He Xiangyu

Five Lemons 0801

Found at Christies, Hong Kong
Modern and Contemporary Art Afternoon Session, Lot 504
3. Dec - 3. Dec 2020
Estimate: 20.000 - 40.000 HKD
Price realised: 125.000 HKD
Private Collection, Asia

Artwork auctioned at three times the upper estimate price

When the work Five Lemons 0801 by He Xiangyu was auctioned at Christies in Hong Kong in December 2020, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - HKD 40,000.00 but the actual price achieved was more than three times as high at HKD 125,000.00 (€ 13,184.79). Of course, this price has nothing to do with the top prices that other works by He Xiangyu achieve. The highest price we have observed so far was reached by the work Sorry in April this year with an auction result of HKD 144,000.00 (€ 147,052.17).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Five Lemons 0801 von He Xiangyu im Dezember 2020 bei Christies in Hong Kong versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – HKD 40.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit HKD 125.000,00 (€ 13.184,79) mehr als dreimal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von He Xiangyu erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Sorry im April diesen Jahres mit einem Auktionsergebnis von HKD 144.000,00 (€ 147.052,17).

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