Shay Rieger

Abstract

Found at Sothebys, New York
Joseph H. Hirshhorn: Collector for A Nation - An Online Sale, Lot 47
2. Apr - 2. Apr 2020
Estimate: 250 - 350 USD
Price realised: 5.000 USD
SHAY RIEGER
1923 - 2015
ABSTRACT
signed and dated '57
oil on canvas mounted to board
Canvas: 34⅜ by 78¾ in. (87.3 by 200 cm.)
Framed: 35½ by 80 in. (90.1 by 203.2 cm.)
The Collection of Joseph H. Hirshhorn | Hirshhorn museum and Sculpture Garden (gift of the above in 1981)

Artwork auctioned at 14 times the upper estimate price

When the work Abstract by Shay Rieger was auctioned at Sothebys in New York in April 2020, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 350.00 but the actual price achieved was more than 14 times as high at USD 5,000.00 (€ 4,564.13). However, buyers have had to dig much deeper into their pockets for other works by Shay Rieger - we have observed the highest auction result to date for the work Abstract, which sold at auction in April 2020 for USD 12,500.00 (€ 11,410.31).

Kunstwerk zum 14-fachen des oberen Schätzpreises versteigert

Als die Arbeit Abstract von Shay Rieger im April 2020 bei Sothebys in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 350,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 5.000,00 (€ 4.564,13) mehr als 14-mal so hoch. Für andere Arbeiten von Shay Rieger mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Abstract beobachtet, die im April 2020 für USD 12.500,00 (€ 11.410,31) versteigert wurde.

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