Pedro Alvarez
Galaxia - No.5
Found at
Bonhams,
New York (Online Auction)
Modern & Contemporary Art20th Century to Today, Lot 69
13. May - 27. May 2020
Modern & Contemporary Art20th Century to Today, Lot 69
13. May - 27. May 2020
Estimate: 4.000 - 6.000 USD
Price realised: 8.825 USD
Price realised: 8.825 USD
Description
Pedro Alvarez (1922-1997)
Galaxia - No.5
signed with the artist's initials 'PA' (lower left); signed, dated and titled 'Pedro Alvarez 1955, Galaxia - No.5' (on the reverse)
oil on canvas
31 1/4 x 23 1/2 in (79.4 x 59.7 cm)
Painted in 1955
Private collection, Madrid.
Galaxia - No.5
signed with the artist's initials 'PA' (lower left); signed, dated and titled 'Pedro Alvarez 1955, Galaxia - No.5' (on the reverse)
oil on canvas
31 1/4 x 23 1/2 in (79.4 x 59.7 cm)
Painted in 1955
Private collection, Madrid.
Upper estimate price exceeded by 47 %.
The work Galaxia - No.5 by Pedro Alvarez was auctioned at Bonhams in New York in May 2020. It achieved a price of USD 8,825.00 (€ 7,951.88), exceeding the upper end of the estimate range by 47%. However, buyers have had to dig much deeper into their pockets for other works by Pedro Alvarez - we have observed the highest auction result to date for the work without title, which sold at auction in May 2017 for USD 30,000.00 (€ 26,699.89).
Oberer Schätzpreis um 47 % übertroffen
Die Arbeit Galaxia - No.5 von Pedro Alvarez kam im Mai 2020 bei Bonhams in New York zur Auktion. Sie erzielte dabei einen Preis von USD 8.825,00 (€ 7.951,88) und übertraf damit das obere Ende der Schätzpreisspanne um 47%. Für andere Arbeiten von Pedro Alvarez mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit ohne Titel beobachtet, die im Mai 2017 für USD 30.000,00 (€ 26.699,89) versteigert wurde.
Pedro Alvarez - Auction history
Other artists in this auction
