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  • Archive for March, 2017

    THIRD HIGHEST PRICE FOR A WORK FOR ART SOLD IN EUROPE

    Wednesday, March 1st, 2017

    Gustav Klimt (1862-1918) – Bauerngarten painted in 1907

    Gustav Klimt’s Bauerngarten sold for £47.9 million at Sotheby’s in London tonight. The third highest price for any work of art ever sold at auction in Europe was achieved at a sale which scored the highest total of £195 million for any auction ever staged in London.  At the Impressionist, Modern and Surrealist art evening sales five lots sold for over £10 million.

    The Klimt was a record for a landscape by the artist. Four bidders competed for the luminous flower garden. Bauerngarten was painted in 1907 during the golden period of Klimt’s career.

    It was a highlight of the critically acclaimed ‘Painting the Modern Garden’ exhibition at the Royal Academy of Arts in London last year and at at auction for the first time in over two decades.

    Picasso’s Plante de Tomates, painted just days before the liberation of Paris in 1944, sold for £17 million. This is a record for a still life by the artist. The total achieved for eight works by Picasso over the course of the evening was £54.7 million. Two other works by Picasso exceeded £10 million – Femme nu assise (£13.6 million) and  Femme assise dans un fauteuil sur fond blanc (£12 million).  Modigliani’s Portrait of Baranowski made £16 million and a Tahiti painting by Gauguin sold for £8.3 million.

    Helena Newman, Global Co-Head of Sotheby’s Impressionist & Modern Art Department & Chairman of Sotheby’s Europe, said:
    Tonight’s outstanding result is a new benchmark for London sales as much as it is a statement on the momentum of the global art market in 2017. The success of tonight’s sale lies in reading the market to know what buyers are looking for, and Sotheby’s having been entrusted by our clients with extraordinary works. This, combined with the pent up market demand for works of such extraordinary calibre, propelled global buying in our saleroom – particularly from Asia –  and it was wonderful to experience on the rostrum.”

    Amedeo Modigliani
    PORTRAIT DE BARANOWSKI sold for £16 million

    Ernst Ludwig Kirchner – Vier Akte under Baumen (Four nudes under trees) sold for £5.4 million.

    Paul Gauguin – Te Arii Vahine sold for £8.3 million

    FLYING START TO 20TH CENTURY SALES AT CHRISTIE’S

    Wednesday, March 1st, 2017

    René Magritte – La corde sensible

    A combined total of £136,874,598 was realised at the Impressionist & Modern Art evening sale and Art of the Surreal  which launched 20th Century at Christie’s in London last night. The top lot was Paul Gauguin’s Te Fare (La maison) which made £20,325,000. René Magritte’s La corde sensible set a new world record at auction for the artist of £14,441,348. The evening saw an electric start with lively bidding for Portrait de Lluis Alemany, a work dating from the very beginning of Picasso’s career (£773,000), and continued with Berthe Morisot’s Femme en noir or Avant le théâtre which achieved £2,045,000 against a pre-sale estimate of £600,000-800,000 and Femme et enfant au balcon also by Morisot, which more than doubled its high estimate to realise £4,085,000.

    The nine further works from the personal collection of Barbara Lambrecht, including paintings by Kees van Dongen, Raoul Dufy, Claude Monet, Pierre-Auguste Renoir and Félix Vallotton, each sold above estimate with the group totalling £15,945,000 to date. All proceeds are to benefit the Rubens Prize Collection at the Museum of Contemporary Art Siegen.  There was sell through rates of 92% by lot and 96% by value and registered bidders from 39 countries across five continents demonstrate continued global interest from buyers with notable bidding from Asia.