Olafur Eliasson

The hue of the void

Found at Phillips, New York Auction
The Hall Art Foundation for Dreyfoos, Lot 313
8. Dec - 8. Dec 2020
Estimate: 10.000 - 15.000 USD
Price realised: 21.420 USD
signed and dated “Olafur Eliasson 2020” lower right
watercolor and pencil on paper
14 1/2 x 10 1/4 in. (36.8 x 26 cm)
Executed in 2020.
All proceeds received by the Hall Art Foundation from the sale of this artwork will be gifted to the School of the Arts Foundation, Inc. and used to implement scholarships at the Alexander W. Dreyfoos School of the Arts in West Palm Beach, Florida for low-income Black students who wish to pursue a career in the visual and performing arts.
Courtesy of the Artist

Upper estimate price exceeded by 43 %.

In December 2020 Phillips in New York held the auction The Hall Art Foundation for Dreyfoos, which included the work The hue of the void by Olafur Eliasson. The »bidding war« ended at USD 21,420.00 (€ 17,514.31), 43% above the upper estimate. Of course, this price has nothing to do with the top prices that other works by Olafur Eliasson achieve. The highest price we have observed so far was reached by the work Fivefold Eye in October 2007 with an auction result of GBP 748,500.00 (€ 1,074,895.25).

Oberer Schätzpreis um 43 % übertroffen

Im Dezember 2020 führte Phillips in New York die Auktion The Hall Art Foundation for Dreyfoos durch, in der auch die Arbeit The hue of the void von Olafur Eliasson zur Versteigerung kam. Das »Bietergefecht« endete beim Preis von USD 21.420,00 (€ 17.514,31) und damit 43% über dem oberen Schätzpreis. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Olafur Eliasson erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Fivefold Eye im Oktober 2007 mit einem Auktionsergebnis von GBP 748.500,00 (€ 1.074.895,25).

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