Shay Rieger

Young Owl

Found at Sothebys, New York
Contemporary Art | New York, Lot 340
17. Jul - 17. Jul 2020
Estimate: 100 - 200 USD
Price realised: 1.500 USD
Sold by the Order of the Trustees of the Hirshhorn Museum and Sculpture Garden to Benefit its Acquisition Program
SHAY RIEGER
1923 - 2015
YOUNG OWL
limestone
13 by 8¾ by 7⅞ in. (33 by 22.2 by 22.5 cm.)
Executed in 1954.
Collection of Joseph H. Hirshhorn | Estate of Joseph H. Hirshhorn (acquired from the above in 1981) | Joseph H. Hirshhorn Bequest | Hirshhorn Museum and Sculpture Garde (gift of the above in 1981)

Artwork auctioned at seven times the upper estimate price

When the work Young Owl by Shay Rieger was auctioned at Sothebys in New York in July 2020, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 200.00 but the actual price achieved was more than seven times as high at USD 1,500.00 (€ 1,273.99). Admittedly, works by Shay Rieger have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Abstract in April 2020 with an auction result of USD 12,500.00 (€ 11,410.31).

Kunstwerk zum Siebenfachen des oberen Schätzpreises versteigert

Als die Arbeit Young Owl von Shay Rieger im Juli 2020 bei Sothebys in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 200,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 1.500,00 (€ 1.273,99) mehr als siebenmal so hoch. Freilich wurden Arbeiten von Shay Rieger auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Abstract im April 2020 mit einem Auktionsergebnis von USD 12.500,00 (€ 11.410,31).

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