Choi Myoungyoung

Sign Of Equality 75-7

Found at Sothebys, Hong Kong
Contemporary Art Day Sale, Lot 537
1. Apr - 1. Apr 2018
Estimate: 120.000 - 220.000 HKD
Price realised: 162.500 HKD
Choi Myoungyoung
B. 1941
SIGN OF EQUALITY 75-7
signed and titled in Hanja and English and dated 1975 on the reverse
oil on canvas
107 by 80 cm; 42⅛ by 34½ in. 
The Page Gallery, Seoul | Acquired by the present owner from the above

Auction result well in line with expectations

The work Sign Of Equality 75-7 by Choi Myoung-Young was sold in the Contemporary Art Day Sale auction at Sothebys in Hong Kong in April 2018. The price achieved of HKD 162,500.00 (€ 17,146.35) was within expectations - the estimate range had previously been set by the auction house as HKD 120,000.00 – 220,000.00. However, buyers have had to dig much deeper into their pockets for other works by Choi Myoung-Young - we have observed the highest auction result to date for the work Plane Condition 86-04, which sold at auction in November 2019 for HKD 450,000.00 (€ 52,191.67).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Sign Of Equality 75-7 von Choi Myoung-Young wurde im April 2018 in der Auktion Contemporary Art Day Sale bei Sothebys in Hong Kong versteigert. Der dabei erzielte Preis von HKD 162.500,00 (€ 17.146,35) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 120.000,00 – 220.000,00 angegeben worden. Für andere Arbeiten von Choi Myoung-Young mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Plane Condition 86-04 beobachtet, die im November 2019 für HKD 450.000,00 (€ 52.191,67) versteigert wurde.

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