Lygia Pape
Olhando Miró
Found at
Phillips,
New York Auction
20th Century & Contemporary Art Day Sale, Morning Session, Lot 177
16. May - 16. May 2018
20th Century & Contemporary Art Day Sale, Morning Session, Lot 177
16. May - 16. May 2018
Estimate: 30.000 - 40.000 USD
Price realised: 13.750 USD
Price realised: 13.750 USD
Description
signed, inscribed and dated "Lygia Pape Rio 2000" lower right
acrylic on paper
25 1/4 x 19 5/8 in. (64 x 50 cm.)
Executed in 2000.
Galeria Graça Brandão, Lisbon | Acquired from the above by the present owner
acrylic on paper
25 1/4 x 19 5/8 in. (64 x 50 cm.)
Executed in 2000.
Galeria Graça Brandão, Lisbon | Acquired from the above by the present owner
Auction result misses estimated price range
When the work Olhando Miró by Lygia Pape was auctioned at Phillips in New York in May 2018, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 30,000.00 – 40,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 13,750.00 (€ 11,782.35). Of course, this price has nothing to do with the top prices that other works by Lygia Pape achieve. The highest price we have observed so far was reached by the work Livro noite e dia (Book of Night and Day) in May 2017 with an auction result of USD 430,000.00 (€ 382,698.47).
Auktionsergebnis verfehlt die Schätzpreisspanne
Als die Arbeit Olhando Miró von Lygia Pape im Mai 2018 bei Phillips in New York versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 30.000,00 – 40.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 13.750,00 (€ 11.782,35) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Lygia Pape erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Livro noite e dia (Book of Night and Day) im Mai 2017 mit einem Auktionsergebnis von USD 430.000,00 (€ 382.698,47).
Lygia Pape - Auction history
Other artists in this auction
