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David Reed - #516; Working Drawing for #516

David Reed

#516; Working Drawing for #516

Found at Christies, New York (Online Auction)
Property from the Collection of Harry W. and Mary Margaret Anderson Online, Lot 505
06.Dez - 13.Dez.2018
Estimate: XX.XXX
Price realised: XX.XXX
#516
signed, titled and dated 'DAVID REED 516 2001-2004' (on the reverse)
oil and alkyd on panel mounted on linen
120 ¼ x 48 ¼ in. (305.4 x 122.6 cm.)
Painted in 2001-2004.
Working Drawing for #516
graphite, alkyd and acrylic on graphing paper
17 x 11 in. (43.2 x 27.9 cm.)
Max Protetch Gallery, New York | Acquired from the above by the present owner, 2005

Upper estimate price exceeded by 58 %.

The work #516; Working Drawing for #516 by David Reed was sold in the Property from the Collection of Harry W. and Mary Margaret Anderson Online auction at Christies in New York in December 2018. The »bidding war« ended at USD 47,500.00 (€ 41,462.99), 58% above the upper estimate. Despite this good result, it is not the highest hammer price for an artwork by David Reed; that achieved among the auctions we observed the lot #439 sold at auction in March this year with the realized price of GBP 67,310.00 (€ 76,578.13).

Oberer Schätzpreis um 58 % übertroffen

Die Arbeit #516; Working Drawing for #516 von David Reed wurde im Dezember 2018 in der Auktion Property from the Collection of Harry W. and Mary Margaret Anderson Online bei Christies in New York versteigert. Das »Bietergefecht« endete beim Preis von USD 47.500,00 (€ 41.462,99) und damit 58% über dem oberen Schätzpreis. Trotz des guten Ergebnisses ist dies nicht der höchste Zuschlag für ein Kunstwerk von David Reed; den erzielte unter den von uns beobachteten Auktionen die Arbeit #439 im März diesen Jahres mit dem Hammerpreis von GBP 67.310,00 (€ 76.578,13).

David Reed - Auction history

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