John Way
Red Abstraction
Estimate: 20.000 - 40.000 HKD
Price realised: 23.750 HKD
Price realised: 23.750 HKD
Description
John Way (Wei Letang)
B. 1921
RED ABSTRACTION
signed in English and Pinyin, dated 64
oil on paper
45.7 by 60.3 cm; 18 by 23 ¾ in.
Skinner Auctioneers, Boston, 27 September 2017, Lot 413 | Acquired directly from the above by the present private Asian collector
B. 1921
RED ABSTRACTION
signed in English and Pinyin, dated 64
oil on paper
45.7 by 60.3 cm; 18 by 23 ¾ in.
Skinner Auctioneers, Boston, 27 September 2017, Lot 413 | Acquired directly from the above by the present private Asian collector
Auction result well in line with expectations
In April 2018 Sothebys in Hong Kong held the auction Modern Asian Art, which included the work Red Abstraction by John Way. The estimated price for the artwork was previously given by the auction house with a range of HKD 20,000.00 – 40,000.00, the actual price achieved of HKD 23,750.00 (€ 2,506.00) could thus just exceed the lower estimate. Of course, this price has nothing to do with the top prices that other works by John Way achieve. The highest price we have observed so far was reached by the work LANDSCAPE in May 2017 with an auction result of HKD 687,500.00 (€ 78,503.25).
Auktionsergebnis im Rahmen der Erwartungen
Im April 2018 führte Sothebys in Hong Kong die Auktion Modern Asian Art durch, in der auch die Arbeit Red Abstraction von John Way zur Versteigerung kam. Der Schätzpreis für das Kunstwerk wurde von dem Auktionshaus zuvor mit einer Spanne von HKD 20.000,00 – 40.000,00 angegeben, der tatsächlich erzielte Preis von HKD 23.750,00 (€ 2.506,00) konnte den unteren Schätzpreis somit knapp übertreffen. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von John Way erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit LANDSCAPE im Mai 2017 mit einem Auktionsergebnis von HKD 687.500,00 (€ 78.503,25).
John Way - Auction history
Other artists in this auction
