Albert Eugene Gallatin

Untitled

Found at Sothebys, London
Impressionist & Modern Art Day Sale, Lot 314
29. Jul - 29. Jul 2020
Estimate: 20.000 - 30.000 GBP
Price realised: 17.500 GBP
THE EUROPEAN AVANT-GARDE: A PRIVATE FAMILY COLLECTION
ALBERT EUGENE GALLATIN
1881 - 1952
UNTITLED
signed A. E. Gallatin and dated Feb 1943 on the reverse
oil on canvas
61 by 25.6cm., 24 by 10⅛in.
Framed: 75.5 by 40cm., 29¾ by 15¾in.
Painted in February 1943. Please note: Condition 11 of the Conditions of Business for Buyers (Online Only) is not applicable to this lot.
Hirschl & Adler Galleries, Inc., New York | Acquired from the above in 1988

Auction result misses estimated price range

This work of art by Albert Gallatin could be acquired at Sothebys in London in July 2020 for an unexpectedly low price. In the Impressionist & Modern Art Day Sale auction, this work without title changed hands for GBP 17,500.00 (€ 19,519.92) - missing the lower end of the estimate range of GBP 20,000.00 – 30,000.00. However, buyers have had to dig much deeper into their pockets for other works by Albert Gallatin - we have observed the highest auction result to date for the work New York World'S Fair, which sold at auction in September 2017 for USD 60,000.00 (€ 50,791.50).

Auktionsergebnis verfehlt die Schätzpreisspanne

Dieses Kunstwerk von Albert Gallatin konnte im Juli 2020 bei Sothebys in London für einen unerwartet niedrigen Preis ersteigert werden. In der Auktion Impressionist & Modern Art Day Sale wechselte diese Arbeit ohne Titel für GBP 17.500,00 (€ 19.519,92) den Besitzer – und verfehlte damit das untere Ende der Schätzpreisspanne von GBP 20.000,00 – 30.000,00. Für andere Arbeiten von Albert Gallatin mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit New York World'S Fair beobachtet, die im September 2017 für USD 60.000,00 (€ 50.791,50) versteigert wurde.

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