Okokume

Labubu With Dino Star Costume

Found at Sothebys, Hong Kong
Contemporary Showcase: Kawaii Pop, Lot 14
18. May - 18. May 2021
Estimate: 30.000 - 50.000 HKD
Price realised: 151.200 HKD
Okokume
b. 1985
Labubu with Dino Star Costume
colour pencils on paper
signed and dated 2019 on the reverse
This drawing is created on the occasion of the joint exhibition Kasing Lung and Okokume: Labubu x Cosmic Girl Exhibition in 2019 to celebrate the grand opening of Cosmic Girl Cafe in Tokyo, Japan.
32 by 24 cm. 12⅝ by 9½ 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 Labubu With Dino Star Costume by Okokume was auctioned at Sothebys in Hong Kong in May 2021, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - HKD 50,000.00 but the actual price achieved was more than three times as high at HKD 151,200.00 (€ 15,983.01). Admittedly, works by Okokume have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved 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 Labubu With Dino Star Costume von Okokume im Mai 2021 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 50.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit HKD 151.200,00 (€ 15.983,01) mehr als dreimal so hoch. Freilich wurden Arbeiten von Okokume auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen 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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