Otis Kaye
Hidden Assets
Found at
Sothebys,
New York
American Paintings, Drawings & Sculpture, Lot 150
22. MAY - 22. MAY 2008
American Paintings, Drawings & Sculpture, Lot 150
22. MAY - 22. MAY 2008
Estimate: XX.XXX
Price realised: XX.XXX
Price realised: XX.XXX
Description
Otis Kaye1885-1974
HIDDEN ASSETS
signed Otis Kaye, l.c.
oil on panel
14 1/4 by 20 in.
(36.2 by 50.8 cm)
By descent in the artist's family | Patricia Zentrella, 1980 | Private Collection (sold: Sotheby's, New York, May 24, 2000, lot 124, illustrated in color) | Acquired by the present owner at the above sale
HIDDEN ASSETS
signed Otis Kaye, l.c.
oil on panel
14 1/4 by 20 in.
(36.2 by 50.8 cm)
By descent in the artist's family | Patricia Zentrella, 1980 | Private Collection (sold: Sotheby's, New York, May 24, 2000, lot 124, illustrated in color) | Acquired by the present owner at the above sale
Auction result misses estimated price range
When the work Hidden Assets by Otis Kaye was auctioned at Sothebys in New York in May 2008, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 100,000.00 – 150,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 91,000.00 (€ 58,483.29). Admittedly, works by Otis Kaye have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Easy Come, Easy Go in May 2015 with an auction result of USD 514,000.00 (€ 467,527.74).
Auktionsergebnis verfehlt die Schätzpreisspanne
Als die Arbeit Hidden Assets von Otis Kaye im Mai 2008 bei Sothebys in New York versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 100.000,00 – 150.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 91.000,00 (€ 58.483,29) den Besitzer. Freilich wurden Arbeiten von Otis Kaye auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Easy Come, Easy Go im Mai 2015 mit einem Auktionsergebnis von USD 514.000,00 (€ 467.527,74).
