Fereydoun Hoveyda

Movements I

Found at Bonhams, London (Online Auction)
Middle Eastern Art Online Sale, Lot 48
18. Feb - 9. Mar 2021
Estimate: 3.000 - 5.000 GBP
Price realised: 2.805 GBP
Fereydoun Hoveyda (Iran, 1924-2006)
Movements I
mixed media on paper arranged on board, framed
executed circa 1977, Bodley gallery label on the verso
100 x 133cm (39 3/8 x 52 3/8in).
Property from the estate of a distinguished Iranian academic, California

Auction result misses estimated price range

When the work Movements I by Fereydoun Hoveyda was auctioned at Bonhams in London in March 2021, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of GBP 3,000.00 – 5,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for GBP 2,805.00 (€ 3,295.15). Other works by Fereydoun Hoveyda have also sold for higher prices; the highest price we have seen at auction so far was achieved in November 2020 by the work Calligraphic Ballet at GBP 4,462.50 (€ 4,981.66).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als die Arbeit Movements I von Fereydoun Hoveyda im März 2021 bei Bonhams in London versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von GBP 3.000,00 – 5.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für GBP 2.805,00 (€ 3.295,15) den Besitzer. Andere Arbeiten von Fereydoun Hoveyda wurden auch schon teurer gehandelt; den höchsten Preis, den wir bisher bei Auktionen beobachten konnten, erzielte im November 2020 die Arbeit Calligraphic Ballet mit GBP 4.462,50 (€ 4.981,66).

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