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George Benjamin Luks - Upper Manhattan

George Benjamin Luks

Upper Manhattan

Found at Sothebys, New York
American Art, Lot 30
6. Mar - 6. Mar 2019
Estimate: XX.XXX
Price realised: XX.XXX
George Benjamin Luks
1867 - 1933
UPPER MANHATTAN
signed George Luks (lower left)
oil on canvas
16 by 20 1/4 inches
(40.6 by 51.4 cm)
Painted circa 1915. 
Private collection (acquired directly from the artist) | Sold: Sotheby's, New York, April 17, 1975, lot 85 | Private collection, Southwest (acquired from the above sale, sold: Sotheby's, New York, April 20, 1979, lot 106) | Private collection (acquired at the above sale) | [with]Beacon Hill Fine Art, New York | Acquired by the present owner from the above

Auction result misses estimated price range

In March 2019 a collector was able to acquire the work Upper Manhattan by George Benjamin Luks for USD 50,000.00 (€ 44,531.53). This price was achieved in the auction American Art at Sothebys in New York and was even below the estimate range of USD 60,000.00 – 80,000.00 set by the auction house. Of course, this price has nothing to do with the top prices that other works by George Benjamin Luks achieve. The highest price we have observed so far was reached by the work Lily Williams in May 2010 with an auction result of USD 1,874,500.00 (€ 1,515,482.25).

Auktionsergebnis verfehlt die Schätzpreisspanne

Im März 2019 konnte ein Sammler die Arbeit Upper Manhattan von George Benjamin Luks für USD 50.000,00 (€ 44.531,53) erwerben. Dieser Preis wurde in der Auktion American Art bei Sothebys in New York erzielt und lag noch unterhalb der von dem Auktionshaus angesetzten Schätzpreisspanne von USD 60.000,00 – 80.000,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von George Benjamin Luks erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Lily Williams im Mai 2010 mit einem Auktionsergebnis von USD 1.874.500,00 (€ 1.515.482,25).

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