Irene Rice Pereira
Ascending Light
Estimate: 6.000 - 8.000 USD
Price realised: 5.000 USD
Price realised: 5.000 USD
Description
Honorable C. Douglas Dillon Collection
IRENE RICE PEREIRA
1907 - 1971
ASCENDING LIGHT
signed I.RICE PEREIRA (lower right) and titled Ascending Light (on the stretcher)
oil on canvas
50 by 36 inches
(127 by 91.4 cm)
LeMonde Gallery, New York | Sold: Parke-Bernet Galleries, New York, May 13, 1964. lot 85 | Private collection (acquired at the above sale; sold: Parke-Bernet Galleries, New York, May 14, 1970, lot 38) | Acquired by the present owner at the above sale
IRENE RICE PEREIRA
1907 - 1971
ASCENDING LIGHT
signed I.RICE PEREIRA (lower right) and titled Ascending Light (on the stretcher)
oil on canvas
50 by 36 inches
(127 by 91.4 cm)
LeMonde Gallery, New York | Sold: Parke-Bernet Galleries, New York, May 13, 1964. lot 85 | Private collection (acquired at the above sale; sold: Parke-Bernet Galleries, New York, May 14, 1970, lot 38) | Acquired by the present owner at the above sale
Auction result misses estimated price range
When the work Ascending Light by Irene Rice Pereira was auctioned at Sothebys in New York in September 2019, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 6,000.00 – 8,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 5,000.00 (€ 4,585.05). Of course, this price has nothing to do with the top prices that other works by Irene Rice Pereira achieve. The highest price we have observed so far was reached by the work Untitled (Generator) in May last year with an auction result of USD 60,480.00 (€ 56,360.08).
Auktionsergebnis verfehlt die Schätzpreisspanne
Als die Arbeit Ascending Light von Irene Rice Pereira im September 2019 bei Sothebys in New York versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 6.000,00 – 8.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 5.000,00 (€ 4.585,05) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Irene Rice Pereira erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Untitled (Generator) im Mai letzten Jahres mit einem Auktionsergebnis von USD 60.480,00 (€ 56.360,08).
Irene Rice Pereira - Auction history
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