Minoru Niizuma
Untitled
Found at
Sothebys,
New York
Contemporary Curated featuring works from “In Its Own Light: Property from the Collection of Ed Cohen and Victoria Shaw”, Lot 331
2. Mar - 2. Mar 2017
Contemporary Curated featuring works from “In Its Own Light: Property from the Collection of Ed Cohen and Victoria Shaw”, Lot 331
2. Mar - 2. Mar 2017
Estimate: 2.000 - 3.000 USD
Price realised: 9.375 USD
Price realised: 9.375 USD
Description
Minoru Niizuma
1930 - 1998
UNTITLED
incised with the date '91 on the lower edge
granite
Overall: 51 by 12 by 12 in. 129.5 by 30.5 by 30.5 cm.
1930 - 1998
UNTITLED
incised with the date '91 on the lower edge
granite
Overall: 51 by 12 by 12 in. 129.5 by 30.5 by 30.5 cm.
Artwork auctioned at three times the upper estimate price
When the work Untitled by Minoru Niizuma was auctioned at Sothebys in New York in March 2017, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 3,000.00 but the actual price achieved was more than three times as high at USD 9,375.00 (€ 8,763.32). Despite this good result, it is not the highest hammer price for an artwork by Minoru Niizuma; that achieved among the auctions we observed the lot without title sold at auction in March 2021 with the realized price of USD 15,000.00 (€ 12,773.57).
Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert
Als die Arbeit Untitled von Minoru Niizuma im März 2017 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 3.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 9.375,00 (€ 8.763,32) mehr als dreimal so hoch. Trotz des guten Ergebnisses ist dies nicht der höchste Zuschlag für ein Kunstwerk von Minoru Niizuma; den erzielte unter den von uns beobachteten Auktionen die Arbeit ohne Titel im März 2021 mit dem Hammerpreis von USD 15.000,00 (€ 12.773,57).
Minoru Niizuma - Auction history
Other artists in this auction
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![On Kawara - I Got Up [Fourteen Works]](/images/on-kawara_i-got-up-fourteen-works_AID288854_320x320.jpg)
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