Hedda Sterne
Vertical Horizontal No. 15
Found at
Sothebys,
New York
Expansive Color: American Post Painterly Abstraction, Lot 301
24. Sep - 1. Oct 2021
Expansive Color: American Post Painterly Abstraction, Lot 301
24. Sep - 1. Oct 2021
Estimate: 50.000 - 70.000 USD
Price realised: 214.200 USD
Price realised: 214.200 USD
Description
Hedda Sterne
1910 – 2011
Vertical Horizontal No. 15
signed
oil on canvas
33¼ by 25 in. 84.5 by 63.5 cm.
framed: 33¾ by 25½ in. 85.7 by 64.8 cm.
Executed in 1962.
Betty Parsons Gallery, New York | Albright Knox Art Gallery, The Member’s Gallery, New York | Private Collection (acquire from the above in 1967) | CDS Gallery, New York | Private Collection (acquired from the above in March 1984) | Acquired from the above by the present owner
1910 – 2011
Vertical Horizontal No. 15
signed
oil on canvas
33¼ by 25 in. 84.5 by 63.5 cm.
framed: 33¾ by 25½ in. 85.7 by 64.8 cm.
Executed in 1962.
Betty Parsons Gallery, New York | Albright Knox Art Gallery, The Member’s Gallery, New York | Private Collection (acquire from the above in 1967) | CDS Gallery, New York | Private Collection (acquired from the above in March 1984) | Acquired from the above by the present owner
Artwork auctioned at three times the upper estimate price
When the work Vertical Horizontal No. 15 by Hedda Sterne was auctioned at Sothebys in New York in October 2021, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 70,000.00 but the actual price achieved was more than three times as high at USD 214,200.00 (€ 185,422.44). However, buyers have had to dig much deeper into their pockets for other works by Hedda Sterne - we have observed the highest auction result to date for the work New York VIII, which sold at auction in May last year for USD 504,000.00 (€ 469,667.32).
Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert
Als die Arbeit Vertical Horizontal No. 15 von Hedda Sterne im Oktober 2021 bei Sothebys in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 70.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 214.200,00 (€ 185.422,44) mehr als dreimal so hoch. Für andere Arbeiten von Hedda Sterne mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit New York VIII beobachtet, die im Mai letzten Jahres für USD 504.000,00 (€ 469.667,32) versteigert wurde.
Hedda Sterne - Auction history
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