Larry Rivers

Queen of Clubs

Found at Bonhams
Post-War & Contemporary Art Online, Lot 118
17. Jul - 27. Jul 2023
Estimate: 8.000 - 12.000 USD
Price realised: 48.000 USD
PROPERTY FROM THE BANKRUPTCY ESTATE OF CHOWAIKI & CO. FINE ART LTD.
LARRY RIVERS (1923-2002)
Queen of Clubs
1960
signed; signed on the reverse
oil on canvas
10 by 8 in.
25.4 by 20.3 cm.
Jeffrey Loria, New York | Acquired directly from the above by the present owner

Artwork auctioned at four times the upper estimate price

When the work Queen of Clubs by Larry Rivers was auctioned at Bonhams in July this year, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 12,000.00 but the actual price achieved was more than four times as high at USD 48,000.00 (€ 43,557.17). Of course, this price has nothing to do with the top prices that other works by Larry Rivers achieve. The highest price we have observed so far was reached by the work Africa I in May 2021 with an auction result of USD 2,077,000.00 (€ 1,703,296.70).

Kunstwerk zum Vierfachen des oberen Schätzpreises versteigert

Als die Arbeit Queen of Clubs von Larry Rivers im Juli diesen Jahres bei Bonhams versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 12.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 48.000,00 (€ 43.557,17) mehr als viermal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Larry Rivers erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Africa I im Mai 2021 mit einem Auktionsergebnis von USD 2.077.000,00 (€ 1.703.296,70).

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