Nguyen Trung

Abstract Composition

Found at Bonhams, Hong Kong
Southeast Asian Modern & Contemporary Art, Lot 36
28. May - 28. May 2022
Estimate: 55.000 - 75.000 HKD
Price realised: 229.500 HKD
Nguyen Trung (b. 1940)
Abstract Composition
1994
signed and dated 1.10.1994
oil on canvas
131 by 130 cm.
51 1/2 by 51 1/8 in.
Private collection, Switzerland

Artwork auctioned at three times the upper estimate price

When the work Abstract Composition by Nguyen Trung was auctioned at Bonhams in Hong Kong in May last year, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - HKD 75,000.00 but the actual price achieved was more than three times as high at HKD 229,500.00 (€ 27,246.58). However, buyers have had to dig much deeper into their pockets for other works by Nguyen Trung - we have observed the highest auction result to date for the work Ladies in the Peach Garden, which sold at auction in May 2016 for HKD 500,000.00 (€ 57,790.75).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Abstract Composition von Nguyen Trung im Mai letzten Jahres bei Bonhams in Hong Kong versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – HKD 75.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit HKD 229.500,00 (€ 27.246,58) mehr als dreimal so hoch. Für andere Arbeiten von Nguyen Trung mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Ladies in the Peach Garden beobachtet, die im Mai 2016 für HKD 500.000,00 (€ 57.790,75) versteigert wurde.

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