Lee Ufan

From Line No. 790372

Found at Phillips, Hong Kong Auction
20th Century & Contemporary Art Evening Sale, Lot ✱28
22. Jun - 22. Jun 2022
Estimate: 9.000.000 - 14.000.000 HKD
Price realised: 11.140.000 HKD
signed and dated 'L.UFAN 79' lower right; further signed and titled '"From line NO. 790372." Lee Ufan' on the reverse
oil and mineral pigment on canvas
135.2 x 166.8 cm. (53 1/4 x 65 5/8 in.)
Executed in 1979.

Auction result well in line with expectations

In June last year Phillips in Hong Kong held the auction 20th Century & Contemporary Art Evening Sale, which included the work From Line No. 790372 by Lee Ufan. The price achieved of HKD 11,140,000.00 (€ 1,355,655.75) was within expectations - the estimate range had previously been set by the auction house as HKD 9,000,000.00 – 14,000,000.00. Other works by Lee Ufan have already achieved higher auction prices, for example, in November 2014 the work From Line, No. 760219 was auctioned for USD 2,165,000.00 (€ 1,740,633.54).

Auktionsergebnis im Rahmen der Erwartungen

Im Juni letzten Jahres führte Phillips in Hong Kong die Auktion 20th Century & Contemporary Art Evening Sale durch, in der auch die Arbeit From Line No. 790372 von Lee Ufan zur Versteigerung kam. Der dabei erzielte Preis von HKD 11.140.000,00 (€ 1.355.655,75) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 9.000.000,00 – 14.000.000,00 angegeben worden. Andere Arbeiten von Lee Ufan konnten bereits höhere Auktionspreise erzielen, so wurde im November 2014 die Arbeit From Line, No. 760219 für USD 2.165.000,00 (€ 1.740.633,54) versteigert.

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