Lee Ufan

Dialogue

Found at Christies, Paris
La couleur à l'oeuvre - Une collection contemporaine, Lot 11
30. Nov - 30. Nov 2022
Estimate: 120.000 - 180.000 EUR
Price realised: 693.000 EUR
Lee Ufan (né en 1936)
Dialogue
signé et daté 'L UFAN '13' (sur le revers); signé, titré et daté '"Dialogue" 2013 Lee Ufan' (au dos)
huile et pigments minéraux sur toile
162 x 130 cm.
Peint en 2013.
signed and dated 'L UFAN '13' (on the overlap); signed, titled and dated '"Dialogue" 2013 Lee Ufan' (on the reverse)
oil and mineral pigment on canvas
63 3/4 x 51 1/8 in.
Painted in 2013. - Galerie Kamel Mennour, Paris | Acquis auprès de celle-ci

Artwork auctioned at three times the upper estimate price

When the work Dialogue by Lee Ufan was auctioned at Christies in Paris in November last year, the result exceeded expectations many times over. The upper estimate was set at - in retrospect quite modest - EUR 180,000.00 but the actual price achieved was more than three times as high at EUR 693,000.00. However, buyers have had to dig much deeper into their pockets for other works by Lee Ufan - we have observed the highest auction result to date for the work From Line, No. 760219, which sold at auction in November 2014 for USD 2,165,000.00 (€ 1,740,633.54).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Dialogue von Lee Ufan im November letzten Jahres bei Christies in Paris versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – EUR 180.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit EUR 693.000,00 mehr als dreimal so hoch. Für andere Arbeiten von Lee Ufan mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit From Line, No. 760219 beobachtet, die im November 2014 für USD 2.165.000,00 (€ 1.740.633,54) versteigert wurde.

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