Michael Kagan

Buzz

Found at Christies, New York
Post-War & Contemporary Art Day Sale, Lot 133
10.Jul - 10.Jul.2020
Estimate: 25.000 - 35.000 USD
Price realised: 106.250 USD
signed, titled and dated 'Michael Kagan Buzz, 2020' (on the reverse)
oil on linen
36 x 36 in. (91.4 x 91.4 cm.)
Painted in 2020.
Donated by the artist

Artwork auctioned at three times the upper estimate price

The work Buzz by Michael Kagan was worth USD 106,250.00 (€ 90,241.21) to a buyer in July 2020. This price was achieved in the auction Post-War & Contemporary Art Day Sale at Christies in New York and exceeded the previously set upper estimate of USD 35,000.00 many times over. Despite this good result, it is not the highest hammer price for an artwork by Michael Kagan; that achieved among the auctions we observed the lot It Begins sold at auction in June last year with the realized price of HKD 1,134,000.00 (€ 137,999.43).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Die Arbeit Buzz von Michael Kagan war einem Käufer im Juli 2020 USD 106.250,00 (€ 90.241,21) wert. Dieser Preise wurde in der Auktion Post-War & Contemporary Art Day Sale bei Christies in New York erzielt und übertraf den zuvor angesetzten oberen Schätzpreis von USD 35.000,00 um ein Vielfaches. Trotz des guten Ergebnisses ist dies nicht der höchste Zuschlag für ein Kunstwerk von Michael Kagan; den erzielte unter den von uns beobachteten Auktionen die Arbeit It Begins im Juni letzten Jahres mit dem Hammerpreis von HKD 1.134.000,00 (€ 137.999,43).

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