Yuan Yuan

Paradise 

Found at Sothebys, Hong Kong
Contemporary Art Day Sale, Lot 597
1. Apr - 1. Apr 2018
Estimate: 300.000 - 500.000 HKD
Price realised: 375.000 HKD
Yuan Yuan
B. 1973
PARADISE 
signed and titled in Chinese and dated 2008 on the reverse
oil on canvas
150 by 170 cm; 59 by 66⅞ in. 
Private Collection | China Guardian Auctions, Beijing, 17 May 2015, lot 1582 | Acquired by the present owner from the above sale | The artist was awarded the Luo Zhongli Scholarship for this work in 2008

Auction result well in line with expectations

In April 2018 Sothebys in Hong Kong held the auction Contemporary Art Day Sale, which included the work Paradise  by Yuan Yuan. The price achieved of HKD 375,000.00 (€ 39,568.49) was within expectations - the estimate range had previously been set by the auction house as HKD 300,000.00 – 500,000.00. Of course, this price has nothing to do with the top prices that other works by Yuan Yuan achieve. The highest price we have observed so far was reached by the work Blues V in April this year with an auction result of HKD 540,000.00 (€ 551,445.65).

Auktionsergebnis im Rahmen der Erwartungen

Im April 2018 führte Sothebys in Hong Kong die Auktion Contemporary Art Day Sale durch, in der auch die Arbeit Paradise  von Yuan Yuan zur Versteigerung kam. Der dabei erzielte Preis von HKD 375.000,00 (€ 39.568,49) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 300.000,00 – 500.000,00 angegeben worden. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Yuan Yuan erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Blues V im April diesen Jahres mit einem Auktionsergebnis von HKD 540.000,00 (€ 551.445,65).

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