Chung Sanghwa

Frottage P.6

Found at Sothebys, Hong Kong
Contemporary Art – Day Sale, Lot 616
1. Oct - 1. Oct 2017
Estimate: 180.000 - 280.000 HKD
Price realised: 250.000 HKD
Chung Sanghwa
B. 1932
FROTTAGE P.6
signed in English and dated 78; titled in Hanja on the reverse, framed
frottage on paper collage laid on canvas
128.8 by 96.3 cm; 50⅝ by 38 in. 
Private Asian Collection

Auction result well in line with expectations

The work Frottage P.6 by Chung Sang-Hwa was sold in the Contemporary Art – Day Sale auction at Sothebys in Hong Kong in October 2017. The price achieved of HKD 250,000.00 (€ 27,515.45) was within expectations - the estimate range had previously been set by the auction house as HKD 180,000.00 – 280,000.00. Of course, this price has nothing to do with the top prices that other works by Chung Sang-Hwa achieve. The highest price we have observed so far was reached by the work Untitled 97-3-26 in October 2016 with an auction result of HKD 6,440,000.00 (€ 757,854.41).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Frottage P.6 von Chung Sang-Hwa wurde im Oktober 2017 in der Auktion Contemporary Art – Day Sale bei Sothebys in Hong Kong versteigert. Der dabei erzielte Preis von HKD 250.000,00 (€ 27.515,45) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 180.000,00 – 280.000,00 angegeben worden. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Chung Sang-Hwa erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Untitled 97-3-26 im Oktober 2016 mit einem Auktionsergebnis von HKD 6.440.000,00 (€ 757.854,41).

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