Wu Dayu

Untitled

Found at Sothebys, Hong Kong
Brushwork III – Abstract Masters, Lot 139
24. Nov - 24. Nov 2018
Estimate: 8.000.000 - 12.000.000 HKD
Price realised: 7.920.000 HKD
Wu Dayu
1903-1988
UNTITLED
Executed circa 1980
oil on canvas laid on board
53 by 39 cm; 20⅞ by 15⅜ in.
Private Collection | Beijing Council, Beijing, 3 June 2017, lot 2658 | Acquired from the above sale by the present owner

Auction result misses estimated price range

When this work without title by Wu Da-Yu was auctioned at Sothebys in Hong Kong in November 2018, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of HKD 8,000,000.00 – 12,000,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for HKD 7,920,000.00 (€ 893,911.51). However, buyers have had to dig much deeper into their pockets for other works by Wu Da-Yu - we have observed the highest auction result to date for the work Untitled 14, which sold at auction in April 2016 for HKD 18,080,000.00 (€ 2,036,982.78).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als diese Arbeit ohne Titel von Wu Da-Yu im November 2018 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 8.000.000,00 – 12.000.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für HKD 7.920.000,00 (€ 893.911,51) den Besitzer. Für andere Arbeiten von Wu Da-Yu mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Untitled 14 beobachtet, die im April 2016 für HKD 18.080.000,00 (€ 2.036.982,78) versteigert wurde.

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