Painting by artist Le Quoc Loc sold for 12 billion VND

(CLO) The painting “Countryside Scenery” by artist Le Quoc Loc, the focal work of auction No. 3 “Vietnamese Art of the 20th Century”, was successfully traded for 480,000 USD.

On the afternoon of November 3, a representative of Le Auction House said that at the recent auction of “Vietnamese Art of the 20th Century”, the work “Countryside Scenery” by artist Le Quoc Loc was sold at a price of 480,000 USD (equivalent to 12 billion VND).

The online auction “Vietnamese Art of the 20th Century” organized by Le Auction House on the evening of November 2 gathered nearly 186 works. With a diverse auction list, focusing on many price segments, Le Auction House targets many groups of collectors, including both beginners and professional collectors.

The painting “Countryside Scenery”, lacquered wooden cabinet by Le Quoc Loc, measuring 131.5 x 94.5 x 51.8 cm, was sold for 480,000 USD. Photo: Le Auction House

Although taking place at a time when the Vietnamese art market was somewhat gloomy, the auction received special attention, the atmosphere of the auction was lively and ended with a total of 132/168 lots successfully hammered (accounting for 78.6%).

The work “Countryside Scenery” by artist Le Quoc Loc received special attention with many quick bids across channels and reached a price of 480,000 USD. This is a record transaction price for a work to date at Le Auction House.

Previously, the painting “Countryside Scenery” was the highlight of the auction, with the highest estimated price of the session, from 200,000 to 300,000 USD. Experts said that this work could be sold for 400,000 USD (more than 10 billion VND), however, the hammer price exceeded all predictions.

Prior to the auction, Le Auction House also held an exhibition of the paintings that were put up for auction. Although only on display for a short time, the exhibition attracted a large audience and the collector community.

At the exhibition, the public had the opportunity to admire the works of many artists from many periods, from Indochina paintings, resistance paintings, to contemporary paintings, and covering all three regions of the North, Central and South.

The painting “Countryside Scenery” is presented in the form of a lacquered wooden cabinet, measuring 131.5 x 94.5 x 51.8 cm. Viewed from above, extending to a wide landscape, the work brings the peaceful atmosphere of a village next to a mountainside. The late artist chose a traditional color palette, painted large but did not neglect to describe small and soulful details. The overall painting seems dynamic, using the technique of overlapping multiple layers of paint to create depth.

The Vu

Source: https://www.congluan.vn/tranh-cua-hoa-si-le-quoc-loc-duoc-ban-voi-gia-12-ty-dong-post319782.html