Liang Yuanwei

Piece Of Life No. 5

Found at Sothebys, Hong Kong
The Ullens Collection - Experimentation and Evolution, Lot 179
2. Oct - 2. Oct 2011
Estimate: 60.000 - 80.000 HKD
Price realised: 275.000 HKD
Liang Yuanwei
B. 1977
PIECE OF LIFE NO. 5
signed in pinyin and Chinese, titled in English and Chinese and dated 2006 on the reverse
oil on canvas
140 by 120 cm.; 55 1/8 by 47 1/4 in.
Boers-Li Gallery, Beijing

Artwork auctioned at three times the upper estimate price

When the work Piece Of Life No. 5 by Liang Yuanwei was auctioned at Sothebys in Hong Kong in October 2011, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - HKD 80,000.00 but the actual price achieved was more than three times as high at HKD 275,000.00 (€ 25,396.14). Of course, this price has nothing to do with the top prices that other works by Liang Yuanwei achieve. The highest price we have observed so far was reached by the work Styx River in May this year with an auction result of HKD 14,895,000.00 (€ 1,785,330.86).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Piece Of Life No. 5 von Liang Yuanwei im Oktober 2011 bei Sothebys in Hong Kong versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – HKD 80.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit HKD 275.000,00 (€ 25.396,14) mehr als dreimal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Liang Yuanwei erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Styx River im Mai diesen Jahres mit einem Auktionsergebnis von HKD 14.895.000,00 (€ 1.785.330,86).

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