Okokume

Time Flies

Found at Sothebys, Hong Kong
Contemporary Showcase: Time Goes On, Lot 1
9. Jun - 9. Jun 2020
Estimate: 50.000 - 70.000 HKD
Price realised: 375.000 HKD
OKOKUME
b. 1985
TIME FLIES
acrylic on canvas
signed and dated 2019 on the reverse
75 by 60 cm. 29½ by 23⅝ in.
----------------------------------------------
OKOKUME
b. 1985 時間飛逝
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 five times the upper estimate price

When the work Time Flies by Okokume was auctioned at Sothebys in Hong Kong in June 2020, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - HKD 70,000.00 but the actual price achieved was more than five times as high at HKD 375,000.00 (€ 43,072.75). Despite this good result, it is not the highest hammer price for an artwork by Okokume; that achieved among the auctions we observed the lot The Eyes of the Soul (2 Works) sold at auction in April this year with the realized price of HKD 69,300.00 (€ 70,768.86).

Kunstwerk zum Fünffachen des oberen Schätzpreises versteigert

Als die Arbeit Time Flies von Okokume im Juni 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 70.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit HKD 375.000,00 (€ 43.072,75) mehr als fünfmal so hoch. Trotz des guten Ergebnisses ist dies nicht der höchste Zuschlag für ein Kunstwerk von Okokume; den erzielte unter den von uns beobachteten Auktionen die Arbeit The Eyes of the Soul (2 Works) im April diesen Jahres mit dem Hammerpreis von HKD 69.300,00 (€ 70.768,86).

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