Asiru Olatunde

Untitled

Found at Bonhams, London (Online Auction)
Modern & Contemporary African Art Online, Lot 54
1. Dec - 15. Dec 2021
Estimate: 700 - 1.000 GBP
Price realised: 179 GBP
Asiru Olatunde (Nigerian, 1918-1993)
Untitled
signed 'A.OLATUNDE OSOGBO' (lower centre)
aluminium relief (repoussé) panel
23.5 x 50.5cm (9 1/4 x 19 7/8in).
unframed.

Auction result misses estimated price range

This work of art by Asiru Olatunde could be acquired at Bonhams in London in December 2021 for an unexpectedly low price. In the Modern & Contemporary African Art Online auction, this work without title changed hands for GBP 178.50 (€ 212.91) - missing the lower end of the estimate range of GBP 700.00 – 1,000.00. Of course, this price has nothing to do with the top prices that other works by Asiru Olatunde achieve. The highest price we have observed so far was reached by the work Osogbo Panel in August last year with an auction result of GBP 5,737.50 (€ 6,639.31).

Auktionsergebnis verfehlt die Schätzpreisspanne

Dieses Kunstwerk von Asiru Olatunde konnte im Dezember 2021 bei Bonhams in London für einen unerwartet niedrigen Preis ersteigert werden. In der Auktion Modern & Contemporary African Art Online wechselte diese Arbeit ohne Titel für GBP 178,50 (€ 212,91) den Besitzer – und verfehlte damit das untere Ende der Schätzpreisspanne von GBP 700,00 – 1.000,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Asiru Olatunde erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Osogbo Panel im August letzten Jahres mit einem Auktionsergebnis von GBP 5.737,50 (€ 6.639,31).

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