Wu Guanzhong
Lotus (Painted In 1973)
Found at
China Guardian,
Hong Kong
Asian 20th Century and Contemporary Art, Lot 42
6. Apr - 6. Apr 2023
Asian 20th Century and Contemporary Art, Lot 42
6. Apr - 6. Apr 2023
Estimate: XX.XXX
Price realised: XX.XXX
Price realised: XX.XXX
Description
Watercolour and oil on paper
34 × 26 cm. 13 3/8 × 10 1/4 in.
Signed and dated in Chinese on bottom right
Acquired directly by the original private collector from the artist | 28 Oct 2001, Sotheby's Hong Kong Autumn Auctions, Lot 42 | 8 Apr 2006, Sotheby's Hong Kong spring Auctions, Lot 605 | Acquired directly by present important private Asian collector from the above
34 × 26 cm. 13 3/8 × 10 1/4 in.
Signed and dated in Chinese on bottom right
Acquired directly by the original private collector from the artist | 28 Oct 2001, Sotheby's Hong Kong Autumn Auctions, Lot 42 | 8 Apr 2006, Sotheby's Hong Kong spring Auctions, Lot 605 | Acquired directly by present important private Asian collector from the above
Auction result well in line with expectations
In April this year China Guardian in Hong Kong held the auction Asian 20th Century and Contemporary Art, which included the work Lotus (Painted In 1973) by Wu Guanzhong. The price achieved of HKD 1,560,000.00 (€ 1,593,065.22) was within expectations - the estimate range had previously been set by the auction house as HKD 1,000,000.00 – 2,000,000.00. Of course, this price has nothing to do with the top prices that other works by Wu Guanzhong achieve. The highest price we have observed so far was reached by the work The Zhou Village in April 2016 with an auction result of HKD 236,000,000.00 (€ 26,588,934.53).
Auktionsergebnis im Rahmen der Erwartungen
Im April diesen Jahres führte China Guardian in Hong Kong die Auktion Asian 20th Century and Contemporary Art durch, in der auch die Arbeit Lotus (Painted In 1973) von Wu Guanzhong zur Versteigerung kam. Der dabei erzielte Preis von HKD 1.560.000,00 (€ 1.593.065,22) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 1.000.000,00 – 2.000.000,00 angegeben worden. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Wu Guanzhong erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit The Zhou Village im April 2016 mit einem Auktionsergebnis von HKD 236.000.000,00 (€ 26.588.934,53).
Wu Guanzhong - Auction history
Other artists in this auction
