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Xu Zhen - Spread - Ignorant Currency

Xu Zhen

Spread - Ignorant Currency

Found at Christies, Hong Kong
21st Century Art Day Sale, Lot 396
29. May - 29. May 2023
Estimate: XX.XXX
Price realised: XX.XXX
XU ZHEN (B. 1977)
Spread - Ignorant Currency
signed with artist's signature and dated '2013' (on the reverse)
mixed media on canvas
212.6 x 311 cm. (83 3/4 x 122 1/2 in.)
Executed in 2013

Upper estimate price exceeded by 82 %.

This artwork by Xu Zhen achieved an unexpectedly high price at Christies in Hong Kong in May this year. In the 21st Century Art Day Sale auction, the work Spread - Ignorant Currency sold for HKD 327,600.00 (€ 39,266.49) - well above the upper estimate of HKD 180,000.00. However, buyers have had to dig much deeper into their pockets for other works by Xu Zhen - we have observed the highest auction result to date for the work Under Heaven-2207FI1312, which sold at auction in April 2014 for CNY 810,000.00 (€ 93,439.08).

Oberer Schätzpreis um 82 % übertroffen

Dieses Kunstwerk von Xu Zhen erzielte im Mai diesen Jahres bei Christies in Hong Kong einen unerwartet hohen Preis. In der Auktion 21st Century Art Day Sale wurde die Arbeit Spread - Ignorant Currency für HKD 327.600,00 (€ 39.266,49) versteigert – und damit weit über dem oberen Schätzpreis von HKD 180.000,00. Für andere Arbeiten von Xu Zhen mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Under Heaven-2207FI1312 beobachtet, die im April 2014 für CNY 810.000,00 (€ 93.439,08) versteigert wurde.

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