Franz Kline Work Sells for $88,900 But Delivers a 51% Negative Return
3 min read · 14 May 2025
Untitled (Study for Charcoal, Black and Tan). Image courtesy of Phillips
Franz Kline, Untitled (Study for Charcoal, Black and Tan) (1959) sold for $88,900, more than twice the low estimate at Phillips in New York on May 14.
The sale was below the previous auction result by $93,600, realizing a 51% negative return. It last sold at auction in 2011 for $182,500 at Sotheby's.
Ink and gouache on paper, 35.6 x 27.6cm. The work has been traded 4 times in the past.
Sale Date | Price | Price Increase | Venue | City |
|---|---|---|---|---|
2025-05-14 | $88,900 | -51 % | Phillips | New York |
2011-05-11 | $182,500 | - | Sotheby's | New York |
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