Nedo

Progresión 56

Found at Phillips, New York Auction
20th Century & Contemporary Art Day Sale, Morning Session, Lot 192
16. May - 16. May 2018
Estimate: 25.000 - 35.000 USD
Price realised: 25.000 USD
signed, titled, inscribed and dated "Nedo M.F. Progresion 56 Caracas, 1970" on the reverse
painted wood
61 7/8 x 44 1/8 in. (157.2 x 112.1 cm.)
Executed in 1970.
Estate of the Artist | Acquired directly from the above by the present owner

Sold at the lower estimate price

The work Progresión 56 by Nedo was sold in the 20th Century & Contemporary Art Day Sale, Morning Session auction at Phillips in New York in May 2018. The result of USD 25,000.00 (€ 21,422.45) was exactly at the lower end of the estimate range of USD 25,000.00 – 35,000.00. Admittedly, works by Nedo have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work without title in May 2015 with an auction result of USD 100,000.00 (€ 90,958.70).

Zuschlag beim unteren Schätzpreis

Die Arbeit Progresión 56 von Nedo wurde im Mai 2018 in der Auktion 20th Century & Contemporary Art Day Sale, Morning Session bei Phillips in New York versteigert. Das dabei erzielte Ergebnis von USD 25.000,00 (€ 21.422,45) entsprach exakt dem unteren Ende der Schätzpreisspanne von USD 25.000,00 – 35.000,00. Freilich wurden Arbeiten von Nedo auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit ohne Titel im Mai 2015 mit einem Auktionsergebnis von USD 100.000,00 (€ 90.958,70).

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