James Edward Buttersworth

Racing Yachts Magic and Gracie

Found at Bonhams, New York
American Art, Lot 20
24. Nov - 24. Nov 2020
Estimate: 40.000 - 60.000 USD
Price realised: 37.813 USD
PROPERTY FROM THE COLLECTION OF AUDREY NYE
James Edward Buttersworth (1817-1894)
Racing Yachts Magic and Gracie
signed 'J.E. Buttersworth' (lower right)
oil on canvas laid down on panel
7 7/8 x 18 1/8in (20 x 46cm)
Harry Gale Nye Jr., Newport Beach, California, by 1958. | By descent to the present owner, 1987.

Auction result misses estimated price range

When the work Racing Yachts Magic and Gracie by James Edward Buttersworth was auctioned at Bonhams in New York in November 2020, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 40,000.00 – 60,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 37,812.50 (€ 31,647.56). Of course, this price has nothing to do with the top prices that other works by James Edward Buttersworth achieve. The highest price we have observed so far was reached by the work The Yacht "Magic" Defending America'S Cup, 1870 in November 2014 with an auction result of USD 821,000.00 (€ 660,073.97).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als die Arbeit Racing Yachts Magic and Gracie von James Edward Buttersworth im November 2020 bei Bonhams in New York versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 40.000,00 – 60.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 37.812,50 (€ 31.647,56) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von James Edward Buttersworth erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit The Yacht "Magic" Defending America'S Cup, 1870 im November 2014 mit einem Auktionsergebnis von USD 821.000,00 (€ 660.073,97).

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