Lee Ufan

I. From Line 7 / II. From Line 8 (Two Works)

Found at Sothebys, Hong Kong
Contemporary Art | Hong Kong, Lot 44
23. Nov - 30. Nov 2021
Estimate: 20.000 - 40.000 HKD
Price realised: 27.720 HKD
Lee Ufan
b. 1936
i. From Line 7 / ii. From Line 8 (Two Works)
drypoint on paper
each signed, dated 81 and numbered A.P.
Executed in 1981, these works are artist's proofs, each from an edition of 50 plus 10 artist's proofs, published by Koh Gallery.
image: 27.5 by 33.8 cm. 10¾ by 13¼ in. (each)
sheet: 45.5 by 56 cm. 18 by 22 in. (each)
---------------------------------------------- 李禹煥
Private Collection | Acquired from the above by the present owner | ---------------------------------------------- | 私人收藏 | 現藏者購自上述來源

Auction result well in line with expectations

The work I. From Line 7 / II. From Line 8 (Two Works) by Lee Ufan was sold in the Contemporary Art | Hong Kong auction at Sothebys in Hong Kong in November 2021. The price achieved of HKD 27,720.00 (€ 3,082.18) was within expectations - the estimate range had previously been set by the auction house as HKD 20,000.00 – 40,000.00. 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).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit I. From Line 7 / II. From Line 8 (Two Works) von Lee Ufan wurde im November 2021 in der Auktion Contemporary Art | Hong Kong bei Sothebys in Hong Kong versteigert. Der dabei erzielte Preis von HKD 27.720,00 (€ 3.082,18) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 20.000,00 – 40.000,00 angegeben worden. 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).

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