Omar El-Nagdi

Untitled (Seated Figure)

Found at Bonhams
Modern and Contemporary Middle Eastern Art Online, Lot 56
17. Jan - 31. Jan 2023
Estimate: 5.000 - 7.000 GBP
Price realised: 25.500 GBP
Omar El-Nagdi (Egypt, 1931-2019)
Untitled (Seated Figure)
oil on panel, framed
signed "Omar EL Nagdi" (lower right, executed circa 1991
85 x 57cm (33 7/16 x 22 7/16in).
Property from the private collection of H.E Ambassador Francine Henrich

Artwork auctioned at three times the upper estimate price

When the work Untitled (Seated Figure) by Omar El-Nagdi was auctioned at Bonhams in January this year, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - GBP 7,000.00 but the actual price achieved was more than three times as high at GBP 25,500.00 (€ 28,942.90). Admittedly, works by Omar El-Nagdi have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Le Grand Cavalier in November this year with an auction result of GBP 216,300.00 (€ 250,644.66).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit Untitled (Seated Figure) von Omar El-Nagdi im Januar diesen Jahres bei Bonhams versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – GBP 7.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit GBP 25.500,00 (€ 28.942,90) mehr als dreimal so hoch. Freilich wurden Arbeiten von Omar El-Nagdi auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Le Grand Cavalier im November diesen Jahres mit einem Auktionsergebnis von GBP 216.300,00 (€ 250.644,66).

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