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November 30, 2004

Paschke Price Points

For those unimpressed by more traditional eulogistics, Crain's Chicago Business offers up something a bit more vulgar:

Is death the ultimate career move?
Born and raised in Chicago, Mr. Paschke worked in what some regard as a regional location. Art prices, however, are often driven in global market capitals like New York and Paris.
Most experts say the perception of provincialism coupled with Mr. Paschke's prolific output kept him solidly in the mid-range as far as the prices his work commanded during his lifetime. Sean Susanin, owner of local auction house Susanin's, puts that range between $10,000-$100,000.
According to Merle Klein, owner of M. Klein, a local auctioneer, recent auction prices for Paschke works—which serve as a key gauge for measuring worth—have been below the $40,000 mark.
In December 2003, Christie’s Auction House sold "Saint Gloria and the Troll" an acrylic on canvas from 1974 for $33,460. In May of 2004, another acrylic on canvas, "Jackie-O," sold for $28,800. A Playboy 40th Anniversary logo, acrylic on foamcore laid on linen, went for $13,145. And a 1984 oil on canvas called "Formalesque," put up on June 30, had an estimate of $15,000 to $20,000 but didn't sell.
Mr. Susanin says he auctions six to 10 pieces of Paschke’s work a year. "Large canvases have been fetching in the $20,000 range," for work done in the 1970s and 1980s, says Mr. Susanin. "Works on paper"—drawings, watercolors—command anywhere between $2000 and $10,000.
Two works posted on the Web site of the Maya Polsky Gallery, Paschke's dealer at the time of his death, Candida 36 x 24 Inches oil on linen and Entrare 24 x 36 Inches oil on linen, are each offered at $18,000. Ms. Polsky did not respond to phone calls by press time.
Jacques Koek, a Chicago art collector, has five Paschke's in his collection from the artist's early days. He won’t disclose what he paid for the work, but says he currently has no plans to part with them. "People say artist’s prices go skyhigh," says Mr. Koek. "Normally that's the case. I think it might be very good for the gallery."

On the positive side, I suppose it's an ultimate sign of relevance when news outlets use your death as an opportunity to speculate coldly on its material benefits.

Ed, you've arrived: transcending death in the late-capitalist mode.

"Paschke Price Points"
Posted by Dan at 10:02 AM


Referenced in this post:

Crain's Chicago Business: Putting a price on Paschke's works—Mark Scheffler
Iconoduel: Paschke in the Dailies