Norman Zammitt - Caugnawaga #1

Norman Zammitt

Caugnawaga #1

Found at Christies, New York
House Sale, Lot 100
31. Jul - 31. Jul 2007
Estimate: 100 - 200 USD
Price realised: 660 USD
Description
Norman Zammitt (American, B. 1931)
Caugnawaga #1
signed and dated 'NORMAN ZAMMITT 61' (upper right); signed and dated again and titled '"CAUGNAWAGA" NORMAN ZAMMITT 1961' (on the frame)
oil on panel in artist frame
12¾ x 27¾ in. (32.4 x 70.5 cm.)
Painted in 1961.
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Artwork auctioned at three times the upper estimate price

When the work Caugnawaga #1 by Norman Zammitt was auctioned at Christies in New York in July 2007, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 200.00 but the actual price achieved was more than three times as high at USD 660.00 (€ 481.37). Of course, this price has nothing to do with the top prices that other works by Norman Zammitt achieve. The highest price we have observed so far was reached by the work South Wall, 1976 in September this year with an auction result of USD 16,640.00 (€ 15,721.84).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Caugnawaga #1 von Norman Zammitt im Juli 2007 bei Christies in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 200,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 660,00 (€ 481,37) mehr als dreimal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Norman Zammitt erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit South Wall, 1976 im September diesen Jahres mit einem Auktionsergebnis von USD 16.640,00 (€ 15.721,84).

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