- Art.Salon
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- Joseph Raffael
- Luxembourg Gardens, Anniversary
Joseph Raffael
Luxembourg Gardens, Anniversary
Found at
Sothebys,
New York
Contemporary Art Day Auction, Lot 183
17. May - 17. May 2019
Contemporary Art Day Auction, Lot 183
17. May - 17. May 2019
Estimate: XX.XXX
Price realised: XX.XXX
Price realised: XX.XXX
Description
Joseph Raffael
B. 1933
LUXEMBOURG GARDENS, ANNIVERSARY
signed and dated 82; titled on the reverse
watercolor and graphite on paper
42 by 51 1/2 in. 106.7 by 130.8 cm.
Nancy Hoffman Gallery, New York | Acquired from the above by the present owner in October 1982
B. 1933
LUXEMBOURG GARDENS, ANNIVERSARY
signed and dated 82; titled on the reverse
watercolor and graphite on paper
42 by 51 1/2 in. 106.7 by 130.8 cm.
Nancy Hoffman Gallery, New York | Acquired from the above by the present owner in October 1982
Artwork auctioned at three times the upper estimate price
When the work Luxembourg Gardens, Anniversary by Joseph Raffael was auctioned at Sothebys in New York in May 2019, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 5,000.00 but the actual price achieved was more than three times as high at USD 15,000.00 (€ 13,454.12). However, buyers have had to dig much deeper into their pockets for other works by Joseph Raffael - we have observed the highest auction result to date for the work Lily Shadow and Reflection, which sold at auction in July 2016 for USD 32,500.00 (€ 29,101.00).
Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert
Als die Arbeit Luxembourg Gardens, Anniversary von Joseph Raffael im Mai 2019 bei Sothebys in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 5.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 15.000,00 (€ 13.454,12) mehr als dreimal so hoch. Für andere Arbeiten von Joseph Raffael mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Lily Shadow and Reflection beobachtet, die im Juli 2016 für USD 32.500,00 (€ 29.101,00) versteigert wurde.
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