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Frederick Hammersley - I pay cash, #5 1985

Frederick Hammersley

I pay cash, #5 1985

Found at Christies, New York (Online Auction)
First Open, Lot 76
04.Aug - 18.Aug.2020
Estimate: XX.XXX
Price realised: XX.XXX
incised with the artist's signature and date 'F Hammersley 1985' (above center)
oil on panel, in artist's painted frame
9 1⁄2 x 12 1⁄2 in. (24.1 x 31.8 cm.)
Executed in 1985.
Modernism Inc., San Francisco | Acquired from the above by the present owner, 1987

Upper estimate price exceeded by 75 %.

This artwork by Frederick Hammersley achieved an unexpectedly high price at Christies in New York in August 2020. In the First Open auction, the work I pay cash, #5 1985 sold for USD 35,000.00 (€ 29,323.06) - well above the upper estimate of USD 20,000.00. However, buyers have had to dig much deeper into their pockets for other works by Frederick Hammersley - we have observed the highest auction result to date for the work Ego I Go, #15 1975, which sold at auction in September last year for USD 65,895.00 (€ 67,356.64).

Oberer Schätzpreis um 75 % übertroffen

Dieses Kunstwerk von Frederick Hammersley erzielte im August 2020 bei Christies in New York einen unerwartet hohen Preis. In der Auktion First Open wurde die Arbeit I pay cash, #5 1985 für USD 35.000,00 (€ 29.323,06) versteigert – und damit weit über dem oberen Schätzpreis von USD 20.000,00. Für andere Arbeiten von Frederick Hammersley mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Ego I Go, #15 1975 beobachtet, die im September letzten Jahres für USD 65.895,00 (€ 67.356,64) versteigert wurde.

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