Okokume

Bringing Hope

Found at Sothebys, Hong Kong
Contemporary Art | Hong Kong, Lot 9596
16. Apr - 16. Apr 2020
Estimate: 6.000 - 8.000 HKD
Price realised: 25.000 HKD
OKOKUME
b. 1985
BRINGING HOPE
polystone, metal, acrylic and mixed media, with original box and certificate of authenticity
signed and numbered 99/100 on the certificate of authenticity
Executed in 2019, this work is number 99 from an edition of 100, produced by the artist in collaboration with How2Work and JPS Gallery.
overall: 29 by 16 by 16 cm. 11⅜ by 6¼ by 6¼ in.
___________________________________________________________________________
Okokume b. 1985
JPS Gallery, Hong Kong | Acquired from the above by the present owner | 香港,JPS 畫廊 | 現藏者購自上述來源

Artwork auctioned at three times the upper estimate price

When the work Bringing Hope by Okokume was auctioned at Sothebys in Hong Kong in April 2020, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - HKD 8,000.00 but the actual price achieved was more than three times as high at HKD 25,000.00 (€ 2,943.86). Of course, this price has nothing to do with the top prices that other works by Okokume achieve. The highest price we have observed so far was reached by the work The Eyes of the Soul (2 Works) in April this year with an auction result of HKD 69,300.00 (€ 70,768.86).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Bringing Hope von Okokume im April 2020 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 8.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit HKD 25.000,00 (€ 2.943,86) mehr als dreimal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Okokume erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit The Eyes of the Soul (2 Works) im April diesen Jahres mit einem Auktionsergebnis von HKD 69.300,00 (€ 70.768,86).

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