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Saturday, November 17, 2018

Phillips Sells Second Delaney Abstract

Phillips sold a Beauford Delaney abstract for $150,000 during its "New Now" sale on September 26, 2018.

Untitled
Signed, inscribed and dated "Beauford Delaney Paris 1965 midday" on the reverse
(1965) Oil on canvas
25 1/2 x 21 in. (64.8 x 53.3 cm.)
© Estate of Beauford Delaney
by permission of Derek L. Spratley, Esquire,
Court Appointed Administrator

On November 14, 2018, it sold a second abstract for $118,750.

Untitled
(1967) Oil on canvas
21 3/4 x 18 in. (55.2 x 45.7 cm.)
© Estate of Beauford Delaney
by permission of Derek L. Spratley, Esquire,
Court Appointed Administrator

The estimated sale price for both works was $20,000 to $30,000.

Results from several additional sales show that buyers consider Beauford's work to be worth far more than the prices listed by the auction houses:

Clarke Auctioneers set a record for the sale of Beauford's work when it sold Street Scene for $176,250 at its 5th Annual Fine Art Sale on October 27, 2008. Clarke estimated that the painting would sell for $30,000 to $50,000.

For its Regard sur le XXe siècle #5 Art contemporain & Design sale on April 5, 2014, De Baecque estimated that an untitled oil signed and dedicated "Bon Nassainie Hovard" on the back of the canvas would sell for 600€ to 800€. It sold for 17,000€.

On June 21, 2018, Paysage, 1951 (oilstick on paper) sold for 64,500€ during Cornette de Saint Cyr's Art Contemporain - Art Africain Contemporain sale. Its estimated sale price was 3,000€ to 5,000€.

Two recent sales at Swann Auction Galleries are other examples. Untitled (African Figure) sold for $173,000 at the October 2018 African American Fine Art auction when its estimated sale price was $40,000 to $60,000.

And Untitled (Village Street Scene) sold for $557,000 at Swann's April 2018 African American Fine Art auction when its estimated sale price was $150,000 - $250,000. This sale broke the record set by Clarke in 2008.


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