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  • PICASSO TOPS SOTHEBY’S IMPRESSIONIST AND MODERN SALE IN NEW YORK

    Picasso’s Nature morte aux tulipes made $41,522,500.

    In an art market that at the highest levels remains functioning through tough times Picasso’s Nature morte aux tulipes was the top lot at Sotheby’s  Impressionist and Modern Art evening sale in New York on November 8.  The sexually charged portrait of his mistress Marie-Therese Walter that is at the same time a still life sold for $41,522,500 in an auction that brought in $163,009,000. Nearly one third of the 69 works on offer went unsold. Works  by Monet, Picasso and Renoir sold by American museums to benefit future acquisitions performed well and totalled $17,543,500 above a high estimate of $12.6 million. Monet’s Champ de blé from the Cleveland Museum of Art made $12,122,500. Picasso’s Mousquetaire au chapeau. Buste from the Hirshhorn Museum in Washington made $4,338,500.

    Six works from the estate of Greek shipping magnate George Embiricos sold for a total of $22,093,000. They were led by Picasso’s Le Viol which made $13,522,500. Sotheby’s will next offer works from the Embiricos estate in the Contemporary Art sale in New York on November 13, and the Old Master Paintings sale in January.  Five sculptures by Henry Moore, led by the monumental Two Piece Reclining Figure No. 1  from the Embiricos estate which made $4,674,500, were all sold and totaled $14,188,500.

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