Cy Twombly

Untitled

Found at Sothebys, Milan
Contemporary Auction, Lot 35
7. Apr - 13. Apr 2022
Estimate: 120.000 - 180.000 EUR
Price realised: 170.100 EUR
Cy Twombly
1928 - 2011
Untitled
signed with monogram on the reverse
pencil on paper
Executed in 1957
(siglato sul retro
matita su carta
Eseguito nel 1957) cm 26,9x31,5; inches 10.59 by 12.40
Galerie Karsten Greve, Cologne | Hirschl & Adler Modern, New York | Thomas Ammann Fine Art, Zurich | Private collection

Auction result well in line with expectations

In April last year Sothebys in Milan held the auction Contemporary Auction, which included this untitled work by Cy Twombly. It changed hands for a price of EUR 170,100.00 achieving a result in the upper range of the estimate price range of EUR 120,000.00 – 180,000.00. Of course, this price has nothing to do with the top prices that other works by Cy Twombly achieve. The highest price we have observed so far was reached by the work Untitled (New York City) in November 2015 with an auction result of USD 70,530,000.00 (€ 66,777,125.54).

Auktionsergebnis im Rahmen der Erwartungen

Im April letzten Jahres führte Sothebys in Mailand die Auktion Contemporary Auction durch, in der auch diese Arbeit ohne Titel von Cy Twombly zur Versteigerung kam. Dabei wechselte sie für einen Preis von EUR 170.100,00 den Besitzer und erzielte damit ein Ergebnis im oberen Bereich der Schätzpreisspanne von EUR 120.000,00 – 180.000,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Cy Twombly erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Untitled (New York City) im November 2015 mit einem Auktionsergebnis von USD 70.530.000,00 (€ 66.777.125,54).

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