Giuseppe Gallo

Untitled (LAL 87.1)

Found at Bonhams
Post-War & Contemporary Art Online, Lot 63
30. JAN - 9. FEB 2023
Estimate: 1.500 - 2.000 USD
Price realised: 6.375 USD
GIUSEPPE GALLO (B. 1954)
Untitled (LAL 87.1)
1987
signed, dated 1987 and inscribed ROMA on the reverse
encaustic on wood
43 1/4 by 13 1/4 in.
109.9 by 33.7 cm.
L.A. Louver, Los Angeles | Private Collection (acquired from the above, July 1987) | Thence by descent to the present owner

Artwork auctioned at three times the upper estimate price

When the work Untitled (LAL 87.1) by Giuseppe Gallo was auctioned at Bonhams in February this year, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 2,000.00 but the actual price achieved was more than three times as high at USD 6,375.00 (€ 6,013.02). Of course, this price has nothing to do with the top prices that other works by Giuseppe Gallo achieve. The highest price we have observed so far was reached by the work without title in November 2016 with an auction result of USD 367,500.00 (€ 347,419.17).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Untitled (LAL 87.1) von Giuseppe Gallo im Februar diesen Jahres bei Bonhams versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 2.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 6.375,00 (€ 6.013,02) mehr als dreimal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Giuseppe Gallo erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit ohne Titel im November 2016 mit einem Auktionsergebnis von USD 367.500,00 (€ 347.419,17).

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