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Alejandro Otero - Bourgogne Aligoté

Alejandro Otero

Bourgogne Aligoté

Found at Sothebys, New York
Contemporary Art Day Auction, Lot 190
17. May - 17. May 2018
Estimate: XX.XXX
Price realised: XX.XXX
Alejandro Otero
1921 - 1990
BOURGOGNE ALIGOTÉ
signed and dated 62; signed, titled and dated Paris 1962 on the reverse
paper, fabric and thread collage mounted to board 
13 3/4 by 10 3/4 in. 35 by 27.3 cm.
Hans Neumann, Caracas | Acquired from the above by the present owner

Auction result misses estimated price range

In May 2018 a collector was able to acquire the work Bourgogne Aligoté by Alejandro Otero for USD 16,250.00 (€ 13,924.59). This price was achieved in the auction Contemporary Art Day Auction at Sothebys in New York and was even below the estimate range of USD 25,000.00 – 35,000.00 set by the auction house. Of course, this price has nothing to do with the top prices that other works by Alejandro Otero achieve. The highest price we have observed so far was reached by the work Coloritmo 57 in November 2015 with an auction result of USD 790,000.00 (€ 747,964.40).

Auktionsergebnis verfehlt die Schätzpreisspanne

Im Mai 2018 konnte ein Sammler die Arbeit Bourgogne Aligoté von Alejandro Otero für USD 16.250,00 (€ 13.924,59) erwerben. Dieser Preis wurde in der Auktion Contemporary Art Day Auction bei Sothebys in New York erzielt und lag noch unterhalb der von dem Auktionshaus angesetzten Schätzpreisspanne von USD 25.000,00 – 35.000,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Alejandro Otero erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Coloritmo 57 im November 2015 mit einem Auktionsergebnis von USD 790.000,00 (€ 747.964,40).

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