NEWS

Friday, July 13, 2012

MIRO SETS RECORD AT SOTHEBY’S IN LONDON’S MODERN ART SALES



Miró sets record at Sotheby’s in London’s modern art sales
But Christie’s auction was stronger overall, with a better-edited selection of work

By Georgina Adam. Web only
Published online: 22 June 2012

The June sales of impressionist and modern art in London produced very different results even if some startlingly high prices were achieved.

Things got off to a limp start at Sotheby’s evening sale on 19 June in a session that was marked by poor quality and overly high estimates. The 48 works in the catalogue had a target of £72.9m-£102.6m, and totalled just over £75m –slightly short of the low estimate, as pre-sale figures do not include commission. Fifteen lots failed, making a sold-through rate of 68.8%. “In view of the material on offer, things did better than I expected,” commented the London dealer Edmondo di Robilant.

The highlight was Miró’s Peinture (Etoile Bleue), 1927, which was effectively pre-sold as it carried a guarantee and “irrevocable bid” symbol. The work had recently been exhibited at the Zurich Kunsthaus (“Miró, Monet, Matisse—The Nahmad Collection”, 21 October 2011–15 January 2012) and carried an estimate of £15m-£20m. It was chased by Sotheby’s head of contemporary art, Tobias Meyer on the telephone, as well as Stephane Cosman Connery, who has just left his position as head of private sales at Sotheby’s, on a mobile phone in the room. Meyer bagged the painting at £23.6m, setting a new record for Miró.

The other standout was a fine group of Kandinsky works on paper which attracted bidding from the room and on the telephone. The highest price of £1.33m was given for Entwurf zu ‘Grüner Rand’, 1919 (est. £750,000-£900,000), from a telephone bidder. But there were many casualties, including two Munchs [Seated Young Woman, 1916, bought in at £2.3m, estimate £2.5m-£3.5m, and Kragerø in Spring, 1929, bought in at £800,000, estimate £1m-£1.5m.] and Otto Dix’s, Sitzender akt mit Blondem Haar, 1931, estimate £4m-£6m, unsold at £3.1m.

Christie’s sale the following night on 20 June was far stronger. It totalled £92.6m (pre-sale estimate £74.5m-£100m) with 80% of the lots finding buyers. The total could have been higher, but as the sale started the auctioneer announced that the top lot, a fleshy Renoir Baigneuse, 1888, had been sold privately.


No comments:

BOSES

BOSES

IBALONG

IBALONG

THY WOMB

THY WOMB

PHILIPPINE ART PUBLICATIONS



About This Blog









SECRET FRESH GALLERY

SECRET FRESH GALLERY

DRAWING ROOM

DRAWING ROOM

ALTRO MONDO

ALTRO MONDO

SINDO ARTWALL

SINDO ARTWALL

OARHOUSE

OARHOUSE

AYALA MUSEUM

AYALA MUSEUM

BLANC

BLANC

GSIS MUSEO NG SINING

GSIS MUSEO NG SINING

MUSEO DE LIPA

MUSEO DE LIPA

NAGA CITY ART GALLERY

NAGA CITY ART GALLERY

GALLERIA NICOLAS

GALLERIA NICOLAS

WEST GALLERY

WEST GALLERY

GALLERY ORANGE

GALLERY ORANGE

40TH LIKHANG SINING 2013

40TH LIKHANG SINING 2013

ART FAIR PHILIPPINES 2013

ART FAIR PHILIPPINES 2013

RIZAL ARTS FESTIVAL 2013

RIZAL ARTS FESTIVAL 2013

CINEMA REHIYON 2013

CINEMA REHIYON 2013

VIVA-EXCON LOGO DESIGN COMPETITION

VIVA-EXCON LOGO DESIGN COMPETITION

2013 AMELIA LAPEÑA BONIFACIO LITERARY CONTEST

2013 AMELIA LAPEÑA BONIFACIO LITERARY CONTEST

ANIMAHENASYON 2013 POSTER DESIGN CONTEST

ANIMAHENASYON 2013 POSTER DESIGN CONTEST

  © Blogger template Brownium by Ourblogtemplates.com 2009

Back to TOP