Chung Sanghwa

Untitled 79-3-23

Found at Sothebys, Hong Kong
Contemporary Art Day Sale, Lot 542
23. Sep - 10. Oct 2021
Estimate: 400.000 - 600.000 HKD
Price realised: 693.000 HKD
Chung Sanghwa
b.1932
Untitled 79-3-23
acrylic on burlap
signed, titled and dated 1979 on the reverse stretcher bar
73 by 60.7 cm. 28¾ by 23⅞ in.
_____________________________
鄭相和
b. 1932 無題79-3-23
Private Collection, Japan | __________________________________ | 日本,私人收藏

Upper estimated price slightly exceeded

In October 2021 Sothebys in Hong Kong held the auction Contemporary Art Day Sale, which included the work Untitled 79-3-23 by Chung Sang-Hwa. The »bidding war« ended at HKD 693,000.00 (€ 77,086.65), 16% above the upper estimate. Admittedly, works by Chung Sang-Hwa have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Untitled 97-3-26 in October 2016 with an auction result of HKD 6,440,000.00 (€ 757,854.41).

Oberer Schätzpreis leicht übertroffen

Im Oktober 2021 führte Sothebys in Hong Kong die Auktion Contemporary Art Day Sale durch, in der auch die Arbeit Untitled 79-3-23 von Chung Sang-Hwa zur Versteigerung kam. Das »Bietergefecht« endete beim Preis von HKD 693.000,00 (€ 77.086,65) und damit 16% über dem oberen Schätzpreis. Freilich wurden Arbeiten von Chung Sang-Hwa auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen 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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