First war president

Mar 27, 2021. 09:36 UTC
First War President
Kirk
United States of America

Category
Paintings

Acquired from
Other

For sale
Maybe
Description

Per your request, you will find new photos and more details below about the one attached painting by de Kooning. Also, you will find at the end of these photos one separate photo of the other four paintings (disregard) from this set of five. I would like to keep them altogether due to the fact that only one of them has a signature. MutualArt: Prepared Valuation Date March 04 2021 Ref 05032100051726 ARTWORK DETAILS Medium: Oil on masonite Signed: Yes Artist: Elaine de Kooning Title: Group of first two works: (1) Abraham Lincoln portrait and (2) Group of men in a tavern Creation Date: 20th Century Measurements: Height: 18, Width: 15, Depth: 1 inch Broad Media: Painting DESCRIPTION OF ARTWORK Elaine de Kooning (1918-1989) was a twentieth-century artist and the wife of renowned Abstract Expressionist Willem de Kooning (1904-1997). She exhibited extensively throughout her career and also earned recognition as a writer and critic, holding a position as editorial associate for Art News magazine. Her work is held in the collections of the National Gallery of Art in Washington, D.C., the Solomon R. Guggenheim Museum in New York, and the Kemper Museum of Contemporary Art in Kansas City, among other institutions. The subject works are a portrait of Abraham Lincoln and an interior scene with a group of men in nineteenth-century costume conversing inside a rustic tavern. One of the works is signed "de Kooning" on the reverse side. The style of the works is more consistent with Elaine de Kooning than Willem de Kooning, and the artist is known to have created similar small, painterly depictions around the mid-century. Although the paintings have been valued as by Elaine de Kooning for the purpose of the present assignment, it must be understood that the values are only applicable in the case that both works will be formally authenticated as by her hand by the recognized authority on the artist. MutualArt.com Valuationfor Kirk Tillery March 04 2021 Page 2 of 7 FAIR MARKET VALUE A valuation is not a certificate of authenticity of an artwork. Fair market value is the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act and both having reasonable knowledge of the relevant facts. This value is available only for artists included in MutualArt.com database of auction houses. Minimum: 30000 USD Maximum: 50000 USD REFERENCES "Basketball Scrimmage" 1965 Oil on paper laid down on Masonite 24 x 35 1/4 inches Sotheby's New York Presale estimate $10,000 - $15,000 Sold for $15,120 December 11-18, 2020 Lot 88 "Home" 1953 Oil on masonite 17 1/2 x 14 inches Doyle New York Presale estimate $8,000 - $12,000 Sold for $25,000 May 20, 2020 Lot 7 "Peter Fried" c. 1940 Oil on paperboard 18 3/4 x 15 inches Stair Galleries, Hudson, NY Presale estimate $2,000 - $4,000 Sold for $10,000 (hammer price) June 12, 2016 Lot 196 MutualArt.com Valuationfor Kirk Tillery March 04 2021 Page 3 of 7 ADD

Provenance

These five de Kooning paintings were purchased together as a set of five here in the US.

Answered within 2 days
Mar 29, 12:22 UTC
By George

Fair Market Value

$20,000 - $40,000 USD

Insurance Value

$60,000 USD
What does this mean?

Dear Kirk,

Thank you for contacting Mearto with your appraisal inquiry.

The presented object appears to be a painting made in oil paint on masonite with the measurements of 18 x 15 inches. The painting depicts President Abraham Lincoln with soldiers of the Union standing in uniform and with a rifle in the background. The painting is signed on the reverse side with "de Kooning". This painting differs in the style and the motif from other works by Elaine Marie DE KOONING (1918-1989). Such an artwork needs intense art historical research and a comparison with the catalogue raisonné and the named estimate is an explicitly potential estimate.
Works by this artist were recently offered and sold on the international auction market.
This piece is in good condition and there is no serious damage visible in the images provided.
Fair market estimation for an authentified artwork by Elaine de Kooning would be between 20.000 to 40.000 USD.
This estimate is based on actual recent past recorded auction sales of comparable items. Retail "asking prices" can be higher and may vary.

An artwork of such high potential value requires further authentication research. This estimate is provided on the condition of authenticity.

With kind regards,
Georg

This is a conditional appraisal, which means that we have not verified the authenticity of this item. Click here to learn more about the authentication resources that Mearto offers.
Kirk tillery Mar 31, 07:29 UTC

Georg:
How do we keep this set of five de Kooning paintings together due to the fact that only one of them was signed and evaluated so far? They were found together as one group of five and the only thing that defines them as de Kooning paintings, is this one signature and that they were always together? Please advise what to do when it comes to evaluations of the other four paintings and keeping them together as a group.

George Apr 05, 12:34 UTC

Dear Kirk,

Thank you for your email and Happy Easter. Sadly I don't see a real opportunity to keep them together. The signed painting has a higher price potential if it is authentified. The other paintings could be just attributed to de Kooning with arguments of style and motif. It is not sure how this group was set together and the art market usually does not accept such arguments.

With kind regards,
George

Kirk tillery Apr 07, 07:55 UTC

George:
Once again, thank you "very much" for taking the time to evaluate this item.

George Apr 07, 11:51 UTC

Dear Kirk,

Thank you for your email and once again, you are very welcome!

With kind regards,
George

With kind regards,
George

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