He Xiangyu

Cola Project - Extraction (3 Works)

Found at Sothebys, Hong Kong
Contemporary Art, Lot 559
1. Apr - 1. Apr 2019
Estimate: 150.000 - 250.000 HKD
Price realised: 625.000 HKD
He Xiangyu
B. 1986
COLA PROJECT - EXTRACTION (3 WORKS)
Executed in 2009-2010, the three works are number 8, 12 and 23 from an edition of 26 (each different)
Coca Cola resin
each: 27 by 35 by 23.5 cm; 10 5/8  by 13 3/4  by 9 1/4  in.
White Space, Beijing | Acquired from the above by the present owner | This work is accompanied by a digital version of the certificate of authenticity signed by the artist

Upper estimate price exceeded by more than 100%

This artwork by He Xiangyu achieved an unexpectedly high price at Sothebys in Hong Kong in April 2019. In the Contemporary Art auction, the work Cola Project - Extraction (3 Works) sold for HKD 625,000.00 (€ 71,143.20) - well above the upper estimate of HKD 250,000.00. However, buyers have had to dig much deeper into their pockets for other works by He Xiangyu - we have observed the highest auction result to date for the work Sorry, which sold at auction in April this year for HKD 144,000.00 (€ 147,052.17).

Oberer Schätzpreis um mehr als 100% übertroffen

Dieses Kunstwerk von He Xiangyu erzielte im April 2019 bei Sothebys in Hong Kong einen unerwartet hohen Preis. In der Auktion Contemporary Art wurde die Arbeit Cola Project - Extraction (3 Works) für HKD 625.000,00 (€ 71.143,20) versteigert – und damit weit über dem oberen Schätzpreis von HKD 250.000,00. Für andere Arbeiten von He Xiangyu mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Sorry beobachtet, die im April diesen Jahres für HKD 144.000,00 (€ 147.052,17) versteigert wurde.

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