Cheong Soo Pieng

Riverside

Found at Bonhams, Hong Kong
Southeast Asian Modern & Contemporary Art, Lot 3
28. May - 28. May 2022
Estimate: 100.000 - 150.000 HKD
Price realised: 242.250 HKD
Cheong Soo Pieng (1917-1983)
Riverside
circa 1960s
signed
ink and gouache on paper
85 by 45 cm.
33 1/2 by 17 3/4 in.
Private collection, London

Upper estimate price exceeded by 62 %.

In May last year Bonhams in Hong Kong held the auction Southeast Asian Modern & Contemporary Art, which included the work Riverside by Cheong Soo Pieng. The »bidding war« ended at HKD 242,250.00 (€ 28,760.27), 62% above the upper estimate. Of course, this price has nothing to do with the top prices that other works by Cheong Soo Pieng achieve. The highest price we have observed so far was reached by the work Nature's Inspiration in November this year with an auction result of HKD 11,507,000.00 (€ 1,350,289.70).

Oberer Schätzpreis um 62 % übertroffen

Im Mai letzten Jahres führte Bonhams in Hong Kong die Auktion Southeast Asian Modern & Contemporary Art durch, in der auch die Arbeit Riverside von Cheong Soo Pieng zur Versteigerung kam. Das »Bietergefecht« endete beim Preis von HKD 242.250,00 (€ 28.760,27) und damit 62% über dem oberen Schätzpreis. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Cheong Soo Pieng erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Nature's Inspiration im November diesen Jahres mit einem Auktionsergebnis von HKD 11.507.000,00 (€ 1.350.289,70).

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