Paul Lee
Blue
Estimate: 2.000 - 3.000 USD
Price realised: 250 USD
Price realised: 250 USD
Description
Paul Lee
B.1974
BLUE
signed and titled on the inside of the tambourine
tambourine and towel
1 3/4 by 8 by 8 in. 4.4 by 20.3 by 20.3 cm.
Executed in 2016.
Maccarone, New York | White Columns Benefit Auction, New York, 18 May 2016, Lot 6 | Acquired from the above sale by the present owner
B.1974
BLUE
signed and titled on the inside of the tambourine
tambourine and towel
1 3/4 by 8 by 8 in. 4.4 by 20.3 by 20.3 cm.
Executed in 2016.
Maccarone, New York | White Columns Benefit Auction, New York, 18 May 2016, Lot 6 | Acquired from the above sale by the present owner
Auction result misses estimated price range
When the work Blue by Paul Lee was auctioned at Sothebys in New York in March 2018, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 2,000.00 – 3,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 250.00 (€ 202.92). Of course, this price has nothing to do with the top prices that other works by Paul Lee achieve. The highest price we have observed so far was reached by the work Untitled (Hand Towels With Bulbs) in March 2014 with an auction result of USD 11,250.00 (€ 8,165.78).
Auktionsergebnis verfehlt die Schätzpreisspanne
Als die Arbeit Blue von Paul Lee im März 2018 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 2.000,00 – 3.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 250,00 (€ 202,92) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Paul Lee erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Untitled (Hand Towels With Bulbs) im März 2014 mit einem Auktionsergebnis von USD 11.250,00 (€ 8.165,78).
Paul Lee - Auction history
Other artists in this auction
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