Christo

Wrapped Reichstag (Project for Berlin)

Found at Sothebys, Cologne
Modern & Contemporary Auction, Lot 68
1. Apr - 7. Apr 2022
Estimate: 20.000 - 30.000 EUR
Price realised: 40.320 EUR
Christo
1935 - 2020
Wrapped Reichstag (Project for Berlin)
signed and dated 1995; signed and dated 1995 on the reverse
graphite, charcoal, wax crayon, pastel, fabric, photograph by Wolfgang Volz and collage on paper laid down on board
28 by 21.5 cm., 11 by 8½ in.
The authenticity of this work has been confirmed by the Christo Estate, Paris.
Galerie am Dom, Wetzlar | Acquired from the above by the present owner

Upper estimate price exceeded by 34%

The work Wrapped Reichstag (Project for Berlin) by Christo was auctioned at Sothebys in Cologne in April this year. It achieved a price of EUR 40,320, exceeding the upper end of the estimate range by 34%. 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 last year with an auction result of EUR 1,706,500.

Oberer Schätzpreis um 34% übertroffen

Die Arbeit Wrapped Reichstag (Project for Berlin) von Christo kam im April diesen Jahres bei Sothebys in Köln zur Auktion. Sie erzielte dabei einen Preis von EUR 40.320 und übertraf damit das obere Ende der Schätzpreisspanne um 34%. 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 letzten Jahres mit einem Auktionsergebnis von EUR 1.706.500.

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