France

Strong works see Paris impressionist, modern and contemporary sales holding up

Records set, despite trend for reduced estimates

paris. Sotheby’s impressionist and modern art sale on 9 December in Paris generated €10.8m, exceeding its €6.7m-€9.5m estimate. The star sale was Les Acrobates, 1935, by Francis Picabia to a European collector for €774,750, against an estimate of €350,000-€500,000, followed by Fernand Léger’s Contrastes sur Fond Rouge (Contrasts on a Red Background), 1952, estimated at €450,000-€650,000, selling for €696,750. New records were broken for Dora Maar and Léon Spilliaert. Maar’s 1936 portrait of Picasso sold to an American collector for €480,750, soaring past its €120,000-€180,000 estimate. It was one of eight lots sold from Pierre Leroy’s modern and contemporary art collection that made €902,050 against an estimate of €435,000-€630,000. Spilliaert’s 1911 self-portrait, estimated at €180,000-€200,000, sold for €300,750, and five bronzes by Edgar Degas fetched a total of €939,000. They included a dancer (est €200,000-€300,000), which sold for €276,750. The surprise success was a 1942 self-portrait by Balthus from the estate of Pierre Matisse in New York that fetched €180,750 against an estimate of €30,000-€40,000.

Sotheby’s contemporary art sales on 8 December in Paris also did well, making €10.6m, far surpassing its €6.1m-€8.4m estimate. The results show that Sotheby’s strategy of favouring strong works with prestigious provenance has paid off. The topliner was Peinture, 27 Février 1954 (Painting, 27 February 1954), by Pierre Soulages. Estimated at €600,000-€800,000, it was bought by a European collector for €888,850, and Jean Dubuffet’s Le Village Fantasque (The Fantastic Village), 1964, estimate €200,000-€300,000, sold for €624,750. Günther Uecker’s Energetic Bilds Feld (Energetic Picture Field), 1930, set a new record for the artist, selling to a dealer for €444,750, against an estimate of €120,000-€180,000. Jeff Koons’s Elephant (Purple), 1999, which the artist had donated earlier this year to the Fondation Claude Pompidou, was sold for €400,000 (estimate €300,000-€400,000), excluding the buyer’s premium, to raise funds for the construction of a hospital in Nice, which will include an Alzheimer’s disease research centre, called Institut Claude Pompidou.

More from The Art Newspaper

Comments

11 Jan 10
15:30 CET

ANDRE DA VINCI, LOS ANGELES

Because: hardly anyone really cares.

17 Dec 09
18:52 CET

GARY ARSENEAU, FERNANDINA BEACH

There is -no- such thing as a "bronze by Degas." All so-called bronzes attributed to Edgar Degas are posthumous forgeries. Additionally, to further perpetuate this fraud, all of these forgeries have counterfeit "Degas" signatures applied. Edgar Degas never signed or dated any of his mixed medium models. How do auction houses, museums, galleries and art dealers get away with selling and/or profiting from non-disclosed forgeries to potentially unsuspecting patrons that would otherwise land most in serious legal and civil trouble? Gary Arseneau artist, creator of original lithographs & scholar Fernandina Beach, Florida

Submit a comment

All comments are moderated. If you would like your comment to be approved, please use your real name, not a pseudonym. We ask for your email address in case we wish to contact you - it will not be made public and we do not use it for any other purpose.

Email*
 
Name*
 
City*
 
Comment*
 

Want to write a longer comment to this article? Email letters@theartnewspaper.com

 

Share this