Yi Chen

Beyonchi

Found at Phillips, Online Auction
Handle With Care, Lot 54
04. Feb - 13. Feb 2019
Estimate: 600 - 800 USD
Price realised: 3.500 USD
signed, titled and dated ""Beyonchi" 09.'05 Yi Chen" on the overlap; further signed "Yi Chen" on the reverse
oil on canvas
24 x 18 in. (61 x 45.7 cm.)
Painted in 2005.
Marianne Boesky Gallery, New York | Acquired from the above by the present owner

Artwork auctioned at four times the upper estimate price

When the work Beyonchi by Chen Yi was auctioned at Phillips in an online auction in February 2019, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 800.00 but the actual price achieved was more than four times as high at USD 3,500.00 (€ 3,075.84). However, buyers have had to dig much deeper into their pockets for other works by Chen Yi - we have observed the highest auction result to date for the work Kathy–The International Beauty Advocate, which sold at auction in October 2008 for GBP 6,250.00 (€ 7,966.51).

Kunstwerk zum Vierfachen des oberen Schätzpreises versteigert

Als die Arbeit Beyonchi von Chen Yi im Februar 2019 bei Phillips in einer Online-Auktion versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 800,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 3.500,00 (€ 3.075,84) mehr als viermal so hoch. Für andere Arbeiten von Chen Yi mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Kathy–The International Beauty Advocate beobachtet, die im Oktober 2008 für GBP 6.250,00 (€ 7.966,51) versteigert wurde.

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