David Hammons

African American Flag

Found at Phillips, New York Auction
Under the Influence, Lot 130
7. Mar - 7. Mar 2014
Estimate: 6.000 - 8.000 USD
Price realised: 16.250 USD
1989
printed fabric with painted wood pole
flag 8 x 12 in. (20.3 x 30.5 cm.)
pole 19 5/8 in. (49.8 cm)
Signed "Hammons" lower left. This work is from an edition of 100.
Acquired directly from the artist by the present owner

Upper estimate price exceeded by more than 100%

This artwork by David Hammons achieved an unexpectedly high price at Phillips in New York in March 2014. In the Under the Influence auction, the work African American Flag sold for USD 16,250.00 (€ 11,795.02) - well above the upper estimate of USD 8,000.00. Of course, this price has nothing to do with the top prices that other works by David Hammons achieve. The highest price we have observed so far was reached by the work without title in November 2013 with an auction result of USD 8,005,000.00 (€ 5,883,433.78).

Oberer Schätzpreis um mehr als 100% übertroffen

Dieses Kunstwerk von David Hammons erzielte im März 2014 bei Phillips in New York einen unerwartet hohen Preis. In der Auktion Under the Influence wurde die Arbeit African American Flag für USD 16.250,00 (€ 11.795,02) versteigert – und damit weit über dem oberen Schätzpreis von USD 8.000,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von David Hammons erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit ohne Titel im November 2013 mit einem Auktionsergebnis von USD 8.005.000,00 (€ 5.883.433,78).

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