The First Art Newspaper on the Net Established in 1996 United States Tuesday, September 2, 2014


Homme a l'epee Sells for 7 Million and Leads Sotheby's Sale of Impressionist & Modern Art
Claude Monet, Route de Giverny en hiver, 1885. Estimate: £3-4 million, sold for: £3,849,250. Photo: Sotheby's.
LONDON.- Sotheby’s Evening Sale of Impressionist & Modern Art tonight brought a total of £33,531,150/ US$55,323,044/ €39,479,519* – a figure comfortably within the pre-sale expectations of £26,750,000-37,270,000 – and saw 23 of the 27 lots offered find buyers. The sale achieved the best sellthrough rates since last June for an Evening Sale in this category at Sotheby’s - a sold-by-lot rate of 85.2% and a sold-by-value rate of 90.8%. Furthermore, eight works sold for prices in excess of £1 million, with an average lot value of £1,457,876. The auction saw active bidding within the room and on telephones from international collectors. Pablo Picasso’s Homme à l’épée (lot 8) was the top-selling lot of the evening when it realised £6,985,250/US$11,524,964/ €8,224,421, comfortably within its estimate of £6-8 million, and this represents the highest price of the Impressionist & Modern Art sales series in London this summer.

Commenting on tonight’s results, Melanie Clore, Co-Chairman of Impressionist & Modern Art, Sotheby’s Worldwide, said: “Tonight’s auction saw strong prices achieved across the board and this is a very positive message for the market. We were particularly delighted with the £7 million realised for Picasso’s Homme à l’épée - the highest price of the season. The sell-through rate of 85.2% was the highest that we have seen in an Evening Sale in this field at Sotheby’s since last summer. This impressive performance is testament to our discriminating selection process when assembling the sale to respond to current market conditions. This evening, we’ve seen once again that there is still a very healthy ongoing market for great Impressionist and Modern works of art.”

The top prices of the evening were:
 Pablo Picasso’s Homme à l’épée from July 1969 (lot 8), which sold to a private collector for £6,985,250/US$11,524,964/ €8,224,421 against an estimate of £6-8 million. The richly coloured and monumental depiction of a musketeer from the artist’s late oeuvre is one of his most important and iconic subjects of this period. Throughout his career Picasso projected the different sides of his own identity in a number of ways and the musketeer was one of the most celebrated subjects and guises of his latter years. The painting starred in the seminal exhibition of Picasso’s work at the Palais des Papes in Avignon in 1970 and was selected for the poster advertising the exhibition.

Discussing the price achieved for Picasso’s Homme à l’épée tonight, Helena Newman, Director of the Evening Sale and Vice-Chairman of the Impressionist & Modern Art department, Sotheby’s Worldwide, said: “This striking painting from 1969, which had never been at auction before this evening, came to the market at a time when the interest in and assessment of Picasso’s late oeuvre has never been stronger. It was extremely satisfying to see the painting so admired during its pre-sale exhibition. The price it achieved tonight is indicative of its rarity, quality and iconic nature, having been selected for the poster advertising the seminal exhibition of the artist’s work at the Palais des Papes in Avignon in 1970.”

 A second work by Picasso - a larger-than-life nude entitled Nu debout from 1968 (lot 17) - also performed strongly tonight, selling for £4,297,250/ US$7,090,033/€5,059,575, in excess of the estimate of £3-4 million; it was the second highest lot of the sale. The painting, which belongs to a series of major works that Picasso undertook on the theme of the female nude in the late-1960s, had been in the same private collection for more than 35 years. Executed when Picasso was a man in his late-80s, it is a striking example of the breathtaking flood of invention and fantastic vitality that characterised Picasso's late years.

 Claude Monet was represented in the sale by a quintessential winter landscape entitled Route de Giverny en hiver (lot 11), which sold to an Asian private collector for £3,849,250/ US$6,350,878/ €4,532,100, near its high estimate of £4 million. The classic Impressionist scene from 1885 depicts the snow-covered road leading to the town of Giverny, where the artist lived at the time and where he painted some of his most celebrated works.

