Chung Sanghwa

Untitled

Found at Sothebys, Hong Kong
Contemporary Art Day Sale, Lot 539
1. Apr - 1. Apr 2018
Estimate: 600.000 - 800.000 HKD
Price realised: 1.000.000 HKD
Chung Sanghwa
B. 1932
UNTITLED
signed in Hanja and English, titled in Hanja and dated 1974 on the reverse
acrylic on canvas
91 by 65 cm; 35⅞ by 25⅝ in. 
Tor Road Gallery, Kobe | Private Collection | Acquired by the present owner from the above circa 1975

Upper estimate price exceeded by 25 %.

This work without title by Chung Sang-Hwa was auctioned at Sothebys in Hong Kong in April 2018. It achieved a price of HKD 1,000,000.00 (€ 105,515.98), exceeding the upper end of the estimate range by 25%. 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 um 25 % übertroffen

Diese Arbeit ohne Titel von Chung Sang-Hwa kam im April 2018 bei Sothebys in Hong Kong zur Auktion. Sie erzielte dabei einen Preis von HKD 1.000.000,00 (€ 105.515,98) und übertraf damit das obere Ende der Schätzpreisspanne um 25%. 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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