Wu Guanzhong
Longxu Island
Found at
Christies,
Hong Kong
Fine Chinese Modern and Contemporary Ink Paintings, Lot 1077
2. Dec - 2. Dec 2022
Fine Chinese Modern and Contemporary Ink Paintings, Lot 1077
2. Dec - 2. Dec 2022
Estimate: 1.000.000 - 1.500.000 HKD
Price realised: 4.788.000 HKD
Price realised: 4.788.000 HKD
Description
WU GUANZHONG (1919-2010)
Longxu Island
Scroll, mounted and framed, ink and gouache on paper
37 x 40 cm. (14 5/8 x 15 3/4 in.)
Entitled, inscribed and signed by the artist
Dated 1976
NOTE:
The painting was not signed by the artist at the time of publication in 1979. This is a common occurrence in the artist's earlier works.
Longxu Island
Scroll, mounted and framed, ink and gouache on paper
37 x 40 cm. (14 5/8 x 15 3/4 in.)
Entitled, inscribed and signed by the artist
Dated 1976
NOTE:
The painting was not signed by the artist at the time of publication in 1979. This is a common occurrence in the artist's earlier works.
Artwork auctioned at three times the upper estimate price
The work Longxu Island by Wu Guanzhong was worth HKD 4,788,000.00 (€ 573,772.29) to a buyer in December last year. This price was achieved in the auction Fine Chinese Modern and Contemporary Ink Paintings at Christies in Hong Kong and exceeded the previously set upper estimate of HKD 1,500,000.00 many times over. Of course, this price has nothing to do with the top prices that other works by Wu Guanzhong achieve. The highest price we have observed so far was reached by the work The Zhou Village in April 2016 with an auction result of HKD 236,000,000.00 (€ 26,588,934.53).
Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert
Die Arbeit Longxu Island von Wu Guanzhong war einem Käufer im Dezember letzten Jahres HKD 4.788.000,00 (€ 573.772,29) wert. Dieser Preise wurde in der Auktion Fine Chinese Modern and Contemporary Ink Paintings bei Christies in Hong Kong erzielt und übertraf den zuvor angesetzten oberen Schätzpreis von HKD 1.500.000,00 um ein Vielfaches. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Wu Guanzhong erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit The Zhou Village im April 2016 mit einem Auktionsergebnis von HKD 236.000.000,00 (€ 26.588.934,53).
Wu Guanzhong - Auction history
Other artists in this auction
