New York’s contemporary spring auctions begin May 12. And certain artists who came to prominence between the sixties and the eighties are well worth a look (for those with a rather sizable amount of cash on the sidelines), in large part because their work has weathered past busts and shows every sign of future desirability. Museums could want some of these pieces one day, which is usually an excellent reason for private collectors to covet them first.
Why it’s undervalued: Well, he’s Frank Stella, and though his “early works are selling for a lot, overall his work is, in my view, very much undervalued,” says Simon de Pury of Phillips de Pury auction house.
What’s on the block: Never before seen at auction is Doubled Mitered Maze (1967), below, with an estimate of $1.2 to $ 1.8 million, May 12 at Sotheby’s, part of Stella’s celebrated “Concentric Squares” and “Mitered Mazes” series.
Also available: two “Concentric Squares” series works, both titled Untitled (1961) at Christie’s on May 14. Both carry estimates of $100,000 to $150,000.