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Zheng Guogu - Calligraphy Waterfall

Zheng Guogu

Calligraphy Waterfall

Found at Sothebys, New York
TO LIVE WITH ART: Property from the Jerome & Ellen Stern Collection, Lot 92
5. Mar - 5. Mar 2018
Estimate: XX.XXX
Price realised: XX.XXX
Zheng Guogu
B. 1970
CALLIGRAPHY WATERFALL
wax, newspaper and printed paper assemblage
63 by 54 1/2 by 54 in. 160 by 138.4 by 137.2 cm.
Executed in 2006. 
Vitamin Creative Space, Guangzhou China | Acquired from the above by the present owner

Auction result misses estimated price range

When the work Calligraphy Waterfall by Zheng Guogu was auctioned at Sothebys in New York in March 2018, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 40,000.00 – 60,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 30,000.00 (€ 24,350.65). However, buyers have had to dig much deeper into their pockets for other works by Zheng Guogu - we have observed the highest auction result to date for the work Waterfall, which sold at auction in May 2012 for HKD 560,000.00 (€ 58,337.11).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als die Arbeit Calligraphy Waterfall von Zheng Guogu im März 2018 bei Sothebys in New York versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 40.000,00 – 60.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 30.000,00 (€ 24.350,65) den Besitzer. Für andere Arbeiten von Zheng Guogu mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Waterfall beobachtet, die im Mai 2012 für HKD 560.000,00 (€ 58.337,11) versteigert wurde.

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