Liu Ye

Flagship No. 1

Found at Phillips, Hong Kong Auction
20th Century & Contemporary Art Evening Sale, Lot Ο ◆ Ж33
30. Mar - 30. Mar 2023
Estimate: 4.000.000 - 6.000.000 HKD
Price realised: 6.985.000 HKD
signed and dated '97 Liu Ye Ye [in Chinese]' lower left
acrylic and oil on canvas
29.2 x 22.2 cm. (11 1/2 x 8 3/4 in.)
Painted in 1997.

Upper estimated price slightly exceeded

The work Flagship No. 1 by Liu Ye was auctioned at Phillips in Hong Kong in March this year. It achieved a price of HKD 6,985,000.00 (€ 817,872.06), exceeding the upper end of the estimate range by 16%. Admittedly, works by Liu Ye have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Smoke in October 2019 with an auction result of HKD 52,182,000.00 (€ 5,964,325.41).

Oberer Schätzpreis leicht übertroffen

Die Arbeit Flagship No. 1 von Liu Ye kam im März diesen Jahres bei Phillips in Hong Kong zur Auktion. Sie erzielte dabei einen Preis von HKD 6.985.000,00 (€ 817.872,06) und übertraf damit das obere Ende der Schätzpreisspanne um 16%. Freilich wurden Arbeiten von Liu Ye auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Smoke im Oktober 2019 mit einem Auktionsergebnis von HKD 52.182.000,00 (€ 5.964.325,41).

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