Ren Zhenyu
President Obama
Estimate: 5.000 - 7.000 USD
Price realised: 4.063 USD
Price realised: 4.063 USD
Description
Ren Zhenyu
B.1976
PRESIDENT OBAMA
signed in Chinese and dated 2009
oil on canvas
39 1/4 by 35 1/2 in. 100 by 90 cm.
Private Collection, Europe (acquired directly from the artist)
B.1976
PRESIDENT OBAMA
signed in Chinese and dated 2009
oil on canvas
39 1/4 by 35 1/2 in. 100 by 90 cm.
Private Collection, Europe (acquired directly from the artist)
Auction result misses estimated price range
When the work President Obama by Ren Zhenyu was auctioned at Sothebys in New York in June 2014, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 5,000.00 – 7,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 4,063.00 (€ 2,967.86). Admittedly, works by Ren Zhenyu have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Mao No. 2 in October 2019 with an auction result of HKD 187,500.00 (€ 21,430.97).
Auktionsergebnis verfehlt die Schätzpreisspanne
Als die Arbeit President Obama von Ren Zhenyu im Juni 2014 bei Sothebys in New York versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 5.000,00 – 7.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 4.063,00 (€ 2.967,86) den Besitzer. Freilich wurden Arbeiten von Ren Zhenyu auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Mao No. 2 im Oktober 2019 mit einem Auktionsergebnis von HKD 187.500,00 (€ 21.430,97).
Ren Zhenyu - Auction history
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