John R. Grabach

Alley Friends (Old Newark)

Found at Christies, New York
American Art, Lot 2
22.Mai - 22.Mai.2018
Estimate: 12.000 - 18.000 USD
Price realised: 23.750 USD
signed 'John R Grabach/NA' (lower left)
oil on canvas
42 x 48 in. (106.7 x 121.9 cm.)
Painted circa 1930.
Corporate collection, Houston, Texas. | Acquired by the present owner from the above.

Upper estimate price exceeded by 32 %.

The work Alley Friends (Old Newark) by John R. Grabach was sold in the American Art auction at Christies in New York in May 2018. The »bidding war« ended at USD 23,750.00 (€ 20,351.33), 32% above the upper estimate. However, buyers have had to dig much deeper into their pockets for other works by John R. Grabach - we have observed the highest auction result to date for the work Pennsylvania, which sold at auction in May this year for USD 57,600.00 (€ 54,064.20).

Oberer Schätzpreis um 32 % übertroffen

Die Arbeit Alley Friends (Old Newark) von John R. Grabach wurde im Mai 2018 in der Auktion American Art bei Christies in New York versteigert. Das »Bietergefecht« endete beim Preis von USD 23.750,00 (€ 20.351,33) und damit 32% über dem oberen Schätzpreis. Für andere Arbeiten von John R. Grabach mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Pennsylvania beobachtet, die im Mai diesen Jahres für USD 57.600,00 (€ 54.064,20) versteigert wurde.

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