Amoako Boafo

Untitled

Found at Phillips, New York Auction
20th Century & Contemporary Art Evening Sale, Lot 18
23. Jun - 23. Jun 2021
Estimate: 80.000 - 120.000 USD
Price realised: 655.200 USD
signed, inscribed and dated “AMOAKO M BOAFO 2018 KING” center left; signed, inscribed and dated “AMOAKO M BOAFO 2018 KING” on the reverse
oil on canvas
51 x 44 1/2 in. (129.5 x 113 cm)
Painted in 2018.

Artwork auctioned at five times the upper estimate price

When this work without title by Amoako Boafo was auctioned at Phillips in New York in June last year, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 120,000 but the actual price achieved was more than three times as high at USD 655,200 (€ 553,005). 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 Orange Shirt in March this year with an auction result of CNY 8,760,000 (€ 7,656,004).

Kunstwerk zum Fünffachen des oberen Schätzpreises versteigert

Als diese Arbeit ohne Titel von Amoako Boafo im Juni letzten Jahres bei Phillips in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 120.000 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 655.200 (€ 553.005) mehr als fünfmal 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 Orange Shirt im März diesen Jahres mit einem Auktionsergebnis von CNY 8.760.000 (€ 7.656.004).

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