, Lot 277
11.Jul - 11.Jul.2020
Estimate: 150.000 - 350.000 HKD
Price realised: 750.000 HKD
Description
watercolour and pigment on Korean paper
74.7 x 87.9 cm. (29 3/8 x 34 5/8 in.)
Painted in 1966
one seal of the artist
Private Collection, Asia
en de

Upper estimate price exceeded by more than 100%

This artwork by Park Re-hyun achieved an unexpectedly high price at Christies in Hong Kong in July 2020. In the Modern and Contemporary Art Day Sale auction, the work Untitled (Work 14) sold for HKD 750,000.00 (€ 82,172.58) - well above the upper estimate of HKD 350,000.00. However, buyers have had to dig much deeper into their pockets for other works by Park Re-hyun - we have observed the highest auction result to date for the work without title, which sold at auction in December 2020 for HKD 3,000,000.00 (€ 316,435.00).

Oberer Schätzpreis um mehr als 100% übertroffen

Dieses Kunstwerk von Park Re-hyun erzielte im Juli 2020 bei Christies in Hong Kong einen unerwartet hohen Preis. In der Auktion Modern and Contemporary Art Day Sale wurde die Arbeit Untitled (Work 14) für HKD 750.000,00 (€ 82.172,58) versteigert – und damit weit über dem oberen Schätzpreis von HKD 350.000,00. Für andere Arbeiten von Park Re-hyun mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit ohne Titel beobachtet, die im Dezember 2020 für HKD 3.000.000,00 (€ 316.435,00) versteigert wurde.

Park Re-hyun - Auction history

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