Shanti Dave

Untitled

Found at Sothebys, New York
Modern & Contemporary South Asian Art, Lot 55
16. Mar - 16. Mar 2020
Estimate: 7.000 - 9.000 USD
Price realised: 18.750 USD
PROPERTY FROM A PRIVATE COLLECTION, PITTSBURGH
SHANTI DAVE
b. 1931
UNTITLED
Oil and encaustic on canvas
Signed and dated 'Shanti Dave / 68.' upper left
45 x 50 in. (114.3 x 127 cm.)
Painted in 1968
Private Collection, Florida | Acquired from the above in 2001

Upper estimate price exceeded by more than 100%

This artwork by Shanti Dave achieved an unexpectedly high price at Sothebys in New York in March 2020. In the Modern & Contemporary South Asian Art auction, the work without title sold for USD 18,750.00 (€ 17,000.63) - well above the upper estimate of USD 9,000.00. However, buyers have had to dig much deeper into their pockets for other works by Shanti Dave - we have observed the highest auction result to date for the work without title, which sold at auction in October 2021 for GBP 47,750.00 (€ 56,570.85).

Oberer Schätzpreis um mehr als 100% übertroffen

Dieses Kunstwerk von Shanti Dave erzielte im März 2020 bei Sothebys in New York einen unerwartet hohen Preis. In der Auktion Modern & Contemporary South Asian Art wurde diese Arbeit ohne Titel für USD 18.750,00 (€ 17.000,63) versteigert – und damit weit über dem oberen Schätzpreis von USD 9.000,00. Für andere Arbeiten von Shanti Dave 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 Oktober 2021 für GBP 47.750,00 (€ 56.570,85) versteigert wurde.

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