Chung Sang-Hwa

Untitled 85-12-A

Found at Christies, Hong Kong
20th/21st Century Art Evening Sale, Lot 19
28. Nov - 28. Nov 2023
Estimate: 1.200.000 - 1.800.000 HKD
Price realised: 3.024.000 HKD
CHUNG SANG-HWA (B. 1932)
Untitled 85-12-A
signed and titled in Korean; dated ‘1985’ (on the reverse)
acrylic on canvas
161 x 96 cm. (63 3⁄8 x 37 3⁄4 in.)
Painted in 1985

Upper estimate price exceeded by 68 %.

The work Untitled 85-12-A by Chung Sang-Hwa was auctioned at Christies in Hong Kong in November this year. It achieved a price of HKD 3,024,000.00 (€ 354,851.49), exceeding the upper end of the estimate range by 68%. However, buyers have had to dig much deeper into their pockets for other works by Chung Sang-Hwa - we have observed the highest auction result to date for the work Untitled 97-3-26, which sold at auction in October 2016 for HKD 6,440,000.00 (€ 757,854.41).

Oberer Schätzpreis um 68 % übertroffen

Die Arbeit Untitled 85-12-A von Chung Sang-Hwa kam im November diesen Jahres bei Christies in Hong Kong zur Auktion. Sie erzielte dabei einen Preis von HKD 3.024.000,00 (€ 354.851,49) und übertraf damit das obere Ende der Schätzpreisspanne um 68%. Für andere Arbeiten von Chung Sang-Hwa mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Untitled 97-3-26 beobachtet, die im Oktober 2016 für HKD 6.440.000,00 (€ 757.854,41) versteigert wurde.

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