Josef Ongenae

Composition In Red And Black

Found at Sothebys, Amsterdam
Modern & Contemporary Art, Lot 84
17. May - 17. May 2011
Estimate: 5.000 - 7.000 EUR
Price realised: 15.000 EUR
Josef Ongenae
1921 - 1993
COMPOSITION IN RED AND BLACK
Signed and dated 1954 on the reverse
oil on board
83 by 83 cm.
Sale: Sotheby's, Amsterdam, Modern & Contemporary Art, 1 December 1997, lot 636 | Private Collection, Switzerland | Acquired from the above by the present owner

Upper estimate price exceeded by more than 100%

This artwork by Josef Ongenae achieved an unexpectedly high price at Sothebys in Amsterdam in May 2011. In the Modern & Contemporary Art auction, the work Composition In Red And Black sold for EUR 15,000.00 - well above the upper estimate of EUR 7,000.00. Despite this good result, it is not the highest hammer price for an artwork by Josef Ongenae; that achieved among the auctions we observed the lot Belgian Composition Périphérique sold at auction in March 2010 with the realized price of EUR 17,500.00.

Oberer Schätzpreis um mehr als 100% übertroffen

Dieses Kunstwerk von Josef Ongenae erzielte im Mai 2011 bei Sothebys in Amsterdam einen unerwartet hohen Preis. In der Auktion Modern & Contemporary Art wurde die Arbeit Composition In Red And Black für EUR 15.000,00 versteigert – und damit weit über dem oberen Schätzpreis von EUR 7.000,00. Trotz des guten Ergebnisses ist dies nicht der höchste Zuschlag für ein Kunstwerk von Josef Ongenae; den erzielte unter den von uns beobachteten Auktionen die Arbeit Belgian Composition Périphérique im März 2010 mit dem Hammerpreis von EUR 17.500,00.

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