Jacob Lawrence

New York in Transit I

Found at Christies, New York
American Art, Lot 7
17. May - 17. May 2022
Estimate: 150.000 - 250.000 USD
Price realised: 163.800 USD
JACOB LAWRENCE (1917-2000)
New York in Transit I
signed and dated 'Jacob Lawrence 1996' (lower right)—inscribed with various notations (in the margins)
gouache and pencil on paper
image, 13 x 42 in. (33 x 106.7 cm.);
overall, 26 1⁄4 x 47 1⁄2 in. (66.7 x 120.7 cm.)

Auction result well in line with expectations

The work New York in Transit I by Jacob Lawrence was auctioned at Christies in New York in May last year. The estimated price for the artwork was previously given by the auction house with a range of USD 150,000.00 – 250,000.00, the actual price achieved of USD 163,800.00 (€ 152,641.88) could thus just exceed the lower estimate. Of course, this price has nothing to do with the top prices that other works by Jacob Lawrence achieve. The highest price we have observed so far was reached by the work The Businessmen in November 2018 with an auction result of USD 6,169,800.00 (€ 5,448,909.30).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit New York in Transit I von Jacob Lawrence kam im Mai letzten Jahres bei Christies in New York zur Auktion. Der Schätzpreis für das Kunstwerk wurde von dem Auktionshaus zuvor mit einer Spanne von USD 150.000,00 – 250.000,00 angegeben, der tatsächlich erzielte Preis von USD 163.800,00 (€ 152.641,88) konnte den unteren Schätzpreis somit knapp übertreffen. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Jacob Lawrence erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit The Businessmen im November 2018 mit einem Auktionsergebnis von USD 6.169.800,00 (€ 5.448.909,30).

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