Romulo Olazo - Permutation series II no. 115 (B-XVII)

Romulo Olazo

Permutation series II no. 115 (B-XVII)

Found at Christies, Hong Kong
Southeast Asian Modern and Contemporary Art, Lot 76
24. May - 24. May 2008
Estimate: 120.000 - 160.000 HKD
Price realised: 427.500 HKD
Description
ROMULO OLAZO (b. The Philippines 1934)
Permutation series II no. 115 (B-XVII)
acrylic on canvas
60 x 84 in. (152.5 x 213.5 cm.)
en de

Upper estimate price exceeded by more than 100%

This artwork by Romulo Olazo achieved an unexpectedly high price at Christies in Hong Kong in May 2008. In the Southeast Asian Modern and Contemporary Art auction, the work Permutation series II no. 115 (B-XVII) sold for HKD 427,500.00 (€ 35,194.57) - well above the upper estimate of HKD 160,000.00. Despite this good result, it is not the highest hammer price for an artwork by Romulo Olazo; that achieved among the auctions we observed the lot Diaphanous sold at auction in December 2021 with the realized price of HKD 350,000.00 (€ 39,644.81).

Oberer Schätzpreis um mehr als 100% übertroffen

Dieses Kunstwerk von Romulo Olazo erzielte im Mai 2008 bei Christies in Hong Kong einen unerwartet hohen Preis. In der Auktion Southeast Asian Modern and Contemporary Art wurde die Arbeit Permutation series II no. 115 (B-XVII) für HKD 427.500,00 (€ 35.194,57) versteigert – und damit weit über dem oberen Schätzpreis von HKD 160.000,00. Trotz des guten Ergebnisses ist dies nicht der höchste Zuschlag für ein Kunstwerk von Romulo Olazo; den erzielte unter den von uns beobachteten Auktionen die Arbeit Diaphanous im Dezember 2021 mit dem Hammerpreis von HKD 350.000,00 (€ 39.644,81).

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Catherine Lupis Thomas

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