A. Balasubramaniam

Hidden Sight

Found at Christies, New York
South Asian Modern + Contemporary Art, Lot 695
14. Sep - 14. Sep 2016
Estimate: 40.000 - 60.000 USD
Price realised: 43.750 USD
fiberglass, acrylic and wood
22¾ x 20½ x 3 in. (57.8 x 52.1 x 7.6 cm.)
Executed in 2007; number two from an edition of three
Donated anonymously to the Pamela and Ajay Raju Foundation

Auction result well in line with expectations

The work Hidden Sight by Alwar Balasubramaniam was sold in the South Asian Modern + Contemporary Art auction at Christies in New York in September 2016. The estimated price for the artwork was previously given by the auction house with a range of USD 40,000.00 – 60,000.00, the actual price achieved of USD 43,750.00 (€ 38,930.41) could thus just exceed the lower estimate. However, buyers have had to dig much deeper into their pockets for other works by Alwar Balasubramaniam - we have observed the highest auction result to date for the work Gravity, which sold at auction in December 2014 for INR 11,025,000.00 (€ 143,950.91).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Hidden Sight von Alwar Balasubramaniam wurde im September 2016 in der Auktion South Asian Modern + Contemporary Art bei Christies in New York versteigert. Der Schätzpreis für das Kunstwerk wurde von dem Auktionshaus zuvor mit einer Spanne von USD 40.000,00 – 60.000,00 angegeben, der tatsächlich erzielte Preis von USD 43.750,00 (€ 38.930,41) konnte den unteren Schätzpreis somit knapp übertreffen. Für andere Arbeiten von Alwar Balasubramaniam mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Gravity beobachtet, die im Dezember 2014 für INR 11.025.000,00 (€ 143.950,91) versteigert wurde.

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