Nedo
Progresión 54
Estimate: 20.000 - 30.000 USD
Price realised: 27.500 USD
Price realised: 27.500 USD
Description
Nedo
1926 - 2001
PROGRESIÓN 54
signed, titled and dated Caracas, 1970 on the reverse
acrylic on wood
60 by 26 7/8 by 2 in. 152.4 by 68.3 by 5.1 cm.
Private Collection, Caracas | Acquired from the above by the present owner
1926 - 2001
PROGRESIÓN 54
signed, titled and dated Caracas, 1970 on the reverse
acrylic on wood
60 by 26 7/8 by 2 in. 152.4 by 68.3 by 5.1 cm.
Private Collection, Caracas | Acquired from the above by the present owner
Auction result well in line with expectations
The work Progresión 54 by Nedo was auctioned at Sothebys in New York in May 2018. It changed hands for a price of USD 27,500.00 (€ 23,564.70) achieving a result in the upper range of the estimate price range of USD 20,000.00 – 30,000.00. However, buyers have had to dig much deeper into their pockets for other works by Nedo - we have observed the highest auction result to date for the work without title, which sold at auction in May 2015 for USD 100,000.00 (€ 90,958.70).
Auktionsergebnis im Rahmen der Erwartungen
Die Arbeit Progresión 54 von Nedo kam im Mai 2018 bei Sothebys in New York zur Auktion. Dabei wechselte sie für einen Preis von USD 27.500,00 (€ 23.564,70) den Besitzer und erzielte damit ein Ergebnis im oberen Bereich der Schätzpreisspanne von USD 20.000,00 – 30.000,00. Für andere Arbeiten von Nedo mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit ohne Titel beobachtet, die im Mai 2015 für USD 100.000,00 (€ 90.958,70) versteigert wurde.
Nedo - Auction history
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