Rackstraw Downes - Ventilation Tower Under Renovation #1, Bermuda High

Rackstraw Downes

Ventilation Tower Under Renovation #1, Bermuda High

Found at Christies, New York
Fields of Vision: The Private Collection of Artists Wolf Kahn and Emily Mason Live Sale, Lot 19
18. May - 18. May 2021
Estimate: XX.XXX
Price realised: XX.XXX
Rackstraw Downes (B. 1939)
signed 'RACKSTRAW DOWNES,' dated '1997' and inscribed with title (on a label affixed to the stretcher)
oil on canvas
11 ¾ x 23 ¼ in. (29.8 x 59.1 cm.)
Painted in 1997.
Robert Miller Gallery, New York | Betty Cunningham Gallery, New York | Acquired from the above by the late owners

Auction result misses estimated price range

In May 2021 a collector was able to acquire the work Ventilation Tower Under Renovation #1, Bermuda High by Rackstraw Downes for USD 8,750.00 (€ 7,175.66). This price was achieved in the auction Fields of Vision: The Private Collection of Artists Wolf Kahn and Emily Mason Live Sale at Christies in New York and was even below the estimate range of USD 15,000.00 – 25,000.00 set by the auction house. Of course, this price has nothing to do with the top prices that other works by Rackstraw Downes achieve. The highest price we have observed so far was reached by the work Approach To The Holland Tunnel With 75 Varick in November 2016 with an auction result of USD 87,500.00 (€ 82,718.85).

Auktionsergebnis verfehlt die Schätzpreisspanne

Im Mai 2021 konnte ein Sammler die Arbeit Ventilation Tower Under Renovation #1, Bermuda High von Rackstraw Downes für USD 8.750,00 (€ 7.175,66) erwerben. Dieser Preis wurde in der Auktion Fields of Vision: The Private Collection of Artists Wolf Kahn and Emily Mason Live Sale bei Christies in New York erzielt und lag noch unterhalb der von dem Auktionshaus angesetzten Schätzpreisspanne von USD 15.000,00 – 25.000,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Rackstraw Downes erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Approach To The Holland Tunnel With 75 Varick im November 2016 mit einem Auktionsergebnis von USD 87.500,00 (€ 82.718,85).

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