Jadé Fadojutimi

Clustering Thoughts

Found at Phillips, London Auction
New Now, Lot 7
9. Dec - 9. Dec 2021
Estimate: 3.000 - 5.000 GBP
Price realised: 18.900 GBP
signed and numbered 'Jadé Fadojutimi Jadé Fadojutimi 15 of 30' on the reverse
cotton, silk viscose velvet, organza ribbon, grosgrain ribbon, velvet ribbon and cotton cord on embroidered linen
118 x 167 cm (46 1/2 x 65 3/4 in.)
Executed in 2019, this work is number 15 from an edition of 30 plus 2 artist's proofs

Artwork auctioned at three times the upper estimate price

When the work Clustering Thoughts by Jadé Fadojutimi was auctioned at Phillips in London in December last year, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - GBP 5,000 but the actual price achieved was more than three times as high at GBP 18,900 (€ 22,544). Of course, this price has nothing to do with the top prices that other works by Jadé Fadojutimi achieve. The highest price we have observed so far was reached by the work Acquainted Intruder in March this year with an auction result of GBP 942,000 (€ 1,576,586).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Clustering Thoughts von Jadé Fadojutimi im Dezember letzten Jahres bei Phillips in London versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – GBP 5.000 angesetzt, der tatsächlich erzielte Preis hingegen war mit GBP 18.900 (€ 22.544) mehr als dreimal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Jadé Fadojutimi erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Acquainted Intruder im März diesen Jahres mit einem Auktionsergebnis von GBP 942.000 (€ 1.576.586).

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