Li Keran Work Sells for $45,500 But Delivers a 53% Negative Return

Li Keran Work Sells for $45,500 But Delivers a 53% Negative Return

3 min read  ·  02 May 2025

Herding in Autumn. Image courtesy of Christie's

Herding in Autumn. Image courtesy of Christie's

Li Keran, Herding in Autumn sold for $45,500 (HKD352,800), more than the low estimate at Christie's in Hong Kong on May 1.

The sale was below the previous auction result by $51,700, realizing a 53% negative return. It last sold at auction in 2015 for $97,200 at Christie's.

Ink and colour on paper, 67.8 x 44.0cm. The work has not been traded before.

Sale Date
Price
Price Increase
Venue
City
2025-05-01
$45,500
-53 %
Christie's
Hong Kong
2023-12-01
-
-
Christie's
Hong Kong
2015-06-02
$97,200
-
Christie's
Hong Kong
2014-05-27
-
-
Christie's
Hong Kong

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