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Barnett Newman - Note IV, from Notes (S. 25)

Barnett Newman

Note IV, from Notes (S. 25)

Found at Phillips, New York Auction
Editions & Works on Paper, Lot 82
19. Apr - 21. Apr 2022
Estimate: XX.XXX
Price realised: XX.XXX
1968
Etching, on wove Italia paper, with full margins.
I. 5 7/8 x 3 in. (14.9 x 7.6 cm)
S. 19 7/8 x 14 in. (50.5 x 35.6 cm)
Signed by Annalee Newman and dated 'October 17, 1978' in pencil on the reverse, titled, dated '1968' and numbered 'H.C. 1/2' in pencil on the front (an hors commerce, the edition was 7 and 2 artist's proofs), published by Universal Limited Art Editions, West Islip, New York (with their and the artists blindstamps), framed.

Artwork auctioned at three times the upper estimate price

When the work Note IV, from Notes (S. 25) by Barnett Newman was auctioned at Phillips in New York in April last year, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 9,000.00 but the actual price achieved was more than three times as high at USD 27,720.00 (€ 26,307.30). Of course, this price has nothing to do with the top prices that other works by Barnett Newman achieve. The highest price we have observed so far was reached by the work Black Fire I in May 2014 with an auction result of USD 84,165,000.00 (€ 61,704,545.45).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Note IV, from Notes (S. 25) von Barnett Newman im April letzten Jahres bei Phillips in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 9.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 27.720,00 (€ 26.307,30) mehr als dreimal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Barnett Newman erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Black Fire I im Mai 2014 mit einem Auktionsergebnis von USD 84.165.000,00 (€ 61.704.545,45).

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