Wang Guangle

News No.1

Found at Christies, Shanghai
FIRST OPEN | Shanghai, Lot 128
22. Oct - 22. Oct 2016
Estimate: 350.000 - 550.000 CNY
Price realised: 420.000 CNY
signed and title in Chinese; dated ‘2001’ (on the reverse)
oil on canvas
140 x 180 cm. (55 1/8 x 70 7/8 in.)
Painted in 2001
Private Collection, Asia

Auction result well in line with expectations

The work News No.1 by Wang Guangle was auctioned at Christies in Shanghai in October 2016. The price achieved of CNY 420,000.00 (€ 56,551.72) was within expectations - the estimate range had previously been set by the auction house as CNY 350,000.00 – 550,000.00. Of course, this price has nothing to do with the top prices that other works by Wang Guangle achieve. The highest price we have observed so far was reached by the work TERRAZZO NO. 12 in November 2016 with an auction result of HKD 4,860,000.00 (€ 592,223.48).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit News No.1 von Wang Guangle kam im Oktober 2016 bei Christies in Shanghai zur Auktion. Der dabei erzielte Preis von CNY 420.000,00 (€ 56.551,72) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit CNY 350.000,00 – 550.000,00 angegeben worden. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Wang Guangle erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit TERRAZZO NO. 12 im November 2016 mit einem Auktionsergebnis von HKD 4.860.000,00 (€ 592.223,48).

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