Art Investment

Impressionists and modernists have earned 290 million at Sotheby's

Evening auction of Impressionist and Modern Art Sotheby's was not a better example of similar trades Christie's. Picasso went for 30-39 million dollars, a sculpture by Giacometti - for 50 million, etc.

Yesterday evening auction of Impressionist and Modern Art Sotheby's was not an example of best similar auction Christie's . Total revenue reached $ 290 million , close to the upper limit of the total estimate 212,9-307,9 million. So many trading segment of Impressionism and Modernism did not earn from the time of the sale of " Scream" by Edvard Munch for $ 120 million .

top lot of the auction was a sculpture by Alberto Giacometti's "Most thin head ( big head Diego ) . " A bronze bust of the sculptor 's brother , executed in unusual proportions ( when viewed from the front , it looks like a flattened head , and in profile it looks three-dimensional ) , Giacometti was conceived in 1954 and cast in 1955 in six copies . This is one of the largest sculptures by Giacometti , its height 65 centimeters. Yesterday at Sotheby's was exposed last sixth instance . Lot has reached the upper limit of the estimate and got a new owner - Gallery Acquavella - for $ 50 million . By the way , three years ago, in 2010 , the third in a row sculpture of the same series was sold and that more expensive - for 53.3 million dollars .

with no less enthusiasm met yesterday collectors portrait by Pablo Picasso's " Woman's Head ", which shows the artist's mistress Marie -Therese Walter . Paintings of Marie -Therese 1930 , made in the cubist style , considered to be the most expensive works of the artist. The image of the blonde muse captured in the most expensive painting by Picasso, sold at public auction (" Nude on a background of green leaves and bust " - 105.6 million dollars), " Still Life with Tulips " ( 41.5 million), and the painting "The Dream », that in March 2013 in a private transaction bought for $ 155 million . Yesterday's portrait was no exception: cubist painting in 1935 bought a more expensive estimate - for $ 39.9 million . Another work by Picasso, " Musketeer with a Pipe" (1969), as a result of the struggle rates seven customers was sold for 30.9 million dollars (estimate 12-18 million dollars). The winner was a dealer David Nahmad . From now on, this is the most expensive work of Picasso's late period .


Pablo Picasso Musketeer with pipe . 1969
Oil on canvas. 195 × 130
Sotheby's. 11/06/2013 . Lot 29
Estimate: 12-18 million dollars
Result: 30.9 million dollars
Source : sothebys.com
 Francis Picabia Volucelle II. 1922
Francis Picabia Volucelle II. 1922
canvas ripolin (lacquer paint) . 198,5 × 249
Sotheby's. 11/06/2013 . Lot 11
Estimate: 6.8 million
Result: 8.8 million dollars
Source : sothebys.com

There were at yesterday's Sotheby's auction and no personal records . The highest prices hammer in their auction statistics reached Gustave Courbet (Gustave Courbet), Man Ray (Man Ray), Francis Picabia (Francis Picabia), Giacomo Balla (Giacomo Balla) and Jean Arp (Jean Arp). Futurist Giacomo Balla work " Car Corse " 1913 was sold for $ 11.5 million . A geometric composition by Francis Picabia «Volucelle II» 1922 went to the customer in Latin America , traded on the phone for a record for the artist to 8.8 million dollars .

Prepared by Mary Onuchina , AI

Sources : bloomberg.com , artdaily.com , sothebys.com , artinvestment.ru


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