Untitled #12 (1988)

Untitled #12 (1988)

Acrylic and graphite on canvas

Agnes Martin (1912– 2004) was a pioneer of Minimalism and highly influential in her meditative approach to geometric abstraction.

Security Type
Common Stock
Industry
Art
Location
New York, NY
Offering Date
June 04, 2021
Year
1988
Historical Appreciation
14
Security Price
$20

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Security Description

Common stock is a security that represents ownership in a corporation.

Key Deal Facts

As a pioneer of Minimalism, Agnes Martin is considered one of the most important American painters of the 20th century.
Untitled #12 is executed in Martin’s identifiable muted palette with horizontal graphite lines in her signature 72 x 72 in. square format, making it a highly desirable example for collectors.
Similar works from the period have sold for over $5 million, including: Untitled #7 (1984) which sold for $5,712,500 on May 16, 2018, and Mountain Flowers I (1985) which sold for $5,218,650 on June 29, 2020.
Masterworks was offered several paintings on the private sale market that had asking prices of between $6-9 million. We are offering Untitled #12 for $4,662,000.
Martin is represented by PACE Galleries – one of the top 3 galleries globally – which could bring further momentum to her market.
Although there are no guarantees, similar works have appreciated at 14.3% per year historically. Additionally, recent collecting trends have resulted in accelerated growth of important female artist markets.
Before her passing, Agnes Martin was granted two of the highest rewards for a living artist: The Golden Lion of the Venice Biennale and the National Medal of Arts.

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