Rackstraw Downes
In the High Island Oil Field; Afternoon, Late March
Estimate: 15.000 - 20.000 USD
Price realised: 76.375 USD
Price realised: 76.375 USD
Description
Rackstraw Downes (b. 1939)
In the High Island Oil Field; Afternoon, Late March
signed, titled and dated 'RACKSTRAW DOWNES In the High Island Oil Field; Afternoon, Late March 1988-90' (on coardboard attached to the reverse)
oil on canvas
16 x 108 in. (40.6 x 274.3 cm.)
Painted in 1988-1990
In the High Island Oil Field; Afternoon, Late March
signed, titled and dated 'RACKSTRAW DOWNES In the High Island Oil Field; Afternoon, Late March 1988-90' (on coardboard attached to the reverse)
oil on canvas
16 x 108 in. (40.6 x 274.3 cm.)
Painted in 1988-1990
Artwork auctioned at three times the upper estimate price
When the work In the High Island Oil Field; Afternoon, Late March by Rackstraw Downes was auctioned at Christies in Los Angeles in December 2000, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 20,000.00 but the actual price achieved was more than three times as high at USD 76,375.00 (€ 81,353.86). Despite this good result, it is not the highest hammer price for an artwork by Rackstraw Downes; that achieved among the auctions we observed the lot Approach To The Holland Tunnel With 75 Varick sold at auction in November 2016 with the realized price of USD 87,500.00 (€ 82,718.85).
Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert
Als die Arbeit In the High Island Oil Field; Afternoon, Late March von Rackstraw Downes im Dezember 2000 bei Christies in Los Angeles versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 20.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 76.375,00 (€ 81.353,86) mehr als dreimal so hoch. Trotz des guten Ergebnisses ist dies nicht der höchste Zuschlag für ein Kunstwerk von Rackstraw Downes; den erzielte unter den von uns beobachteten Auktionen die Arbeit Approach To The Holland Tunnel With 75 Varick im November 2016 mit dem Hammerpreis von USD 87.500,00 (€ 82.718,85).
Rackstraw Downes - Auction history
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