Joan Miro's 1927 work Peinture (Etoile Bleue) has sold for more than £23.5 million in London, setting a new auction record for the Spanish painter.
An anonymous telephone bidder saw off three rivals at the Sotheby's sale.
The abstract work has tripled in price since it was last sold in 2007 and fetched the highest price reached at a London auction so far this year.
The previous auction record for a Miro was £16.8m, set when his 1925 work Painting-Poem sold in February.
Peinture (Etoile Bleue) - which translates as Painting (Blue Star) - hails from Miro's 'dream paintings' cycle and had been expected to fetch no more than £15m.
According to Sotheby's Helena Newman, the high figure reflected the current "unprecedented demand" for the best of 20th Century art.
The second highest price at Tuesday's event was fetched by Pablo Picasso's Homme Assis, which sold for £6.2m.
A Henry Moore sculpture, Mother and Child With Apple, was one of the night's other star performers, raising well above its pre-sale forecast of £3.7m.
The auction was the first in a busy week for fine art sales in London, which continues on Wednesday at Christie's.
Source: www.bbc.co.uk
Painting Nature's Spirit at The Gallery, Chard - Chard & Ilminster News
Painting Nature's Spirit at The Gallery, Chard
8:00am Wednesday 20th June 2012 in What's On By Jamie Brooks
PAINTING Nature’s Spirit is the theme of the latest exhibition on show at The Gallery Café Bar and Bistro in Chard this month.
Gwyn Ardyth’s art explores the visible and invisible realms of the woodland landscape in a bid to convey a sense of the mystical and the wild, the untamed and vibrant life force in these ecosystems.
Gwyn, Californian by birth, now lives in Somerset, where she finds endless inspiration for paintings and photos with woods filled with the sound and scent of dripping rain, reflecting pools, damp earth, creaking branches, shadows, and shifting sunlight.
Having previously studied art in California, New York and England, Gwyn achieved an HND in Fine Art at Weston College, Somerset in 2003 and a BA (Hons) Degree in Drawing and Applied Art at the University of the West of England, Bristol in 2006.
For more information follow the related link on this story.
Source: www.chardandilminsternews.co.uk
Ross Buys Magritte Work for $11.3 Million, Nine Times Estimate - Bloomberg
U.S. billionaire Wilbur Ross paid $11.3 million for a Rene Magritte painting in London last night as collectors battled for Impressionist and modern art.
Magritte’s 1928 work “Les jours gigantesques” (The Titanic Days), showing a suited man grappling with a naked woman in the silhouette of a single figure, went for a price with fees that was nine times its lower hammer-price estimate of 800,000 pounds ($1.25 million) in a 70-lot sale at Christie’s International.
Investors are testing high-value art as a haven from volatile financial markets. Art collector Ross, seated in the front of the saleroom, was asked by Bloomberg News what he thought of the price, the second highest given for the Belgian Surrealist.
“Well, I paid it,” said Ross, who is chairman of WL Ross & Co., which is known for buying distressed assets in industries from steel to financial services.
The Magritte at 7.2 million pounds was the second-highest price of an auction that raised 92.6 million pounds against a low estimate of 74.5 million pounds with 80 percent of the lots finding buyers. There was a bigger quota of quality works by prestigious artists than at Sotheby’s (BID) the previous evening, where 31 percent of the lots were unsuccessful, said dealers.
“That painting was seminal for our understanding of Magritte,” said the London-based dealer Daniella Luxembourg, who was one of the underbidders. “There’s a lot more interest in Surrealism and its origins. It’s an early work influenced by Freud, and there’s only one of these compositions in private hands. Whoever bought it is a lucky man.”
The canvas had not been offered at auction before. The only other version is in a Dusseldorf museum, Christie’s said.
Renoir Cover
The cover lot of the auction catalog was Renoir’s 1888 canvas “Baigneuse.” The painting had been acquired by its seller at Sotheby’s, New York, in November 1997 for $20.9 million, the third highest price paid for the French Impressionist at auction.
Scheduled to be re-offered for 12 million pounds to 18 million pounds, it was sold privately before the event for a price that was within the estimate, Jussi Pylkkanen, Sotheby’s European president, said in the post-sale news conference.
With the Renoir out of the sale, Picasso generated the evening’s two other most substantial prices. The New York-based dealer William Acquavella gave a top price of 8.6 million pounds for the 1949 canvas “Femme assise,” showing Picasso’s partner Francoise Gilot pregnant with their daughter Paloma.
Entered from a Californian collection, it had been valued at 5 million pounds to 7 million pounds.
