Ed Ruscha
Chain and Cable
Estimate: 2.500.000 - 3.500.000 USD
Price realised: 2.107.000 USD
Price realised: 2.107.000 USD
Description
ED RUSCHA (b. 1937)
Chain and Cable
signed and dated 'Ed Ruscha 1987' (on the reverse); signed again, titled and dated again 'ED RUSCHA "CHAIN AND CABLE" 1987' (on the stretcher)
acrylic on canvas
64 x 64 in. (162.6 x 162.6 cm.)
Painted in 1987.
Chain and Cable
signed and dated 'Ed Ruscha 1987' (on the reverse); signed again, titled and dated again 'ED RUSCHA "CHAIN AND CABLE" 1987' (on the stretcher)
acrylic on canvas
64 x 64 in. (162.6 x 162.6 cm.)
Painted in 1987.
Auction result misses estimated price range
This work of art by Ed Ruscha could be acquired at Christies in New York in November this year for an unexpectedly low price. In the 21st Century Evening Sale auction, the work Chain and Cable changed hands for USD 2,107,000.00 (€ 1,931,609.83) - missing the lower end of the estimate range of USD 2,500,000.00 – 3,500,000.00. Of course, this price has nothing to do with the top prices that other works by Ed Ruscha achieve. The highest price we have observed so far was reached by the work Hurting the Word Radio #2 in November 2019 with an auction result of USD 52,485,000.00 (€ 47,631,364.01).
Auktionsergebnis verfehlt die Schätzpreisspanne
Dieses Kunstwerk von Ed Ruscha konnte im November diesen Jahres bei Christies in New York für einen unerwartet niedrigen Preis ersteigert werden. In der Auktion 21st Century Evening Sale wechselte die Arbeit Chain and Cable für USD 2.107.000,00 (€ 1.931.609,83) den Besitzer – und verfehlte damit das untere Ende der Schätzpreisspanne von USD 2.500.000,00 – 3.500.000,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Ed Ruscha erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Hurting the Word Radio #2 im November 2019 mit einem Auktionsergebnis von USD 52.485.000,00 (€ 47.631.364,01).