Arm Wrestling painting by Vicente Manansala sold for 319,994 USD

The painting was created and signed by Vicente Silva Manansala in 1948.

Vicente Silva Manansala (January 22, 1910 – August 22, 1981) was a Filipino cubist painter and illustrator. More info on wikipedia.org ► Vicente Manansala

Medium: oil on canvas

Dimensions: 55.5 x 68.5 cm (21 3/4  x 27 in)

On 05 OCTOBER 2015 the painting was auctioned by Sotheby’s Hong Kong.

The Estimated value was 480,000 — 550,000 HKD (61,934 – 70,967 USD), but after the auction was over the total selling price was 2,480,000 HKD (319,994 USD) which included the Hammer Price + Buyer’s Premium.

From Sotheby’s Glossary:

” Hammer Price
The winning bid for a lot at auction. It is the price upon which the auctioneer’s hammer falls, determining the sale price, but does not include the buyer’s premium.

Buyer’s Premium
The amount above the hammer price that is paid as part of the total purchase price. See Sotheby’s Buyer’s Premium rates here.”

So now you know it: someone is really making money from armwrestling… 🙂

Arm Wrestling by Vicente Silva Manansala (1948) │ The image was edited by XSportNews for a better viewing. If you want to see the original image, click the link below
Arm Wrestling by Vicente Silva Manansala (1948) │ The image was edited by XSportNews for a better viewing. If you want to see the original image, click the link below

The image was brightened by XSportNews for a better viewing. If you want to see the original image with a better resolution 2000 × 1615 ► artmarketmonitor.com