Afghan Hound
Picasso’s 1962 canvas “Femme au chien,” depicting his second wife Jacqueline Roque with their favorite Afghan hound, sold to a telephone bidder for 7 million pounds. Making its auction debut, having been in the same family collection since 1974, the painting had been guaranteed to succeed, thanks to a third-party “irrevocable bid.” The estimate was 6 million pounds to 9 million pounds.
A third party also guaranteed the success of a group of 14 Edgar Degas bronzes from an unidentified private collection. The sculptures were from a sought-after series made in 1921 by the A.A. Hebrard foundry from the original plaster models created by the artist. Each figure was cast in an edition of 22.
The group raised 11 million pounds with a top price of 2.8 million pounds for a study derived from the 1879-1881 “Little Dancer.”
Equestrian subjects soared above estimate. At least half a dozen bidders competed for “Cheval au galop sur le pied droit” before it was sold to a telephone bid of 2.6 million pounds. It had been valued at 300,000 pounds to 400,000 pounds and would have yielded the guarantor a handsome share of the “upside” above the estimate, dealers said.
“That was an exceptional collection,” the London-based dealer Offer Waterman said in an interview. “The horse racing crowd must have been behind some of that bidding. Those prices will re-calibrate the market for Degas sculptures.”
(Scott Reyburn writes about the art market for Muse, the arts and culture section of Bloomberg News. Opinions expressed are his own.)
Muse highlights include Martin Gayford’s art reviews, Jason Harper on cars and Rich Jaroslovsky on technology.
To contact the writer on the story: Scott Reyburn in London at sreyburn@hotmail.com.
To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net.
"Les jours gigantesques" by Magritte
Christie's Images Ltd. 2102 via Bloomberg.
"Les jours gigantesques," an early painting by the Belgian Surrealist Rene Magritte. The 1928 work sold in a 70-lot auction of Impressionist and modern works at Christie's International in London on June 20.
"Les jours gigantesques," an early painting by the Belgian Surrealist Rene Magritte. The 1928 work sold in a 70-lot auction of Impressionist and modern works at Christie's International in London on June 20. Source: Christie's Images Ltd. 2102 via Bloomberg.
Pablo Picasso
Christie's Images Ltd. 2012 via Bloomberg
"Femme au chien," by Pablo Picasso. The 1962 painting, showing the artist's second wife, Jacqueline Roque, with an Afghan hound, was sold by Christie's International in an auction of Impressionist and modern art in London on June 20.
"Femme au chien," by Pablo Picasso. The 1962 painting, showing the artist's second wife, Jacqueline Roque, with an Afghan hound, was sold by Christie's International in an auction of Impressionist and modern art in London on June 20. Source: Christie's Images Ltd. 2012 via Bloomberg
"Femme assise" by Pablo Picasso
Christie's Images Ltd. 2012 via Bloomberg.
"Femme assise," a 1949 painting by Pablo Picasso. It was sold by Christie's International in its June 20 auction of Impressionist and modern art in London.
"Femme assise," a 1949 painting by Pablo Picasso. It was sold by Christie's International in its June 20 auction of Impressionist and modern art in London. Source: Christie's Images Ltd. 2012 via Bloomberg.
Pierre-Auguste Renoir
Christie's Images Ltd. 2012 via Bloomberg
"Baigneuse" by Pierre-Auguste Renoir. The 1888 painting will was to be included in an auction of Impressionist and modern artworks at Christie's International in London on June 20. It was sold privately before the event.
"Baigneuse" by Pierre-Auguste Renoir. The 1888 painting will was to be included in an auction of Impressionist and modern artworks at Christie's International in London on June 20. It was sold privately before the event. Source: Christie's Images Ltd. 2012 via Bloomberg
"Cheval au galop sur le pied droit" by Degas
Christie's Images Ltd. 2012 via Bloomberg.
"Cheval au galop sur le pied droit," a bronze dating from 1920-1921 cast from a plaster model made by Edgar Degas. It sold for 2.6 million pounds with fees against an estimate of 300,000 pounds to 400,000 pounds at a Christie's International auction Impressionist and modern art in London on June 20.
"Cheval au galop sur le pied droit," a bronze dating from 1920-1921 cast from a plaster model made by Edgar Degas. It sold for 2.6 million pounds with fees against an estimate of 300,000 pounds to 400,000 pounds at a Christie's International auction Impressionist and modern art in London on June 20. Source: Christie's Images Ltd. 2012 via Bloomberg.
Source: www.bloomberg.com
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