Irene Rice Pereira

Untitled (Abstraction)

Found at Christies, New York
Christie's Interiors, Lot 136
4. Mar - 5. Mar 2008
Estimate: 800 - 1.000 USD
Price realised: 6.875 USD
Irene Rice Pereira (American, 1902-1971)
Untitled (Abstraction)
signed and dated 'I Rice Pereira 1956' (lower right)
gouache and ink on paper
8 x 5 in. (20.3 x 12.7 cm.)
Executed in 1956.

Artwork auctioned at six times the upper estimate price

When the work Untitled (Abstraction) by Irene Rice Pereira was auctioned at Christies in New York in March 2008, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 1,000.00 but the actual price achieved was more than six times as high at USD 6,875.00 (€ 4,349.89). Of course, this price has nothing to do with the top prices that other works by Irene Rice Pereira achieve. The highest price we have observed so far was reached by the work Untitled (Generator) in May last year with an auction result of USD 60,480.00 (€ 56,360.08).

Kunstwerk zum Sechsfachen des oberen Schätzpreises versteigert

Als die Arbeit Untitled (Abstraction) von Irene Rice Pereira im März 2008 bei Christies in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 1.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 6.875,00 (€ 4.349,89) mehr als sechsmal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Irene Rice Pereira erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Untitled (Generator) im Mai letzten Jahres mit einem Auktionsergebnis von USD 60.480,00 (€ 56.360,08).

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556 auction results
Nicola Simbari - Figure on the beach
Nicola Simbari
Auction: 4. Mar - 5. Mar 2008
Title: Figure on the beach
Price: 6.000 USD
Found at Christies
111 auction results
Tadashi Asoma - Umbrella
Tadashi Asoma
Auction: 4. Mar - 5. Mar 2008
Title: Umbrella
Price: 3.250 USD
Found at Christies
4 auction results
Bernard Buffet - [Still life]
Bernard Buffet
Auction: 4. Mar - 5. Mar 2008
Title: [Still life]
Price: 187 USD
Found at Christies
1,715 auction results