Zhong Biao

Old Man And The Sea

Found at Sothebys, Hong Kong
The Ullens Collection - The Nascence of Avant Garde China, Lot 905
3. Apr - 3. Apr 2011
Estimate: 150.000 - 250.000 HKD
Price realised: 187.500 HKD
Zhong Biao
B. 1968
OLD MAN AND THE SEA
Signed in Chinese and Pinyin, titled in Chinese and English and dated 1999 on the reverse
acrylic and charcoal on canvas
130 by 96.5 cm.; 51 1/4 by 38 in.
Hanart TZ Gallery, Hong Kong

Auction result well in line with expectations

In April 2011 Sothebys in Hong Kong held the auction The Ullens Collection - The Nascence of Avant Garde China, which included the work Old Man And The Sea by Zhong Biao. The price achieved of HKD 187,500.00 (€ 16,294.45) was within expectations - the estimate range had previously been set by the auction house as HKD 150,000.00 – 250,000.00. Admittedly, works by Zhong Biao have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Marksman in March 2008 with an auction result of USD 121,000.00 (€ 76,558.05).

Auktionsergebnis im Rahmen der Erwartungen

Im April 2011 führte Sothebys in Hong Kong die Auktion The Ullens Collection - The Nascence of Avant Garde China durch, in der auch die Arbeit Old Man And The Sea von Zhong Biao zur Versteigerung kam. Der dabei erzielte Preis von HKD 187.500,00 (€ 16.294,45) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 150.000,00 – 250.000,00 angegeben worden. Freilich wurden Arbeiten von Zhong Biao auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Marksman im März 2008 mit einem Auktionsergebnis von USD 121.000,00 (€ 76.558,05).

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