Yun Hyongkeun - Burnt Umber & Ultramarine

Yun Hyongkeun

Burnt Umber & Ultramarine

Found at Sothebys, Hong Kong
Contemporary Asian Art, Lot 705
3. Oct - 3. Oct 2016
Estimate: 1.000.000 - 1.500.000 HKD
Price realised: 1.062.500 HKD
Description
Yun Hyongkeun
1928 - 2007
BURNT UMBER & ULTRAMARINE
signed in Hanja and dated 1990 on the reverse, framed
oil on linen
130.5 by 162.3 cm; 51⅜ by 63⅞ in.
PKM Gallery, Seoul | Acquired by the present owner from the above
en de

Auction result well in line with expectations

In October 2016 Sothebys in Hong Kong held the auction Contemporary Asian Art, which included the work Burnt Umber & Ultramarine by Yun Hyong-Keun. The estimated price for the artwork was previously given by the auction house with a range of HKD 1,000,000.00 – 1,500,000.00, the actual price achieved of HKD 1,062,500.00 (€ 125,034.21) could thus just exceed the lower estimate. Admittedly, works by Yun Hyong-Keun have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Umber-Blue 7-IIII-75 in May 2016 with an auction result of HKD 4,600,000.00 (€ 531,674.90).

Auktionsergebnis im Rahmen der Erwartungen

Im Oktober 2016 führte Sothebys in Hong Kong die Auktion Contemporary Asian Art durch, in der auch die Arbeit Burnt Umber & Ultramarine von Yun Hyong-Keun zur Versteigerung kam. Der Schätzpreis für das Kunstwerk wurde von dem Auktionshaus zuvor mit einer Spanne von HKD 1.000.000,00 – 1.500.000,00 angegeben, der tatsächlich erzielte Preis von HKD 1.062.500,00 (€ 125.034,21) konnte den unteren Schätzpreis somit knapp übertreffen. Freilich wurden Arbeiten von Yun Hyong-Keun auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Umber-Blue 7-IIII-75 im Mai 2016 mit einem Auktionsergebnis von HKD 4.600.000,00 (€ 531.674,90).

Yun Hyong-Keun - Auction history

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