Ron Arad

Rtw (Re-Inventing The Wheel)

Found at Sothebys, Hong Kong
Contemporary Art Day Sale, Lot 547
10. Jul - 10. Jul 2020
Estimate: 200.000 - 300.000 HKD
Price realised: 162.500 HKD
PROPERTY FROM A DISTINGUISHED ASIAN PRIVATE COLLECTOR AND IMPORTANT PATRON OF THE ARTS
知名亞洲藏家及重要藝術贊助人珍藏
RON ARAD
b.1951
RTW (RE-INVENTING THE WHEEL)
polished stainless steel
incised with the artist's signature and numbered 11/20 on the reverse
Designed in 1996 and executed in 2008, this work is number 11 from an edition of 20.
130 by 130 by 20 cm. 51⅛ by 51⅛ by 7¾ in. ----------------------------------------------
Ben Brown Fine Arts, London | Acquired from the above by the present owner | This work is accompanied by a certificate of authenticity issued by Ron Arad & Associates Ltd. | Sotheby’s would like to thank Caroline Thorman from Ron Arad Associates for her assistance with the cataloguing of the present lot. | ---------------------------------------------- | 倫敦,Ben Brown Fine Arts 畫廊 | 現藏者購自上述來源 | 此作品附設由Ron A

Auction result misses estimated price range

When the work Rtw (Re-Inventing The Wheel) by Ron Arad was auctioned at Sothebys in Hong Kong in July 2020, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of HKD 200,000.00 – 300,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for HKD 162,500.00 (€ 17,804.06). Admittedly, works by Ron Arad have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work London Papardelle in October 2008 with an auction result of GBP 139,250.00 (€ 177,493.79).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als die Arbeit Rtw (Re-Inventing The Wheel) von Ron Arad im Juli 2020 bei Sothebys in Hong Kong versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von HKD 200.000,00 – 300.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für HKD 162.500,00 (€ 17.804,06) den Besitzer. Freilich wurden Arbeiten von Ron Arad auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit London Papardelle im Oktober 2008 mit einem Auktionsergebnis von GBP 139.250,00 (€ 177.493,79).

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