Panamarenko
Untitled (Study For Delta Man Powered Aeroplane)
Found at
Christies,
Amsterdam (Online Auction)
The Curator’s Eye: The Collection of Professor Dr Karin von Maur, Lot 137
25. May - 25. May 2021
The Curator’s Eye: The Collection of Professor Dr Karin von Maur, Lot 137
25. May - 25. May 2021
Estimate: XX.XXX
Price realised: XX.XXX
Price realised: XX.XXX
Description
Panamarenko (1940-2019)
signed and dated 'Panamerenko 72' (lower right)
ballpoint and pencil on paper
22.5 x 30cm.
Executed in 1972
Please note this lot is the property of a private individual.
Galerie Michael Werner, Cologne. | Galerie Müller, Stuttgart. | Acquired from the above by the present owner in 1973.
signed and dated 'Panamerenko 72' (lower right)
ballpoint and pencil on paper
22.5 x 30cm.
Executed in 1972
Please note this lot is the property of a private individual.
Galerie Michael Werner, Cologne. | Galerie Müller, Stuttgart. | Acquired from the above by the present owner in 1973.
Artwork auctioned at eight times the upper estimate price
When the work Untitled (Study For Delta Man Powered Aeroplane) by Panamarenko was auctioned at Christies in Amsterdam in May 2021, the result exceeded expectations many times over. The upper estimate was set at - in retrospect quite modest - EUR 1,500.00 but the actual price achieved was more than eight times as high at EUR 12,500.00. Of course, this price has nothing to do with the top prices that other works by Panamarenko achieve. The highest price we have observed so far was reached by the work Prova-Car in June 2005 with an auction result of GBP 232,000.00 (€ 343,838.65).
Kunstwerk zum Achtfachen des oberen Schätzpreises versteigert
Als die Arbeit Untitled (Study For Delta Man Powered Aeroplane) von Panamarenko im Mai 2021 bei Christies in Amsterdam versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – EUR 1.500,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit EUR 12.500,00 mehr als achtmal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Panamarenko erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Prova-Car im Juni 2005 mit einem Auktionsergebnis von GBP 232.000,00 (€ 343.838,65).
Panamarenko - Auction history
Other artists in this auction
