Philip Guston died 35 years ago but he still makes the news. Gallery Hauser & Wirth, one of the world’s most prominent galleries,has been appointed to represent his Estate a year ago and is now preparing a major exhibition that will showcase one of the main aspects of the artist’s works in its New York offices.
With the exhibition Philip Guston Painter, 1957 - 1967 opening on 26 April and set to last until 29 July 2016, Artprice has chosen to examine the hammer prices of works by Guston to understand how they perform.
The appreciation of Beggar’s Joys (1954-55). The piece sold for US$1.7 million in November 1996 and US$10.2 million in 2008, i.e. a six-fold increase.
The number of paintings by Guston that sold at auction in the past five years, at an averageUS$8.8 million.
The 2015 unsold rate at auction for paintings by Guston. Rare though these works may be, collectors are very demanding in terms of quality.
The number of times the piece Sleeper III (1960) went up for auction since 1989. It only sold once, at US$145,000 in 2008, and was bought-in twice last year in May and November.
— Artprice.com (@artpricedotcom) 28 février 2016
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