John R. Grabach

The Balcony

Found at Christies, New York
Fine American Paintings, Drawings and Sculpture, Lot 64
11. Mar - 11. Mar 2004
Estimate: 5.000 - 7.000 USD
Price realised: 23.900 USD
John R. Grabach (1886-1981)
The Balcony
signed 'John R. Grabach' (lower left)
oil on canvas laid down on panel
12 x 16 in. (30.5 x 40.6 cm.)

Artwork auctioned at three times the upper estimate price

When the work The Balcony by John R. Grabach was auctioned at Christies in New York in March 2004, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 7,000.00 but the actual price achieved was more than three times as high at USD 23,900.00 (€ 19,443.54). 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).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit The Balcony von John R. Grabach im März 2004 bei Christies in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 7.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 23.900,00 (€ 19.443,54) mehr als dreimal so hoch. 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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