Louis Hubbard Grimshaw

The Royal Exchange, London

Found at Christies, New York
19th Century European Art, Lot 48
28. Apr - 28. Apr 2014
Estimate: 80.000 - 120.000 USD
Price realised: 87.500 USD
Louis Hubbard Grimshaw (British, 1870-1943)
The Royal Exchange, London
signed 'Louis Grimshaw' (lower left); inscribed, signed and dated 'The Royal Exchange. Louis Grimshaw 1903' (on the reverse)
oil on board
12 x 18 in. (30.5 x 45.8 cm.)

Auction result well in line with expectations

In April 2014 Christies in New York held the auction 19th Century European Art, which included the work The Royal Exchange, London by Louis Grimshaw. The estimated price for the artwork was previously given by the auction house with a range of USD 80,000.00 – 120,000.00, the actual price achieved of USD 87,500.00 (€ 63,085.80) could thus just exceed the lower estimate. Other works by Louis Grimshaw have already achieved higher auction prices, for example, in June 2004 the work The Royal Mile, Edinburgh: the approach to Holyrood Palace was auctioned for GBP 60,945.00 (€ 90,704.41).

Auktionsergebnis im Rahmen der Erwartungen

Im April 2014 führte Christies in New York die Auktion 19th Century European Art durch, in der auch die Arbeit The Royal Exchange, London von Louis Grimshaw zur Versteigerung kam. Der Schätzpreis für das Kunstwerk wurde von dem Auktionshaus zuvor mit einer Spanne von USD 80.000,00 – 120.000,00 angegeben, der tatsächlich erzielte Preis von USD 87.500,00 (€ 63.085,80) konnte den unteren Schätzpreis somit knapp übertreffen. Andere Arbeiten von Louis Grimshaw konnten bereits höhere Auktionspreise erzielen, so wurde im Juni 2004 die Arbeit The Royal Mile, Edinburgh: the approach to Holyrood Palace für GBP 60.945,00 (€ 90.704,41) versteigert.

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