Qiu Yacai
Portrait
Found at
Christies,
Hong Kong
Asian Contemporary Art (Day Sale), Lot 321
26.Nov - 26.Nov.2017
Asian Contemporary Art (Day Sale), Lot 321
26.Nov - 26.Nov.2017
Estimate: XX.XXX
Price realised: XX.XXX
Price realised: XX.XXX
Description
signed with artist's signature (lower right)
oil on canvas
130.5 x 97.5 cm. (51 3/8 x 38 3/8 in.)
Hanart T Z Gallery, Hong Kong | Acquired from the above by the present owner | Private Collection, Asia
oil on canvas
130.5 x 97.5 cm. (51 3/8 x 38 3/8 in.)
Hanart T Z Gallery, Hong Kong | Acquired from the above by the present owner | Private Collection, Asia
Auction result well in line with expectations
The work Portrait by Qiu Yacai was auctioned at Christies in Hong Kong in November 2017. The price achieved of HKD 475,000.00 (€ 51,140.95) was within expectations - the estimate range had previously been set by the auction house as HKD 380,000.00 – 550,000.00. However, buyers have had to dig much deeper into their pockets for other works by Qiu Yacai - we have observed the highest auction result to date for the work Model(Painted In 1993), which sold at auction in October 2017 for HKD 1,534,000.00 (€ 168,834.82).
Auktionsergebnis im Rahmen der Erwartungen
Die Arbeit Portrait von Qiu Yacai kam im November 2017 bei Christies in Hong Kong zur Auktion. Der dabei erzielte Preis von HKD 475.000,00 (€ 51.140,95) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 380.000,00 – 550.000,00 angegeben worden. Für andere Arbeiten von Qiu Yacai mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Model(Painted In 1993) beobachtet, die im Oktober 2017 für HKD 1.534.000,00 (€ 168.834,82) versteigert wurde.
