Franz West

Helicopter

Found at Sothebys, London
The Hoarder: Part III, Lot 9
15. Dec - 21. Dec 2021
Estimate: 18.000 - 25.000 GBP
Price realised: 13.860 GBP
Franz West
1947 - 2012
Helicopter
signed and dated 77
oil on printed paper
27.5 by 41.7 cm. 10⅞ by 16⅜ in.
framed: 46 by 60.2 cm. 18⅛ by 23¾ in.
Mathias Arndt Gallery, Berlin | Acquired from the above by the present owner

Auction result misses estimated price range

When the work Helicopter by Franz West was auctioned at Sothebys in London in December 2021, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of GBP 18,000.00 – 25,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for GBP 13,860.00 (€ 16,532.07). Of course, this price has nothing to do with the top prices that other works by Franz West achieve. The highest price we have observed so far was reached by the work without title in May 2017 with an auction result of USD 871,500.00 (€ 775,631.90).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als die Arbeit Helicopter von Franz West im Dezember 2021 bei Sothebys in London versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von GBP 18.000,00 – 25.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für GBP 13.860,00 (€ 16.532,07) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Franz West erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit ohne Titel im Mai 2017 mit einem Auktionsergebnis von USD 871.500,00 (€ 775.631,90).

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