Chun Kwang-Young

ONT-002

Found at Christies, Hong Kong
Modern and Contemporary Art Day Sale, Lot 275
11.Jul - 11.Jul.2020
Estimate: 800.000 - 1.200.000 HKD
Price realised: 1.000.000 HKD
signed and dated ‘87 Ky Chun’ (lower right); inscribed ‘152 cm x 182 cm’ (on the stretcher)
oil on canvas
152 x 182 cm. (59 7/8 x 71 5/8 in.)
Painted in 1987
Private Collection, Asia

Auction result well in line with expectations

In July 2020 Christies in Hong Kong held the auction Modern and Contemporary Art Day Sale, which included the work ONT-002 by Kwang Young Chun. The price achieved of HKD 1,000,000.00 (€ 109,563.44) was within expectations - the estimate range had previously been set by the auction house as HKD 800,000.00 – 1,200,000.00. Other works by Kwang Young Chun have already achieved higher auction prices, for example, in November 2013 the work Aggregation 07-De245 was auctioned for HKD 1,360,000.00 (€ 128,943.11).

Auktionsergebnis im Rahmen der Erwartungen

Im Juli 2020 führte Christies in Hong Kong die Auktion Modern and Contemporary Art Day Sale durch, in der auch die Arbeit ONT-002 von Kwang Young Chun zur Versteigerung kam. Der dabei erzielte Preis von HKD 1.000.000,00 (€ 109.563,44) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 800.000,00 – 1.200.000,00 angegeben worden. Andere Arbeiten von Kwang Young Chun konnten bereits höhere Auktionspreise erzielen, so wurde im November 2013 die Arbeit Aggregation 07-De245 für HKD 1.360.000,00 (€ 128.943,11) versteigert.

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