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    Wednesday, May 4th, 2011

    Picasso - Femmes Lisant

    Gauguin Jeune tahitienne

    Impressionist & Modern Art evening sale at Sotheby’s New York on May 3 made $170,478,000.  This was within but very much at the lower end of the overall estimate of $158.9-229.7 million. The 59 lot auction was 74.6% sold by lot, and saw a total of 37 works sell for over $1 million.
    The top lot was Pablo Picasso’s Femmes lisant (Deux personnages). It made $21,362,500 in a sale where auction records were established for the Surrealist artist Paul Delvaux and for a sculpture by Paul Gauguin. Jeune tahitienne sold for 11,282,500.  It was carved during Gauguin’s first trip to Tahiti between 1890 and 1893, and is the only fully-worked bust portrait the artist is known to have created. It marks the eighth highest price for any work by Gauguin at auction.


    Les Cariatides by Paul Delvaux from 1946 made $9,042,500 in a sale which saw strong prices for Surrealist works.

    The Expressionist Alexej von Jawlensky’s Frau mit grünem Fächer (Woman with a green fan) made $11,282,500, just under its high estimate of $12 million. This is the second highest price for a work by Jawlensky.  There were strong prices too for Magritte and Dali.  The art illustrated represents the top five highest prices for the sale.
    The Impressionist & Modern Art Day Sale on May 5 at Sotheby’s in New York brought in $38,982,225.


    Picasso - COUPLE À LA GUITARE made $9.6 million.

    de Vlaminck, Monet, Bonnard, Matisse, Picasso, de Chirico at Christie’s

    Tuesday, April 19th, 2011

    MAURICE DE VLAMINCK (1876-1958) Paysage de banlieue at Christie's, New York.

    Paintings and sculpture by masters Claude Monet, Pierre Bonnard, Henri Matisse, Maurice de Vlaminck, Pablo Picasso, and Giorgio de Chirico are a feature of Christie’s sale of Impressionist and Modern art in New York on May 4.  There are 57 exceptional works in a sale which is expected to realise more than $160 million.

    Head of Impressionist and Modern Art at Christie’s New York Conor Jordan said the London sales in February demonstrated that collector demand for top-quality works offered fresh to the market continues to reach new heights.
    Among the most visually-arresting paintings in the sale is Paysage de banlieue, a fauvist masterpiece by celebrated French painter Maurice de Vlaminck (1876-1958). He was among the leaders of the movement dedicated to revolutionizing 20th century art through the use of pure, unmodulated color and expressive brushwork. Paysage de banlieue, painted in 1905, is estimated at $18-25 million.
    Picasso’s Les femmes d’Alger, version L is estimated at $20-30 million. It is one of the largest works within the artist’s groundbreaking series of 15 paintings created in 1955 in homage to the masterpiece of the same name by the 19th century master Eugène Delacroix (1798-1863).


    Thursday, February 10th, 2011
    There were world records for Bonnard and Dali at Christie’s Impressionist and Modern art evening sale and auction of art of the Surreal.  The sales  made £84,879,800, selling 79% by lot and 84% by value, against a pre-sale estimate of £72,580,000 to £107,060,000.
    Purchasers came from 20 different countries with more than 10 clients competing on several lots. The most intense interest was for works released from private collections for the first time. Terrasse à Vernon by Pierre Bonnard (1867-1947) realized £7,209,250. It dates from 1923.  Works by Derain and Degas also broke the £5 million barrier.  The four works offered by the Art Institute of Chicago, by Picasso (2), Braque and Matisse, brought in  £10,043,400.
    The Art of the Surreal sale realized £22,999,250. The top price was paid for by L’aimant (The Magnet) by René Magritte (1898-1967) which made £4,745,250. Dalí’s Etude pour ‘Le miel est plus doux que le sang’ from 1926-27 made £4,073,250.
    (See post for February 7)


    Monday, February 7th, 2011

    Georges Braque (1882-1963) Nature morte à la guitare (rideaux rouge) signed and dated 'G.Braque 38' is estimated at £3.5-£5.5 million. (click to enlarge) UPDATE: IT SOLD FOR £3.9 MILLION

    Hundreds of millions of pounds worth of Impressionist, Modern and Contemporary art will change hands in London this fortnight.  Two weeks of major art sales in London begin on  February 8.  It is anticipated that the market recovery will see more than £400m spent on art in the coming days

    Sotheby’s kick off with  with an evening sale of impressionist and modern art and continue into next week with contemporary works. Their 42-lot evening session is estimated at £55-£79 million.  This sale  includes the most expensive lot of the week, Picasso’s “La Lecture”. The high estimate of this portrait of his lover Marie-Thérèse dated 1932 is £18 million. Sotheby’s other evening sale, on Thursday, February 10, is a private collection estimated at £39-£55 million.
    At Christie’s there is an estimate of £73-£109 million for the the Impressionist and Modern  and the Art of the Surreal sales on February 9. This is the second highest pre-sale estimate for the February Impressionist sales at Christie’s in London. The highlight is Nature morte à “L’Espérance”, a still life painted by Paul Gauguin (1848-1903) in 1901 while he was living in Tahiti. It is expected to realise £7-£10 million. (See for January 7) The sale includes four works to be sold by the Art Institute of Chicago (two Picasso’s, a Braque and a Matisse), and will feature the artists Claude Monet, Edgar Degas and Fernand Léger.
    Self-portraits by Andy Warhol and Jean-Michel Basquiat will star in contemporary-art auctions in London set to raise at least 72.5 million pounds ($116 million).