Michael Rey

Untitled

Found at Phillips, Online Auction
Current Mood: Online Auction, Lot 28
15. Apr - 23. Apr 2020
Estimate: 3.000 - 5.000 USD
Price realised: 625 USD
signed and dated "M. REY 2013" on the reverse
oil on plasticine on panel
81 x 28 7/8 in. (205.7 x 73.3 cm)
Executed in 2013.
Acquired directly from the artist by the present owner

Auction result misses estimated price range

When this work without title by Michael Rey was auctioned at Phillips in an online auction in April 2020, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 3,000.00 – 5,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 625.00 (€ 570.52). Of course, this price has nothing to do with the top prices that other works by Michael Rey achieve. The highest price we have observed so far was reached by the work ZAM in October 2016 with an auction result of GBP 6,000.00 (€ 6,684.18).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als diese Arbeit ohne Titel von Michael Rey im April 2020 bei Phillips in einer Online-Auktion versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 3.000,00 – 5.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 625,00 (€ 570,52) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Michael Rey erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit ZAM im Oktober 2016 mit einem Auktionsergebnis von GBP 6.000,00 (€ 6.684,18).

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