Amoako Boafo

Untitled

Found at Sothebys, London
Modern & Contemporary African Art, Lot 2
9. Oct - 9. Oct 2020
Estimate: 8.000 - 12.000 GBP
Price realised: 56.700 GBP
AMOAKO BOAFO
Ghanaian
b.1984
UNTITLED
signed and dated 2018 (on the reverse)
oil on card
35 by 33.5cm., 13¾ by 13¼in.
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Acquired directly from the artist by the present owner

Artwork auctioned at four times the upper estimate price

When this work without title by Amoako Boafo was auctioned at Sothebys in London in October 2020, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - GBP 12,000.00 but the actual price achieved was more than four times as high at GBP 56,700.00 (€ 62,960.51). 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 Vierfachen des oberen Schätzpreises versteigert

Als die Arbeit ohne Titel von Amoako Boafo im Oktober 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 12.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit GBP 56.700,00 (€ 62.960,51) mehr als viermal 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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