Tseng Kwong Chi
Lake Ninevah, Vermont, 1985
Found at
Sothebys,
New York
Dear Keith: Works from the Personal Collection of Keith Haring, Lot 1131
1. Oct - 1. Oct 2020
Dear Keith: Works from the Personal Collection of Keith Haring, Lot 1131
1. Oct - 1. Oct 2020
Estimate: 6.000 - 9.000 USD
Price realised: 50.400 USD
Price realised: 50.400 USD
Description
THIS LOT IS BEING OFFERED AT NO RESERVE
Dear Keith: Works from the Personal Collection of Keith Haring
TSENG KWONG CHI
1950 - 1990
LAKE NINEVAH, VERMONT, 1985
large-format gelatin silver print
Image: 36¼ by 36¼ in. (92.1 by 92.1 cm.)
Framed: 38 by 38 in. (96.5 by 96.5 cm.)
Executed in 1985.
Estate of Keith Haring, New York (acquired directly from the artist) | The Keith Haring Foundation (by bequest from the above in 1990)
Dear Keith: Works from the Personal Collection of Keith Haring
TSENG KWONG CHI
1950 - 1990
LAKE NINEVAH, VERMONT, 1985
large-format gelatin silver print
Image: 36¼ by 36¼ in. (92.1 by 92.1 cm.)
Framed: 38 by 38 in. (96.5 by 96.5 cm.)
Executed in 1985.
Estate of Keith Haring, New York (acquired directly from the artist) | The Keith Haring Foundation (by bequest from the above in 1990)
Artwork auctioned at five times the upper estimate price
When the work Lake Ninevah, Vermont, 1985 by Tseng Kwong Chi was auctioned at Sothebys in New York in October 2020, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 9,000.00 but the actual price achieved was more than five times as high at USD 50,400.00 (€ 43,272.95). However, buyers have had to dig much deeper into their pockets for other works by Tseng Kwong Chi - we have observed the highest auction result to date for the work Jean-Michel Basquiat, New York, 1987, which sold at auction in November 2021 for USD 125,000.00 (€ 110,746.88).
Kunstwerk zum Fünffachen des oberen Schätzpreises versteigert
Als die Arbeit Lake Ninevah, Vermont, 1985 von Tseng Kwong Chi im Oktober 2020 bei Sothebys in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 9.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 50.400,00 (€ 43.272,95) mehr als fünfmal so hoch. Für andere Arbeiten von Tseng Kwong Chi mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Jean-Michel Basquiat, New York, 1987 beobachtet, die im November 2021 für USD 125.000,00 (€ 110.746,88) versteigert wurde.
Tseng Kwong Chi - Auction history
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