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Rashid Rana - Veil III

Rashid Rana

Veil III

Found at Christies, London
South Asian Modern + Contemporary Art, Lot 1
11. Jun - 11. Jun 2012
Estimate: XX.XXX
Price realised: XX.XXX
RASHID RANA (B. 1968)
Veil III
signed, titled, numbered and dated '12/20 Veil III Rashid Rana 2004' (on a label affixed to the reverse)
digital chromogenic print mounted on Diasec
20 x 20 in. (50.8 x 50.8 cm.)
Executed in 2004; number 12 from an edition of 20

Upper estimate price exceeded by 39 %.

In June 2012 Christies in London held the auction South Asian Modern + Contemporary Art, which included the work Veil III by Rashid Rana. The »bidding war« ended at GBP 25,000.00 (€ 30,955.95), 39% above the upper estimate. Of course, this price has nothing to do with the top prices that other works by Rashid Rana achieve. The highest price we have observed so far was reached by the work Veil #6 in July 2008 with an auction result of GBP 325,250.00 (€ 413,233.79).

Oberer Schätzpreis um 39 % übertroffen

Im Juni 2012 führte Christies in London die Auktion South Asian Modern + Contemporary Art durch, in der auch die Arbeit Veil III von Rashid Rana zur Versteigerung kam. Das »Bietergefecht« endete beim Preis von GBP 25.000,00 (€ 30.955,95) und damit 39% über dem oberen Schätzpreis. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Rashid Rana erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Veil #6 im Juli 2008 mit einem Auktionsergebnis von GBP 325.250,00 (€ 413.233,79).

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