Yayoi Kusama

Red Shoe

Found at Phillips, Hong Kong Auction
20th Century & Contemporary Art & Design Day Sale in association with Yongle, Lot Ο ◆211
30. Nov - 30. Nov 2022
Estimate: 3.000.000 - 5.000.000 HKD
Price realised: 4.914.000 HKD
signed, stamped with the artist's seal and dated '1979 YAYOI KUSAMA' upper left; further signed, titled and dated '"Red Shoe" [in Japanese] 1979 Yayoi Kusama' on the reverse
acrylic, gouache and marker pen on paper
51.3 x 65.5 cm. (20 1/4 x 25 3/4 in.)
Executed in 1979, this work is accompanied by a registration card issued by the artist's studio.

Auction result well in line with expectations

In November this year Phillips in Hong Kong held the auction 20th Century & Contemporary Art & Design Day Sale in association with Yongle, which included the work Red Shoe by Yayoi Kusama. It changed hands for a price of HKD 4,914,000 (€ 755,009) achieving a result in the upper range of the estimate price range of HKD 3,000,000 - 5,000,000. Of course, this price has nothing to do with the top prices that other works by Yayoi Kusama achieve. The highest price we have observed so far was reached by the work Untitled (Nets) in May this year with an auction result of USD 10,496,000 (€ 9,781,008).

Auktionsergebnis im Rahmen der Erwartungen

Im November diesen Jahres führte Phillips in Hong Kong die Auktion 20th Century & Contemporary Art & Design Day Sale in association with Yongle durch, in der auch die Arbeit Red Shoe von Yayoi Kusama zur Versteigerung kam. Dabei wechselte sie für einen Preis von HKD 4.914.000 (€ 755.009) den Besitzer und erzielte damit ein Ergebnis im oberen Bereich der Schätzpreisspanne von HKD 3.000.000 – 5.000.000. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Yayoi Kusama erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Untitled (Nets) im Mai diesen Jahres mit einem Auktionsergebnis von USD 10.496.000 (€ 9.781.008).

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