Lee Ufan
Correspondence
Found at
POLY,
Hong Kong
20th Century & Contemporary Art and Design Day Sale in association with Phillips, Lot 223
7. Jun - 7. Jun 2021
20th Century & Contemporary Art and Design Day Sale in association with Phillips, Lot 223
7. Jun - 7. Jun 2021
Estimate: 380.000 - 580.000 HKD
Price realised: 1.071.000 HKD
Price realised: 1.071.000 HKD
Description
Executed in 1999.
oil and mineral pigment on canvas
46 × 53 ㎝. (18 ⅛ × 20 ⅞ in.)
signed and dated 'L. Ufan 99’ lower right edge
oil and mineral pigment on canvas
46 × 53 ㎝. (18 ⅛ × 20 ⅞ in.)
signed and dated 'L. Ufan 99’ lower right edge
Upper estimate price exceeded by 85 %.
This artwork by Lee Ufan achieved an unexpectedly high price at POLY in Hong Kong in June 2021. In the 20th Century & Contemporary Art and Design Day Sale in association with Phillips auction, the work Correspondence sold for HKD 1,071,000.00 (€ 116,338.37) - well above the upper estimate of HKD 580,000.00. Of course, this price has nothing to do with the top prices that other works by Lee Ufan achieve. The highest price we have observed so far was reached by the work From Line, No. 760219 in November 2014 with an auction result of USD 2,165,000.00 (€ 1,740,633.54).
Oberer Schätzpreis um 85 % übertroffen
Dieses Kunstwerk von Lee Ufan erzielte im Juni 2021 bei POLY in Hong Kong einen unerwartet hohen Preis. In der Auktion 20th Century & Contemporary Art and Design Day Sale in association with Phillips wurde die Arbeit Correspondence für HKD 1.071.000,00 (€ 116.338,37) versteigert – und damit weit über dem oberen Schätzpreis von HKD 580.000,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Lee Ufan erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit From Line, No. 760219 im November 2014 mit einem Auktionsergebnis von USD 2.165.000,00 (€ 1.740.633,54).