Missak Terzian

Beirut City

Found at Bonhams
Modern and Contemporary Middle Eastern Art Online, Lot 51
4. Sep - 11. Sep 2023
Estimate: 1.500 - 3.000 GBP
Price realised: 288 GBP
Missak Terzian (Lebanon, born 1949)
Beirut City
print and pigments on paper, published by TEAL Editions
signed and numbered, number 2 from an edition of 5, executed in 2022
95 x 110cm (37 3/8 x 43 5/16in).
Property from a private collection, Beirut

Auction result misses estimated price range

When the work Beirut City by Missak Terzian was auctioned at Bonhams in September this year, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of GBP 1,500.00 – 3,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for GBP 288.00 (€ 288.00). Of course, this price has nothing to do with the top prices that other works by Missak Terzian achieve. The highest price we have observed so far was reached by the work Kefraya Landscape, Lebanon in October 2021 with an auction result of EUR 20,312.50.

Auktionsergebnis verfehlt die Schätzpreisspanne

Als die Arbeit Beirut City von Missak Terzian im September diesen Jahres bei Bonhams versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von GBP 1.500,00 – 3.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für GBP 288,00 (€ 288,00) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Missak Terzian erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Kefraya Landscape, Lebanon im Oktober 2021 mit einem Auktionsergebnis von EUR 20.312,50.

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