Christo
Packed Coast (Project for Little Bay, New South Wales, Near Sydney, Australia)
Estimate: 40.000 - 50.000 GBP
Price realised: 73.080 GBP
Price realised: 73.080 GBP
Description
Christo
1935 - 2020
Packed Coast (Project for Little Bay, New South Wales, Near Sydney, Australia)
signed, titled, dated 1969 and variously inscribed; signed, titled, dated 1969 and variously inscribed on the reverse
pencil, graphite, wax crayon, adhesive tape, cloth, string, staples, woven reinforced polypropylene, paper and photo collage on board
70.4 by 55.1 cm. 27¾ by 21¾ in.
framed: 72.2 by 56.9 cm. 28⅜ by 22⅜ in.
Robert Elkon Gallery, New York | Acquired from the above by the late owner in the 1980s
1935 - 2020
Packed Coast (Project for Little Bay, New South Wales, Near Sydney, Australia)
signed, titled, dated 1969 and variously inscribed; signed, titled, dated 1969 and variously inscribed on the reverse
pencil, graphite, wax crayon, adhesive tape, cloth, string, staples, woven reinforced polypropylene, paper and photo collage on board
70.4 by 55.1 cm. 27¾ by 21¾ in.
framed: 72.2 by 56.9 cm. 28⅜ by 22⅜ in.
Robert Elkon Gallery, New York | Acquired from the above by the late owner in the 1980s
Upper estimate price exceeded by 46 %.
In March last year Sothebys in London held the auction Modern & Contemporary Day Auction, which included the work Packed Coast (Project for Little Bay, New South Wales, Near Sydney, Australia) by Christo. The »bidding war« ended at GBP 73,080.00 (€ 86,644.57), 46% above the upper estimate. Of course, this price has nothing to do with the top prices that other works by Christo achieve. The highest price we have observed so far was reached by the work The Umbrellas (Joint project for Japan and USA) in February 2021 with an auction result of EUR 1,706,500.00.
Oberer Schätzpreis um 46 % übertroffen
Im März letzten Jahres führte Sothebys in London die Auktion Modern & Contemporary Day Auction durch, in der auch die Arbeit Packed Coast (Project for Little Bay, New South Wales, Near Sydney, Australia) von Christo zur Versteigerung kam. Das »Bietergefecht« endete beim Preis von GBP 73.080,00 (€ 86.644,57) und damit 46% über dem oberen Schätzpreis. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Christo erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit The Umbrellas (Joint project for Japan and USA) im Februar 2021 mit einem Auktionsergebnis von EUR 1.706.500,00.