Yu Peng
Soaring Towards Change
Found at
Sothebys,
Hong Kong
Contemporary Ink Art, Lot 2809
5. Oct - 5. Oct 2015
Contemporary Ink Art, Lot 2809
5. Oct - 5. Oct 2015
Estimate: XX.XXX
Price realised: XX.XXX
Price realised: XX.XXX
Description
Yu Peng
B.1955
SOARING TOWARDS CHANGE
signed YU PENG, titled, inscribed, dated 1992 and with one seal of the artist
ink and colour on paper, hanging scroll
233 by 52 cm., 91 3/4 by 20 1/2 in.
Private Asian Collection
B.1955
SOARING TOWARDS CHANGE
signed YU PENG, titled, inscribed, dated 1992 and with one seal of the artist
ink and colour on paper, hanging scroll
233 by 52 cm., 91 3/4 by 20 1/2 in.
Private Asian Collection
Auction result misses estimated price range
In October 2015 a collector was able to acquire the work Soaring Towards Change by Peng Yu for HKD 118,750.00 (€ 13,873.17). This price was achieved in the auction Contemporary Ink Art at Sothebys in Hong Kong and was even below the estimate range of HKD 120,000.00 – 180,000.00 set by the auction house. However, buyers have had to dig much deeper into their pockets for other works by Peng Yu - we have observed the highest auction result to date for the work Alone At The Edge Of A Precipitous Cliff, which sold at auction in April 2016 for HKD 275,000.00 (€ 30,982.87).
Auktionsergebnis verfehlt die Schätzpreisspanne
Im Oktober 2015 konnte ein Sammler die Arbeit Soaring Towards Change von Peng Yu für HKD 118.750,00 (€ 13.873,17) erwerben. Dieser Preis wurde in der Auktion Contemporary Ink Art bei Sothebys in Hong Kong erzielt und lag noch unterhalb der von dem Auktionshaus angesetzten Schätzpreisspanne von HKD 120.000,00 – 180.000,00. Für andere Arbeiten von Peng Yu mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Alone At The Edge Of A Precipitous Cliff beobachtet, die im April 2016 für HKD 275.000,00 (€ 30.982,87) versteigert wurde.
Peng Yu - Auction history
Other artists in this auction
