Niles Spencer
In Fairmont
Estimate: 250.000 - 350.000 USD
Price realised: 275.000 USD
Price realised: 275.000 USD
Description
Niles Spencer
1893 - 1952
IN FAIRMONT
signed NILES SPENCER - © (lower right); also signed again, dated '51 and titled IN FAIRMONT (on the reverse upper tacking edge)
oil on canvas
65 1/2 by 41 1/2 inches
(166.3 by 105.4 cm)
The Downtown Gallery, New York | Edward Joseph Gallagher Jr., Baltimore, Maryland | The Museum of Modern Art, New York, 1956 (gift from the above as the Edward Joseph Gallagher III Memorial Collection; sold: Sotheby's, New York, May 17, 2012, lot 33) | Hirschl & Adler Galleries, New York | Acquired by the present owner from the above, 2012
1893 - 1952
IN FAIRMONT
signed NILES SPENCER - © (lower right); also signed again, dated '51 and titled IN FAIRMONT (on the reverse upper tacking edge)
oil on canvas
65 1/2 by 41 1/2 inches
(166.3 by 105.4 cm)
The Downtown Gallery, New York | Edward Joseph Gallagher Jr., Baltimore, Maryland | The Museum of Modern Art, New York, 1956 (gift from the above as the Edward Joseph Gallagher III Memorial Collection; sold: Sotheby's, New York, May 17, 2012, lot 33) | Hirschl & Adler Galleries, New York | Acquired by the present owner from the above, 2012
Auction result well in line with expectations
The work In Fairmont by Niles Spencer was auctioned at Sothebys in New York in May 2019. The estimated price for the artwork was previously given by the auction house with a range of USD 250,000.00 – 350,000.00, the actual price achieved of USD 275,000.00 (€ 246,658.89) could thus just exceed the lower estimate. Other works by Niles Spencer have already achieved higher auction prices, for example, in May 2012 the work In Fairmont was auctioned for USD 332,500.00 (€ 268,925.91).
Auktionsergebnis im Rahmen der Erwartungen
Die Arbeit In Fairmont von Niles Spencer kam im Mai 2019 bei Sothebys in New York zur Auktion. Der Schätzpreis für das Kunstwerk wurde von dem Auktionshaus zuvor mit einer Spanne von USD 250.000,00 – 350.000,00 angegeben, der tatsächlich erzielte Preis von USD 275.000,00 (€ 246.658,89) konnte den unteren Schätzpreis somit knapp übertreffen. Andere Arbeiten von Niles Spencer konnten bereits höhere Auktionspreise erzielen, so wurde im Mai 2012 die Arbeit In Fairmont für USD 332.500,00 (€ 268.925,91) versteigert.
Niles Spencer - Auction history
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