U Lun Gywe

Bagan

Found at Bonhams, Hong Kong
Southeast Asian Modern & Contemporary Art, Lot 19
28. May - 28. May 2022
Estimate: 70.000 - 100.000 HKD
Price realised: 53.550 HKD
U Lun Gywe (b. 1930)
Bagan
1994
signed
oil on canvas
35.5 by 45.7 cm.
14 by 18 in.
Golden Valley Art Centre, Yangon | Acquired directly from the above by the present owner in 1995 | Private collection, Washington DC, USA

Auction result misses estimated price range

In May last year a collector was able to acquire the work Bagan by U Lun Gywe for HKD 53,550.00 (€ 6,357.53). This price was achieved in the auction Southeast Asian Modern & Contemporary Art at Bonhams in Hong Kong and was even below the estimate range of HKD 70,000.00 – 100,000.00 set by the auction house. Admittedly, works by U Lun Gywe have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Spectrum of Burmese Colour in November 2019 with an auction result of HKD 325,000.00 (€ 37,693.98).

Auktionsergebnis verfehlt die Schätzpreisspanne

Im Mai letzten Jahres konnte ein Sammler die Arbeit Bagan von U Lun Gywe für HKD 53.550,00 (€ 6.357,53) erwerben. Dieser Preis wurde in der Auktion Southeast Asian Modern & Contemporary Art bei Bonhams in Hong Kong erzielt und lag noch unterhalb der von dem Auktionshaus angesetzten Schätzpreisspanne von HKD 70.000,00 – 100.000,00. Freilich wurden Arbeiten von U Lun Gywe auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Spectrum of Burmese Colour im November 2019 mit einem Auktionsergebnis von HKD 325.000,00 (€ 37.693,98).

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