Arshile Gorky

Untitled (from the Fireplace in Virginia series)

Found at Sothebys, New York
Modern Evening Auction, Lot 12
9. May - 18. May 2022
Estimate: 1.400.000 - 1.800.000 USD
Price realised: 1.197.000 USD
Drawn Together: The Collection of Marcia and Stanley Gumberg, featuring Modern Masterworks on Paper
Arshile Gorky
1904 - 1948
Untitled (from the Fireplace in Virginia series)
pencil and sargent crayon on paper
22 by 30 in. 55.9 by 76.2 cm.
Executed in 1946.
This work is included in the Arshile Gorky Catalogue Raisonné as number D1293.
--------------------------------------------------------------------- 同途樂藝:瑪西婭與史丹利・甘堡伉儷收藏,特呈現代大師紙本傑作
Estate of the artist | Private Collection, New York (acquired from the above in 1975) | Xavier Fourcade, Inc., New York | Acquired from the above in June 1987 by the present owner

Auction result misses estimated price range

When the work Untitled (from the Fireplace in Virginia series) by Arshile Gorky was auctioned at Sothebys in New York in May last year, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 1,400,000.00 – 1,800,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 1,197,000.00 (€ 1,115,459.88). Of course, this price has nothing to do with the top prices that other works by Arshile Gorky achieve. The highest price we have observed so far was reached by the work Charred Beloved I in November this year with an auction result of USD 23,410,000.00 (€ 21,461,312.80).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als die Arbeit Untitled (from the Fireplace in Virginia series) von Arshile Gorky im Mai letzten Jahres bei Sothebys in New York versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 1.400.000,00 – 1.800.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 1.197.000,00 (€ 1.115.459,88) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Arshile Gorky erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Charred Beloved I im November diesen Jahres mit einem Auktionsergebnis von USD 23.410.000,00 (€ 21.461.312,80).

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