Art Investment

"Still Life with Tulips" by Pablo Picasso was sold for 41.5 million dollars at Sotheby's

Yesterday in New York the evening sale of Impressionist and Modern Sotheby's. The situation was about the same as at the last trading day before Christie's. The fight was only for individual, outstanding work, and the whole auction was rather low. Remained at about 30%of their lots, the total result of $ 163 million fell short of the estimate 169-245 million.

Pablo Picasso
Still life with tulips.
1932 Oil on canvas. 130 x 97
Sotheby's . 11/08/2012. Lot 9
Estimate: 35-50 million dollars
Result: 41.5 million dollars
Source: sothebys.com

Pablo Picasso Woman in the Window (Marie-Therese).
1936 Oil on canvas. 55 x 45,7
Sotheby's . 11/08/2012.
Lot 17 Estimate: 15-20 million dollars
Result: 17.2 million
Source: sothebys.com

best results achieved at yesterday's auction works by Pablo Picasso. "Still Life with Tulips" 1932 , drawn up by the author of the sculptural portrait of his mistress Marie-Therese Walter, a bouquet in a basket and a few tempting fruit was sold for 41.5 million dollars (estimate 35-50 million). In dispute with the dealer David Nahmad won a phone buyer. sale still life has been guaranteed by a third party. work last visited the market in 2000, when it changed hands for 28.6 million dollars.

Another dedication to Marie-Therese, portrait of "Woman in the Window" in 1936 reached the price of 17.2 million dollars, while the estimate of 15-20 million. Picasso kept in his job until his death, after which the painting was inherited by his granddaughter, Marina, daughter of Paolo - son of Picasso and Olga Khokhlova.

The third night was the best selling graphic work of Picasso «Le Viol» («Violence"), created by the artist in just eight days before the Nazi occupation of France. Figure from the collection of the Greek shipping magnate George Embirikosa left with a significant excess of estimate 4-6 million dollars - for 13.5 million dollars.

Claude Monet
Wheatfield.
1881 Oil on canvas. 65.7 x 82
Sotheby's. 5.11.2012.
Lot 19 Estimate: 5-7 million dollars
Result: 12.1 million dollars
Source: sothebys.com

equally impressive results achieved and the landscape by Claude Monet's "Wheatfield» from the collection of the Cleveland Museum of Art : while the estimate 5-7 million dollars a picture in pastel colors sold for 12.1 million dollars. Museum sold the painting from its collection to bail out funds for the completion of the department of European painting and sculpture of the twentieth century. On American law is allowed to sell artifacts to museums, only the revenue will go to the meeting update, not on operational needs. At the Cleveland Museum of Art are five works by Claude Monet, so parting with "wheat field" was painless.

Estimeyty some works have been overestimated, and the buyer is now very sensitive to that is, - explained the agency Bloomberg Christophe van de Vega. Not buying interest triggered several works by Picasso, Degas things, drawing by Matisse, Rodin sculpture, as well as portrait of "Lady in Ermine" from the collection of Paul Cezanne Embirikosa.

Prepared Maria Onuchina, AI

Source: sothebys.com , artinvestment.ru


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