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170 MILLION GBP FOR SOTHEBY'S SALE OF IMPRESSIONISTAND MODERN SALE IN LONDON
04 February 2015
Catégorie : MARKET


Sotheby's Impressionist and Modern art sale held in London on February 3, 2015 yielded 170,3 million GBP against a high estimate of 164 million for 46 lots sold out of 52.

The Surrealist section comprising 18 lots out of 23 totaled on its part 16,2 million GBP compared with a 18–26 million estimate.

The combined sales realized 186,4 million GBP, the highest total yet for the department with 85.3 percent of lots sold.

Sotheby's guaranteed 12 lots—six of them with irrevocable bids from a third party—that had a combined low estimate of £60.4 million which all sold for 76 million GBP.

 

These included two of five paintings by Claude Monet which sold for 55,7 million GBP. The top lot was a 1908 view of Le Grand Canal in Venice with a £20–30 million estimate  which had been sold in 1989 for 11.5 million USD to a Japanese collector and then for 12,9 million USD in 2005. This time, it went for 23,7 million GBP.

 

Another Monet, Les Peupliers à Giverny (1887), which New York's MoMA was selling with a £9–12 million estimate fetched 10,8 million GBP.

 

A third Monet, L'embarcadere, a boating scene in Holland dated 1871,  sold in 1989 to a Japanese buyer for 11 million USD went for 10,2 million GBP while. Antibes vue de la Salis (1888), which last sold in 1999 for 5.3 million USD fetched 8.8 million GBP.

 

Toulouse Lautrec's Au lit: le baiser (1892) went to a European collector for 10.8 million GBP. A Seurat crayon drawing last sold in Paris in the 1960s and that was a preparatory sketch for his painting Bathers at Agniers, which hangs at the National Gallery in London, sold for 7.7 million GBP , a record price for a work on paper by the artist and Rodin's posthumous cast of Le Penseur, went above its estimate for 6.3 million GBP.

 

Matisse's Odalisque au fauteuil noir (1942), which had last sold in 2004 for 6.6 million GBP rose to  15.8 million GBP while two Picasso sculptures from the estate of dealer, Jan Krugier, which had remained unsold at Christie's in New York in 2013 finally found bidders. The first, a wooden sculpture of a naked boy, sold for 869,000 GBP and the second, an iron and steel maquette for the large Tête that was made for Chicago's Civic Centre in 1964, went for 8.9 million GBP.

 

A third Picasso sculpture, a hand painted terracotta of an owl, La Chouette, set a record for a Picasso terracotta selling  for 1,265,000 GBP against a 350,00–450,000 estimate.

 

A 14-inch Rodin bronze, Desespoir, Grand Modele bought in Virginia last year for 260,000 USD sold to an Asian buyer for 785,000  GBP.

 

A small Malevich self-portrait on paper  sold in London 10 years ago for 162,000 GBP culminated at 5.7 million GBP against a high estimate of 1,5 million, a record for a work on paper by Malevich.

Regarding the surrealist section, Magritte's L'explication sold below its estimate at 3.7 million GBP.  Oscar Dominguez's Toro y Torero (1934-35),  last sold in Paris in 2003 for 320,000 euros rose to 1.8 million GBP and  Kurt Seligman's Witches (1950) tripled its estimate to sell for a record 173,000 GBP.

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