Hugo Demarco - Relief-Transformable Nº 48

Hugo Demarco

Relief-Transformable Nº 48

Found at Sothebys, New York
Latin American Art, Lot 90
20. Nov - 20. Nov 2012
Estimate: XX.XXX
Price realised: XX.XXX
Hugo Demarco(1932-1995)
RELIEF-TRANSFORMABLE Nº 48
signed, titled and dated Paris, 1964 on the reverse
painted wood, aluminum and motor
9 by 9 by 4 1/2 in.
22.9 by 22.9 by 11.4 cm
Galerie Denise René, Paris | Private Collection, Zurich

Auction result misses estimated price range

This work of art by Hugo Demarco could be acquired at Sothebys in New York in November 2012 for an unexpectedly low price. In the Latin American Art auction, the work Relief-Transformable Nº 48 changed hands for USD 8,125.00 (€ 6,245.20) - missing the lower end of the estimate range of USD 10,000.00 – 15,000.00. Admittedly, works by Hugo Demarco have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Relief À Deplacement Continuelle in May 2008 with an auction result of USD 67,000.00 (€ 43,059.13).

Auktionsergebnis verfehlt die Schätzpreisspanne

Dieses Kunstwerk von Hugo Demarco konnte im November 2012 bei Sothebys in New York für einen unerwartet niedrigen Preis ersteigert werden. In der Auktion Latin American Art wechselte die Arbeit Relief-Transformable Nº 48 für USD 8.125,00 (€ 6.245,20) den Besitzer – und verfehlte damit das untere Ende der Schätzpreisspanne von USD 10.000,00 – 15.000,00. Freilich wurden Arbeiten von Hugo Demarco auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Relief À Deplacement Continuelle im Mai 2008 mit einem Auktionsergebnis von USD 67.000,00 (€ 43.059,13).

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