Li Hei Di Work Sells for $107,800 But Delivers a 30% Negative Return
3 min read · 12 Dec 2025
Orange Swim. Image courtesy of Phillips
Li Hei Di, Orange Swim (2021) sold for $107,800 (HKD838,500), more than one and a half times the low estimate at Phillips in Hong Kong on December 12.
The sale was below the previous auction result by $47,300, realizing a 30% negative return. It last sold at auction in 2024 for $155,100 at Phillips.
Oil on canvas, 121.0 x 170.0cm. The work has been traded 3 times in the past.
Sale Date | Price | Price Increase | Venue | City |
|---|---|---|---|---|
December 12, 2025 | $107,800 | -30 % | Phillips | Hong Kong |
November 25, 2024 | $155,100 | - | Phillips | Hong Kong |
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