Luis MartíNez-Pedro

Diablitos Haciendo MúSica

Found at Sothebys, New York
Impressionist & Modern Art, Lot 48
5. Oct - 5. Oct 2020
Estimate: 800 - 900 USD
Price realised: 1.764 USD
MODERNITY IN THE TROPICS: IMPORTANT WORKS ON PAPER FROM THE COLLECTION OF WALLACE CAMPBELL
LUIS MARTÍNEZ-PEDRO
1910 - 1990
DIABLITOS HACIENDO MÚSICA
Signed Martinez Pedro and dated 48-Enero-49 (lower right); dated Habana Enero 1949-Nov 1948 and titled (on the verso)
Pencil, chalk and brush and ink on card
8 3⁄4 by 5 3⁄4 in. (22.2 by 14.6 cm)
Framed: 18 1⁄2 by 15 1⁄4 in. (47 by 38.7 cm)
Executed in Havana between 1948 - January, 1949. We wish to thank Dr. Ramón Vázquez of the Fundación Arte Cubano for his kind assistance in confirming the authenticity of this work.
Joseph Cantor, Indiana (acquired from the artist and sold: Sotheby's, New York, May 28, 1984, lot 218) | Acquired at the above sale

Upper estimate price exceeded by 96 %.

This artwork by Luis Martínez-Pedro achieved an unexpectedly high price at Sothebys in New York in October 2020. In the Impressionist & Modern Art auction, the work Diablitos Haciendo MúSica sold for USD 1,764.00 (€ 1,514.55) - well above the upper estimate of USD 900.00. Of course, this price has nothing to do with the top prices that other works by Luis Martínez-Pedro achieve. The highest price we have observed so far was reached by the work Composition No. 16 in November 2016 with an auction result of USD 43,750.00 (€ 41,359.43).

Oberer Schätzpreis um 96 % übertroffen

Dieses Kunstwerk von Luis Martínez-Pedro erzielte im Oktober 2020 bei Sothebys in New York einen unerwartet hohen Preis. In der Auktion Impressionist & Modern Art wurde die Arbeit Diablitos Haciendo MúSica für USD 1.764,00 (€ 1.514,55) versteigert – und damit weit über dem oberen Schätzpreis von USD 900,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Luis Martínez-Pedro erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Composition No. 16 im November 2016 mit einem Auktionsergebnis von USD 43.750,00 (€ 41.359,43).

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