LIU YE (B. 1964)

Lot 96
28.05.2023 19:00UTC +08:00
Classic
Sold
HKD 14 290 000
AuctioneerCHRISTIE'S
Event locationHong Kong, Hong Kong
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ID 966428
Lot 96 | LIU YE (B. 1964)
Estimate value
HKD 8 000 000 – 15 000 000
LIU YE (B. 1964)
Room of the Sea
signed in Chinese; signed again and dated '2000 Liu Ye' (lower left)
acrylic and oil on canvas
90 x 90 cm. (35 3/8 x 35 3/8 in.)
LIU YE
Painted in 2000



Provenance

Galerie Serieuze Zaken, Amsterdam

Sotheby’s Hong Kong, 1 May 2005, lot 42

Acquired at the above sale by the present owner



Literature

Kunstmuseum Bern, Liu Ye, exh. cat., Bern, 2007 (illustrated, p. 55).

N.N., Zhang Rui: I’d Like to Build a Hotel of Art, Hi Art, June 2007 (illustrated, p. 62).

Christoph Noe (ed.), Hatje Cantz, Liu Ye: Catalogue Raisonne: 1991-2015, Ostfildern, 2015 (illustrated, p. 292).



Special Notice


On occasion, Christie's has a direct financial interest in the outcome of the sale of certain lots consigned for sale. This will usually be where it has guaranteed to the Seller that whatever the outcome of the auction, the Seller will receive a minimum sale price for the work. This is known as a minimum price guarantee. This is such a lot.
Where Christie’s has provided a Minimum Price Guarantee it is at risk of making a loss, which can be significant, if the lot fails to sell. Christie’s therefore sometimes chooses to share that risk with a third party who agrees prior to the auction to place an irrevocable written bid on the lot. If there are no other higher bids, the third party commits to buy the lot at the level of their irrevocable written bid. In doing so, the third party takes on all or part of the risk of the lot not being sold. Christie's compensates the third party in exchange for accepting this risk provided that the third party is not the successful bidder. The remuneration to the third party may either be based on a fixed fee or an amount calculated against the final hammer price. The third party may also bid for the lot above the irrevocable written bid. Where the third party is the successful bidder, the third party is required to pay the hammer price and the buyer's premium in full.
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