Richard Estes

Venice-imbarcadero a palazzo ducale

Found at Phillips, New York Auction
20th Century & Contemporary Art Day Sale, Morning Session, Lot 250
16. May - 16. May 2023
Estimate: 35.000 - 45.000 USD
Price realised: 88.900 USD
signed and dated "78 ESTES" center left
oil on paper laid on panel
15 x 19 3/4 in. (38.1 x 50.2 cm)
Painted in 1978.

Upper estimate price exceeded by 98 %.

This artwork by Richard Estes achieved an unexpectedly high price at Phillips in New York in May this year. In the 20th Century & Contemporary Art Day Sale, Morning Session auction, the work Venice-imbarcadero a palazzo ducale sold for USD 88,900.00 (€ 83,442.84) - well above the upper estimate of USD 45,000.00. Of course, this price has nothing to do with the top prices that other works by Richard Estes achieve. The highest price we have observed so far was reached by the work Gifts of Nature in March this year with an auction result of USD 1,284,000.00 (€ 1,181,015.45).

Oberer Schätzpreis um 98 % übertroffen

Dieses Kunstwerk von Richard Estes erzielte im Mai diesen Jahres bei Phillips in New York einen unerwartet hohen Preis. In der Auktion 20th Century & Contemporary Art Day Sale, Morning Session wurde die Arbeit Venice-imbarcadero a palazzo ducale für USD 88.900,00 (€ 83.442,84) versteigert – und damit weit über dem oberen Schätzpreis von USD 45.000,00. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Richard Estes erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Gifts of Nature im März diesen Jahres mit einem Auktionsergebnis von USD 1.284.000,00 (€ 1.181.015,45).

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