U Ba Thet

Market Scene

Found at Bonhams, New York
Modern & Contemporary Art and Southeast Asian Art, Lot 63
27. May - 27. May 2023
Estimate: 23.500 - 54.000 HKD
Price realised: 57.600 HKD
U Ba Thet (1903-1972)
Market Scene
signed
watercolour on paper
34 x 25 cm (13 3/8 x 9 7/8 in)
Private collection, UK

Upper estimated price slightly exceeded

The work Market Scene by U Ba Thet was auctioned at Bonhams in New York in May this year. Here, the upper estimate of HKD 54,000.00 was slightly exceeded - the artwork found a new owner for HKD 57,600.00 (€ 6,904.00). Other works by U Ba Thet have achieved even higher prices, we observed the highest auction result so far of HKD 87,500.00 (€ 9,630.41) in October 2017 for the work The Pagoda.

Oberer Schätzpreis leicht übertroffen

Die Arbeit Market Scene von U Ba Thet kam im Mai diesen Jahres bei Bonhams in New York zur Auktion. Dabei wurde der obere Schätzpreis von HKD 54.000,00 leicht übertroffen – das Kunstwerk fand für HKD 57.600,00 (€ 6.904,00) einen neuen Besitzer. Andere Arbeiten von U Ba Thet haben noch höhere Preise erzielt - wir haben das bisher höchste Auktionsergebnis von HKD 87.500,00 (€ 9.630,41) im Oktober 2017 für die Arbeit The Pagoda beobachtet.

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