Luis Martínez-Pedro

Untitled (De La Serie Aguas Territoriales)

Found at Sothebys, New York
Latin America: Contemporary Art Evening Sale, Lot 31
25. May - 25. May 2017
Estimate: 20.000 - 30.000 USD
Price realised: 17.500 USD
Luis Martínez-Pedro (1910-1990)
UNTITLED (DE LA SERIE AGUAS TERRITORIALES)
signed and dated LA HABANA 1963 on the reverse 
oil on canvas
12 by 24 1/8 in.
31 by 61 cm
Latin Art Core, Miami | Acquired from the above by the present owner

Auction result misses estimated price range

When the work Untitled (De La Serie Aguas Territoriales) by Luis Martínez-Pedro was auctioned at Sothebys in New York in May 2017, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 20,000.00 – 30,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 17,500.00 (€ 15,574.94). However, buyers have had to dig much deeper into their pockets for other works by Luis Martínez-Pedro - we have observed the highest auction result to date for the work Composition No. 16, which sold at auction in November 2016 for USD 43,750.00 (€ 41,359.43).

Auktionsergebnis verfehlt die Schätzpreisspanne

Als die Arbeit Untitled (De La Serie Aguas Territoriales) von Luis Martínez-Pedro im Mai 2017 bei Sothebys in New York versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 20.000,00 – 30.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 17.500,00 (€ 15.574,94) den Besitzer. Für andere Arbeiten von Luis Martínez-Pedro mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Composition No. 16 beobachtet, die im November 2016 für USD 43.750,00 (€ 41.359,43) versteigert wurde.

Other artists in this auction

Antônio Dias - The Illustration Of Art
Antônio Dias
Auction: 25. May - 25. May 2017
Title: The Illustration Of Art
Price: 137.500 USD
Found at Sothebys
27 auction results
Luis Tomasello - Objet Plastique No. 727
Luis Tomasello
Auction: 25. May - 25. May 2017
Title: Objet Plastique No. 727
Price: 106.250 USD
Found at Sothebys
104 auction results
Jesús Rafael Soto - Tes Escarlatas
Jesús Rafael Soto
Auction: 25. May - 25. May 2017
Title: Tes Escarlatas
Price: 396.500 USD
Found at Sothebys
571 auction results
Joaquín Torres-García - Sin Título
Joaquín Torres-García
Auction: 25. May - 25. May 2017
Title: Sin Título
Price: 324.500 USD
Found at Sothebys
241 auction results
Oswaldo Vigas - Objeto Blanco
Oswaldo Vigas
Auction: 25. May - 25. May 2017
Title: Objeto Blanco
Price: 137.500 USD
Found at Sothebys
59 auction results
Salvador Corratgé - Blue & Black
Salvador Corratgé
Auction: 25. May - 25. May 2017
Title: Blue & Black
Price: 25.000 USD
Found at Sothebys
34 auction results
José María Mijares - Untitled
José María Mijares
Auction: 25. May - 25. May 2017
Title: Untitled
Price: 52.500 USD
Found at Sothebys
35 auction results
Sandú Darié - Untitled
Sandú Darié
Auction: 25. May - 25. May 2017
Title: Untitled
Price: 100.000 USD
Found at Sothebys
81 auction results
Pedro de Oraá - Untitled (Formas En Apoyo)
Pedro de Oraá
Auction: 25. May - 25. May 2017
Title: Untitled (Formas En Apoyo)
Price: 40.000 USD
Found at Sothebys
17 auction results
Antonio Seguí - Textura De Nuestro Lado
Antonio Seguí
Auction: 25. May - 25. May 2017
Title: Textura De Nuestro Lado
Price: 100.000 USD
Found at Sothebys
281 auction results
Roberto Burle-Marx - Abstract
Roberto Burle-Marx
Auction: 25. May - 25. May 2017
Title: Abstract
Price: 50.000 USD
Found at Sothebys
28 auction results
Fernando de Szyszlo - Trashumantes 
Fernando de Szyszlo
Auction: 25. May - 25. May 2017
Title: Trashumantes 
Price: 62.500 USD
Found at Sothebys
122 auction results
Pedro Coronel - Sin Título
Pedro Coronel
Auction: 25. May - 25. May 2017
Title: Sin Título
Price: 125.000 USD
Found at Sothebys
74 auction results
Almir Mavignier - Durchdringung Orange Auf Orange (Interpenetração Laranja Em Laranja) 
Almir Mavignier
Auction: 25. May - 25. May 2017
Title: Durchdringung Orange Auf Orange (Interpenetração Laranja Em Laranja) 
Price: 43.750 USD
Found at Sothebys
61 auction results
Carlos Amorales - The Horny Ghost
Carlos Amorales
Auction: 25. May - 25. May 2017
Title: The Horny Ghost
Price: 52.500 USD
Found at Sothebys
26 auction results
Gego - Dibujo Sin Papel 87/27
Gego
Auction: 25. May - 25. May 2017
Title: Dibujo Sin Papel 87/27
Price: 40.000 USD
Found at Sothebys
57 auction results
Carlos Cruz-Diez - Physichromie 2110
Carlos Cruz-Diez
Auction: 25. May - 25. May 2017
Title: Physichromie 2110
Price: 143.750 USD
Found at Sothebys
351 auction results
Mercedes Pardo - Composición
Mercedes Pardo
Auction: 25. May - 25. May 2017
Title: Composición
Price: 87.500 USD
Found at Sothebys
14 auction results
Gonzalo Fonseca - Madre Cava 
Gonzalo Fonseca
Auction: 25. May - 25. May 2017
Title: Madre Cava 
Price: 468.500 USD
Found at Sothebys
29 auction results
Olga de Amaral - Policromo Vii
Olga de Amaral
Auction: 25. May - 25. May 2017
Title: Policromo Vii
Price: 68.750 USD
Found at Sothebys
65 auction results