Amoako Boafo

Untitled (Portrait Of A Young Man)

Found at Sothebys, London
Contemporary Art Day Sale, Lot 807
30. Jul - 30. Jul 2020
Estimate: 6.000 - 8.000 GBP
Price realised: 87.500 GBP
AMOAKO BOAFO
b. 1984
UNTITLED (PORTRAIT OF A YOUNG MAN)
signed and dated 2018 on the reverse
oil on card
sheet: 35 by 33.1 cm. 13¾ by 13 in.
framed: 53.7 by 52 cm. 21⅛ by 20½ in.
Please note: Condition 11 of the Conditions of Business for Buyers (Online Only) is not applicable to this lot.
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Acquired directly from the artist by the present owner

Artwork auctioned at ten times the upper estimate price

When the work Untitled (Portrait Of A Young Man) by Amoako Boafo was auctioned at Sothebys in London in July 2020, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - GBP 8,000.00 but the actual price achieved was more than ten times as high at GBP 87,500.00 (€ 97,599.58). Of course, this price has nothing to do with the top prices that other works by Amoako Boafo achieve. The highest price we have observed so far was reached by the work Hands Up in December 2021 with an auction result of HKD 26,650,000.00 (€ 3,018,669.38).

Kunstwerk zum Zehnfachen des oberen Schätzpreises versteigert

Als die Arbeit Untitled (Portrait Of A Young Man) von Amoako Boafo im Juli 2020 bei Sothebys in London versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – GBP 8.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit GBP 87.500,00 (€ 97.599,58) mehr als zehnmal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Amoako Boafo erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Hands Up im Dezember 2021 mit einem Auktionsergebnis von HKD 26.650.000,00 (€ 3.018.669,38).

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