Helen Frankenthaler

Alchemy

Found at Bonhams, New York
Post-War & Contemporary Art, Lot 5
16. NOV - 16. NOV 2023
Estimate: 2.000.000 - 3.000.000 USD
Price realised: 2.964.500 USD
PROPERTY FROM THE ESTATE OF DANA AND CHUCK MALTZ
HELEN FRANKENTHALER (1928-2011)
Alchemy
1964
signed; signed and dated 1964 on the reverse
acrylic on canvas
81 1/2 by 79 3/4 in.
207.1 by 202.6 cm.
André Emmerich Gallery, New York | Acquavella Galleries, New York | Private Collection, Connecticut | Jan Turner Gallery, New York | Acquired directly from the above by the present owner in 1992

Auction result well in line with expectations

The work Alchemy by Helen Frankenthaler was sold in the Post-War & Contemporary Art auction at Bonhams in New York in November this year. It changed hands for a price of USD 2,964,500.00 (€ 2,717,730.11) achieving a result in the upper range of the estimate price range of USD 2,000,000.00 – 3,000,000.00. However, buyers have had to dig much deeper into their pockets for other works by Helen Frankenthaler - we have observed the highest auction result to date for the work Royal Fireworks, which sold at auction in June 2020 for USD 7,895,300.00 (€ 7,029,917.19).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Alchemy von Helen Frankenthaler wurde im November diesen Jahres in der Auktion Post-War & Contemporary Art bei Bonhams in New York versteigert. Dabei wechselte sie für einen Preis von USD 2.964.500,00 (€ 2.717.730,11) den Besitzer und erzielte damit ein Ergebnis im oberen Bereich der Schätzpreisspanne von USD 2.000.000,00 – 3.000.000,00. Für andere Arbeiten von Helen Frankenthaler mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Royal Fireworks beobachtet, die im Juni 2020 für USD 7.895.300,00 (€ 7.029.917,19) versteigert wurde.

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