Miguel Covarrubias
El hueso
Estimate: 50.000 - 70.000 USD
Price realised: 756.000 USD
Price realised: 756.000 USD
Description
The Vanguard Spirit: Modern and Surrealist Masterworks From an Important Estate
Miguel Covarrubias
1904 - 1957
El hueso
signed Covarrubias (lower right)
casein on paper
14 by 10 in.
35.6 by 26 cm.
Executed circa 1940.
Fred Davis, Mexico City | Galería de Arte Mexicano, Mexico City | Stanley Marcus, Dallas (acquired from the above in 1951) | Sotheby's New York, 19 November 2002, lot 1 (consigned by the estate of the above) | Acquired from the above by the present owner
Miguel Covarrubias
1904 - 1957
El hueso
signed Covarrubias (lower right)
casein on paper
14 by 10 in.
35.6 by 26 cm.
Executed circa 1940.
Fred Davis, Mexico City | Galería de Arte Mexicano, Mexico City | Stanley Marcus, Dallas (acquired from the above in 1951) | Sotheby's New York, 19 November 2002, lot 1 (consigned by the estate of the above) | Acquired from the above by the present owner
Artwork auctioned at ten times the upper estimate price
When the work El hueso by Miguel Covarrubias was auctioned at Sothebys in New York in May last year, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 70,000.00 but the actual price achieved was more than ten times as high at USD 756,000.00 (€ 704,500.98). Despite this good result, it is not the highest hammer price for an artwork by Miguel Covarrubias; that achieved among the auctions we observed the lot In Preparation Of A Balinese Ceremony sold at auction in October 2014 with the realized price of HKD 8,440,000.00 (€ 868,922.59).
Kunstwerk zum Zehnfachen des oberen Schätzpreises versteigert
Als die Arbeit El hueso von Miguel Covarrubias im Mai letzten Jahres bei Sothebys in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 70.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 756.000,00 (€ 704.500,98) mehr als zehnmal so hoch. Trotz des guten Ergebnisses ist dies nicht der höchste Zuschlag für ein Kunstwerk von Miguel Covarrubias; den erzielte unter den von uns beobachteten Auktionen die Arbeit In Preparation Of A Balinese Ceremony im Oktober 2014 mit dem Hammerpreis von HKD 8.440.000,00 (€ 868.922,59).
Miguel Covarrubias - Auction history
Other artists in this auction
![Hans Hofmann - The Hand (Red Painting) [The Blue Hand]](/images/hans-hofmann_the-hand-red-painting-the-blue-hand_AID711361_320x320.jpg)
![Willem de Kooning - Untitled [Four Works]](/images/willem-de-kooning_untitled-four-works_AID711286_320x320.jpg)
