Luis Martínez-Pedro

Composition No. 16

Found at Sothebys, New York
Latin America: Modern Art | Latin America: Contemporary Art, Lot 27
23. Nov - 23. Nov 2016
Estimate: 35.000 - 45.000 USD
Price realised: 43.750 USD
Luis Martínez-Pedro (1910-1990)
COMPOSITION NO. 16
signed and dated 59 lower left; also signed, dated and inscribed HABANA on the reverse
oil on canvas
58 by 38 in.
147 by 97 cm
Collection of Peg Bradley, Milwaukee | Bradley Family Foundation, Milwaukee | Sale: Leslie Hindman Auctioneers, Chicago, Modern and Contemporary Art, May 15, 2011, lot 75, illustrated in color  | Private Collection, Key Biscayne

A top price for Luis Martínez-Pedro - as previously expected

In November 2016 Sothebys in New York held the auction Latin America: Modern Art | Latin America: Contemporary Art, which included the work Composition No. 16 by Luis Martínez-Pedro. It changed hands for a price of USD 43,750.00 (€ 41,359.43) achieving a result in the upper range of the estimate price range of USD 35,000.00 – 45,000.00. Even if this result could not surprise positively, Composition No. 16 is the most expensive artwork by Luis Martínez-Pedro that we have observed at auctions so far.

Ein Spitzenpreis mit Ansage

Im November 2016 führte Sothebys in New York die Auktion Latin America: Modern Art | Latin America: Contemporary Art durch, in der auch die Arbeit Composition No. 16 von Luis Martínez-Pedro zur Versteigerung kam. Dabei wechselte sie für einen Preis von USD 43.750,00 (€ 41.359,43) den Besitzer und erzielte damit ein Ergebnis im oberen Bereich der Schätzpreisspanne von USD 35.000,00 – 45.000,00. Auch wenn das Ergebnis damit nicht positiv überraschen konnte, ist Composition No. 16 das teuerste Kunstwerk von Luis Martínez-Pedro, das wir bisher bei Auktionen beobachtet haben.

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