Lee Ufan

From Point No. 77103

Found at Phillips, Hong Kong Auction
20th Century & Contemporary Art Evening Sale in association with Yongle, Lot Ο ◆ ✱13
1. Dec - 1. Dec 2022
Estimate: 8.000.000 - 12.000.000 HKD
Price realised: 7.207.500 HKD
signed and dated 'L. UFAN 77' lower right; further signed and titled '"From point No. 77103" Leeufan' on the reverse
oil and mineral pigment on canvas
162.2 x 112 cm. (63 7/8 x 44 1/8 in.)
Executed in 1977, this work is accompanied by a certificate of authenticity issued by LVS Gallery.

Auction result misses estimated price range

In December last year a collector was able to acquire the work From Point No. 77103 by Lee Ufan for HKD 7,207,500.00 (€ 863,714.25). This price was achieved in the auction 20th Century & Contemporary Art Evening Sale in association with Yongle at Phillips in Hong Kong and was even below the estimate range of HKD 8,000,000.00 – 12,000,000.00 set by the auction house. 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).

Auktionsergebnis verfehlt die Schätzpreisspanne

Im Dezember letzten Jahres konnte ein Sammler die Arbeit From Point No. 77103 von Lee Ufan für HKD 7.207.500,00 (€ 863.714,25) erwerben. Dieser Preis wurde in der Auktion 20th Century & Contemporary Art Evening Sale in association with Yongle bei Phillips in Hong Kong erzielt und lag noch unterhalb der von dem Auktionshaus angesetzten Schätzpreisspanne von HKD 8.000.000,00 – 12.000.000,00. 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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