Satoshi Watanabe
World Trade Center & Cascade
Estimate: 60.000 - 80.000 HKD
Price realised: 336.000 HKD
Price realised: 336.000 HKD
Description
SATOSHI WATANABE (Born in 1967, Japanese)
World Trade Center & Cascade
signed, titled and dated 'Satoshi Watanabe; WTO (L); WTO (R); Cascade; 2003; 02' in English (on reverse)
oil on canvas oil on vinyl chloride diptych; oil on canvas
116.8 x 116.8 cm. (46 x 46 in.)(460-1); 58.7 x 58.7 cm. (23 1/8 x 23 1/8 in.)(460-2); 29 x 21.3 cm. (11 3/8 x 8 1/4 in.)(460-3)
Painted in 2002 & 2003
(3)
World Trade Center & Cascade
signed, titled and dated 'Satoshi Watanabe; WTO (L); WTO (R); Cascade; 2003; 02' in English (on reverse)
oil on canvas oil on vinyl chloride diptych; oil on canvas
116.8 x 116.8 cm. (46 x 46 in.)(460-1); 58.7 x 58.7 cm. (23 1/8 x 23 1/8 in.)(460-2); 29 x 21.3 cm. (11 3/8 x 8 1/4 in.)(460-3)
Painted in 2002 & 2003
(3)
Artwork auctioned at four times the upper estimate price
When the work World Trade Center & Cascade by Satoshi Watanabe was auctioned at Christies in Hong Kong in May 2007, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - HKD 80,000.00 but the actual price achieved was more than four times as high at HKD 336,000.00 (€ 31,994.05). However, buyers have had to dig much deeper into their pockets for other works by Satoshi Watanabe - we have observed the highest auction result to date for the work Museum Series - Le Museé du Louvre, which sold at auction in November 2007 for HKD 1,447,500.00 (€ 126,537.99).
Kunstwerk zum Vierfachen des oberen Schätzpreises versteigert
Als die Arbeit World Trade Center & Cascade von Satoshi Watanabe im Mai 2007 bei Christies in Hong Kong versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – HKD 80.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit HKD 336.000,00 (€ 31.994,05) mehr als viermal so hoch. Für andere Arbeiten von Satoshi Watanabe mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Museum Series - Le Museé du Louvre beobachtet, die im November 2007 für HKD 1.447.500,00 (€ 126.537,99) versteigert wurde.
Satoshi Watanabe - Auction history
Other artists in this auction
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