Luis Martínez Pedro

Aguas Territoriales

Found at Bonhams, New York (Online Auction)
Cuban ArtFeaturing the work of Loló Soldevilla, Lot 2
12. Jul - 22. Jul 2021
Estimate: 3.000 - 5.000 USD
Price realised: 3.825 USD
LUIS MARTÍNEZ PEDRO (1910-1989)
Aguas Territoriales
1963
signed; signed, monogrammed, and dated 1963 on the reverse
oil stick on paper
11 3/8 by 15 in.
28.9 by 38.1 cm.
This work is accompanied by a certificate of authenticity signed by Odalys Borges Arana, Havana, Cuba.
Private Collection, Palm Beach | Acquired directly from the above by the present owner

Auction result well in line with expectations

The work Aguas Territoriales by Luis Martínez-Pedro was auctioned at Bonhams in New York in July 2021. The price achieved of USD 3,825.00 (€ 3,224.04) was within expectations - the estimate range had previously been set by the auction house as USD 3,000.00 – 5,000.00. Of course, this price has nothing to do with the top prices that other works by Luis Martínez-Pedro achieve. The highest price we have observed so far was reached by the work Composition No. 16 in November 2016 with an auction result of USD 43,750.00 (€ 41,359.43).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Aguas Territoriales von Luis Martínez-Pedro kam im Juli 2021 bei Bonhams in New York zur Auktion. Der dabei erzielte Preis von USD 3.825,00 (€ 3.224,04) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit USD 3.000,00 – 5.000,00 angegeben worden. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Luis Martínez-Pedro erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Composition No. 16 im November 2016 mit einem Auktionsergebnis von USD 43.750,00 (€ 41.359,43).

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