Jade Fadojutimi

Clustering Thoughts

Found at Sothebys, London
Contemporary Art | London, Lot 1
10. Dec - 16. Dec 2021
Estimate: 2.000 - 3.000 GBP
Price realised: 9.450 GBP
Jade Fadojutimi
b. 1993
Clustering Thoughts
signed and numbered 19 of 30 on the reverse
cotton, silk viscose velvet, organza ribbon, grosgrain ribbon, velvet ribbon, cotton cord and embroidery, hand-dyed and stitched on linen
109 by 161 cm. 43 by 63½ in.
framed: 121.8 by 171.8 cm. 48 by 67½ in.
Executed in 2019, this work is number 19 from an edition of 30, plus two artist’s proofs
The Art of Empowerment - UN Women UK, London | Acquired from the above by the present owner

Artwork auctioned at three times the upper estimate price

When the work Clustering Thoughts by Jadé Fadojutimi was auctioned at Sothebys 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 3,000 but the actual price achieved was more than three times as high at GBP 9,450 (€ 11,272). 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 Myths of Pleasure in October last year with an auction result of GBP 1,172,000 (€ 1,388,503).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Clustering Thoughts von Jadé Fadojutimi im Dezember letzten Jahres bei Sothebys in London versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – GBP 3.000 angesetzt, der tatsächlich erzielte Preis hingegen war mit GBP 9.450 (€ 11.272) 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 Myths of Pleasure im Oktober letzten Jahres mit einem Auktionsergebnis von GBP 1.172.000 (€ 1.388.503).

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