Arakawa

There Are ...

Found at Sothebys, London
Contemporary Art Day Auction, Lot 186
12. Feb - 12. Feb 2020
Estimate: 30.000 - 40.000 GBP
Price realised: 35.000 GBP
Arakawa
1936 - 2010
THERE ARE ...
signed, titled and dated 1969; signed, titled and dated 1969 on the stretcher; signed, titled and dated 1969 on the reverse
oil and pencil on canvas
124.5 by 183 cm. 49 by 72 in.
Galerie Schmela, Dusseldorf | Galerie Onnasch, Cologne | Private Collection | Christie's, London, 1 December 1981, Lot 533 | Acquired from the above by the present owner

Auction result well in line with expectations

The work There Are ... by Shusaku Arakawa was auctioned at Sothebys in London in February 2020. The price achieved of GBP 35,000.00 (€ 40,565.08) was within expectations - the estimate range had previously been set by the auction house as GBP 30,000.00 – 40,000.00. However, buyers have had to dig much deeper into their pockets for other works by Shusaku Arakawa - we have observed the highest auction result to date for the work Vertical Thought, which sold at auction in October 2017 for GBP 137,500.00 (€ 156,776.91).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit There Are ... von Shusaku Arakawa kam im Februar 2020 bei Sothebys in London zur Auktion. Der dabei erzielte Preis von GBP 35.000,00 (€ 40.565,08) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit GBP 30.000,00 – 40.000,00 angegeben worden. Für andere Arbeiten von Shusaku Arakawa mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Vertical Thought beobachtet, die im Oktober 2017 für GBP 137.500,00 (€ 156.776,91) versteigert wurde.

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