Luis Ortiz

City series IV

Found at Christies, New York (Online Auction)
Inside Job: Christie's Staff Art Show, Lot 11
25.Jul - 05.Aug.2019
Estimate: 1.000 - 1.500 USD
Price realised: 1.250 USD
acrylic and oil on wood
60 x 48 in. (152.4 x 121.9 cm.)

Auction result well in line with expectations

In August 2019 Christies in New York held the auction Inside Job: Christie's Staff Art Show, which included the work City series IV by Luis Ortiz. The price achieved of USD 1,250.00 (€ 1,137.50) was within expectations - the estimate range had previously been set by the auction house as USD 1,000.00 – 1,500.00. However, buyers have had to dig much deeper into their pockets for other works by Luis Ortiz - we have observed the highest auction result to date for the work Blue York, which sold at auction in July 2017 for USD 2,750.00 (€ 2,325.38).

Auktionsergebnis im Rahmen der Erwartungen

Im August 2019 führte Christies in New York die Auktion Inside Job: Christie's Staff Art Show durch, in der auch die Arbeit City series IV von Luis Ortiz zur Versteigerung kam. Der dabei erzielte Preis von USD 1.250,00 (€ 1.137,50) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit USD 1.000,00 – 1.500,00 angegeben worden. Für andere Arbeiten von Luis Ortiz mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Blue York beobachtet, die im Juli 2017 für USD 2.750,00 (€ 2.325,38) versteigert wurde.

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