Luis MartíNez-Pedro

Sin TíTulo

Found at Sothebys, New York
Impressionist & Modern Art, Lot 51
5. Oct - 5. Oct 2020
Estimate: 5.000 - 7.000 USD
Price realised: 4.032 USD
MODERNITY IN THE TROPICS: IMPORTANT WORKS ON PAPER FROM THE COLLECTION OF WALLACE CAMPBELL
LUIS MARTÍNEZ-PEDRO
1910 - 1990
SIN TÍTULO
Signed Luis Martinez Pedro (lower left); indistinctly inscribed (on the verso)
Pencil on paper
11 3⁄4 by 8 1⁄4 in. (29.8 by 21 cm)
Framed: 17 1⁄2 by 14 3⁄4 in. (44.5 by 37.5 cm)
Executed circa 1937. We wish to thank Dr. Ramón Vázquez of the Fundación Arte Cubano for his kind assistance in confirming the authenticity of this work.
Galeria La Acacia, Havana | Acquired from the above

Auction result misses estimated price range

In October 2020 a collector was able to acquire the work Sin TíTulo by Luis Martínez-Pedro for USD 4,032.00 (€ 3,461.84). This price was achieved in the auction Impressionist & Modern Art at Sothebys in New York and was even below the estimate range of USD 5,000.00 – 7,000.00 set by the auction house. 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).

Auktionsergebnis verfehlt die Schätzpreisspanne

Im Oktober 2020 konnte ein Sammler die Arbeit Sin TíTulo von Luis Martínez-Pedro für USD 4.032,00 (€ 3.461,84) erwerben. Dieser Preis wurde in der Auktion Impressionist & Modern Art bei Sothebys in New York erzielt und lag noch unterhalb der von dem Auktionshaus angesetzten Schätzpreisspanne von USD 5.000,00 – 7.000,00. 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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