 The sale was also distinguished by strong prices for sculpture. In particular, three works by Alberto Giacometti from a private European collection (lots 5, 6 and 7) were highly sought-after and sold for a total of £7,403,750/ US$12,215,447/ €8,717,162, above the combined estimate of £4.2-6.3 million. Diego (Tête au col roulé) was the subject of the lengthiest bidding-battle and soared above its estimate of £1-1.5 million to sell for £2,729,250/ US$4,502,990/ €3,213,414. Dating from the early-1950s, the plaster sculpture merges Giacometti’s talents as both a painter and a sculptor. Prominent British artist Barbara Hepworth’s unique largescale stone carving Three Standing Forms - inspired by her triplets - ranked among the most important works by the artist ever to appear at auction and it sold for £780,450/ US$1,287,664/ €918,900, against an estimate of £700,000-1,000,000.

 The eye-catching vista of Istanbul by Paul Signac entitled La Corne d’or. La Suleimanie (lot 15) attracted interest from a number of prospective buyers and sold to a private collector for £1,385,250/ US$2,285,524/ €1,630,991, against an estimate of £1.2-1.8 million.

Sotheby's | Pablo Picasso | Claude Monet | Barbara Hepworth | Alberto Giacometti | Paul Signac |


Today's News

June 25, 2009

Homme a l'epee Sells for 7 Million and Leads Sotheby's Sale of Impressionist & Modern Art

Retrospective of Pioneering Artist Dan Graham Opens at Whitney Museum

Hospital Radiologists Analyze Brooklyn Museum's Mummies and Make Discovery

Seattle Art Museum Presents an Intimate Tribute to the Late Andrew Wyeth

First Major U.S. Exhibition in Nearly 40 Years to Focus Exclusively on Joaquín Torres-García

Two Northwest Arkansas Museums Receive IMLS Grant

Alte Pinakothek Hosts Exhibition by Viennese Architects Christian Jabornegg and András Pálffy

Mexico's INAH Publishes Bio Cultural Heritage in Indigenous Hands Book by Eckart Boege

Chip Kidd to Design Poster for Inaugural Boston Book Festival

Gerard Hemsworth's Hidden Agenda on View at the Aldrich Museum of Contemporary Art

New Photography Exhibition by Lucinda Chua on View at Bermondsey Square

Exhibition Examines the Intriguing but Relatively Unappreciated Aspect of Medal Work

Viewpoint of the Defeated Turns 50 Years Old

Royal Institute of British Architects Present Robin Hood Gardens Exhibition

National Museum of African Art "Artful Animals" Exhibition Includes Activities for People Who Are Blind

Discount Package Makes Brandywine Valley this Summers Hot Spot

Terra Foundation for American Art Teaching Fellowships and Visiting Professorships Recipients

Minervamation Animation Camp July 13 through 17 at the Clark

Museum Shortlisted for The National Lottery Awards

CalArts' Redcat and the Getty Co-Present the West Coast Premieres of Yvonne Rainer's Ros Indexical and Spiraling Down

Most Popular Last Seven Days



1.- Neanderthals and humans were both living in Europe for between 2,600 and 5,400 years

2.- First major exhibition to explore the historical legacy of African cultural astronomy opens at LACMA

3.- Carlo Mollino's idealized vision of the female form in new book published by Damiani/Crump

4.- Tate Britain displays works by Frank Auerbach from the collection of Lucian Freud

5.- In grave robber territory, locals abuzz over Alexander-era tomb; Largest of its kind ever discovered in Greece

6.- Lambert Collection opens an ambitious project housed at the Sainte-Anne Prison

7.- Centre for Contemporary Art Singapore announces the first 18 artists in the CCA Residencies progamme

8.- Historic Kings Theatre is transformed into major New York Performing Arts venue

9.- Thirteen's American Masters Series co-produces new documentary about photographer Dorothea Lange

10.- Sotheby's New York to offer 548 Edward Weston photographs as a single lot this September

Related Stories



Important Judaica and Israeli & international art bring a combined $7.9 million at Sotheby's New York

Sotheby's New York to offer The Andy Williams Collection of Navajo blankets in May 2012

Buhl Collection brings $12.3M - Highest ever total for a private collection of photos sold at auction

'Casablanca' piano sells in NY for more than $600K

No bidder found for letters by 'Peanuts' creator

Sotheby's names President and CEO William F. Ruprecht as Chairman of the Board of Directors

Sotheby's announces first ever selling exhibition of contemporary art from central Asia and the Caucasus

Mick Jagger love letters written to American singer Marsha Hunt sold at London auction

House of Illustration raises 68,750 in "What are they like?" Celebrity Auction at Sotheby's London

Swiss contemporary art generates enthusiasm among collectors at Sotheby's



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site