The First Art Newspaper on the Net Established in 1996 United States Monday, April 27, 2015

Works by Pierre Soulages Bring the Two Highest Prices at Sotheby's in Paris
Pierre Soulages, "Peinture", 28 février 1970. 130x162 cm. Sold for: 720,750 €. ©Sotheby’s/ArtDigital Studio.
PARIS.- Sotheby’s biannual Evening Sale of Contemporary Art in Paris realised the remarkable total of €8,051,100 (£7,302,584 /$11,947,027), far surpassing pre-sale expectations of €4,680,000-6,440,000* ($6,938,240-9,547,493/£4,192,797-5,769,575). The auction saw all but one lot sell, achieving the joint-highest sell-through rate of 96.3% for a Sotheby’s Paris Evening Sale of Contemporary Art, and established a sold-by-value rate of 98.1% - the second-highest for an Evening Sale of Contemporary Art at Sotheby’s Paris.

Commenting on the results of this evening’s Contemporary Art Evening Sale, Grégoire Billault, Vice President and Director of the Contemporary Art Department in Paris, said: “We are delighted with the results of tonight’s auction which surpassed the pre-sale high estimate by more than €1.5 million and established the joint highest sell-through rate of 96.3% for an Evening Sale of Contemporary Art staged at Sotheby’s Paris. We also set a new artist record for Günther Uecker. With works consigned from international collections, such as ‘Le village fantasque’ by Jean Dubuffet which came from the US, the level of bidding in tonight’s sale from across the globe and the overall success of the results achieved, Sotheby’s Paris continues to demonstrate its importance as an international selling centre.”

The two top-selling lots of this evening’s sale were both works by Pierre Soulages. Peinture – 27 février 1954, which Soulages produced for his first exhibition in New York, at the Kootz Gallery, saw competition from two bidders on the telephone who drove the final price paid to €888,750 ($1,318,816/£806,122), in excess of its pre-sale high estimate of €600,000-800,000. An additional work in the sale by Pierre Soulages also achieved the second-highest price: Peinture - 28 février 1970 sold to a telephone bidder for the sum of €720,750 ($1,069,521/£653,741), well above pre-sale expectations of €300,000-400,000.

A further highlights of tonight’s auction was Jeff Koons' Elephant (Purple), which was generously donated by the artist in 2009 to the Fondation Claude Pompidou and was sold tonight to benefit one of the foundation’s most recent projects dedicated to treating Alzheimer’s Disease. The work exceeded its pre-sale high estimate (estimate: €300,000-400,000) and finally sold for €400,000 ($593,560/£362,812) to a buyer on the telephone after a bidding battle with two other clients in the saleroom. Elephant (Purple) comes from Koons' Easyfun series, and represents the first time a work by the artist has been offered at Sotheby’s saleroom in Paris.

Commenting on the sale of Elephant (Purple), Bernardette Chirac, President of the Fondation Claude Pompidou and wife of France’s former President, said: “This remarkable purple mirror is a very charming piece and I’m delighted that it sold tonight for such a good price. It was sold to benefit the Fondation Claude Pompidou and the money raised will specifically enable the construction of a hospital in Nice (South of France), dedicated to Alzheimer disease. This hospital, the Institut Claude Pompidou, will become a research centre on this disease. I am extremely grateful to Jeff Koons, a friend of Madame Georges Pompidou, for this magnificent present to the foundation.”

The cover lot of the Contemporary Art Evening Sale catalogue, Yves Klein’s 1961 F90, sold within its estimate of €500,000-700,000 to a buyer on the telephone for €504,750 ($748,999/£457,823) and Günther Uecker’s Energetic bilds feld commanded €444,750 ($659,965/£403,401), well in excess of its pre-sale estimate of €120,000-180,000, smashing the previous auction record for the artist of €294,800 by almost €150,000.

All four works in the sale from the Pierre Leroy Collection performed extremely well and realised a combined total of €369,000 ($547,560/£334,694), against a pre-sale estimate of €200,000-280,000. Andy Warhol’s Portrait of Jamie Wyeth – one of Warhol's Society Portraits from the early 1970s– was the highlight of the group and sold for €114,750 ($170,278/£104,082), against an estimate of €100,000–120,000.

Selling to a private French collector, Jean Dubuffet's 1964 Le Village Fantasque commanded €624,750 ($927,067/£566,667), a sum more than double its pre-sale high estimate of €200,000-300,000, becoming the third-highest price in tonight’s sale. Le Village Fantasque, a splendid example of Dubuffet's Hourloupe cycle, has remained in the same collection since 1966.

Sotheby's | Sale of Contemporary Art | Grégoire Billault | Günther Uecker | Pierre Soulages |

Today's News

December 10, 2009

Exceptional Self Portrait by Sir Anthony van Dyck Sells for a Record US$13,521,704

World War II Veteran had Hitler's Art Book on Bookshelf

Audrey Hepburn's Dress Takes Nearly $100,000 at Auction

Greek Museum Exhibition Bares All on Sex in Ancient Times

Glasgow's Contemporary Art Collection Boosted by Art Fund International Scheme

Works by Pierre Soulages Bring the Two Highest Prices at Sotheby's in Paris

AGA Reaches Project Milestone with Closure of Temporary Gallery

Kunsthalle Fridericianum Presents Exhibition by Artist Carlos Amorales

First Solo Exhibition at Xavier Hufkens for Sterling Ruby

Local Artists to Create "The Neighborhood Project" at Detroit Institute of Arts

Krannert Art Museum to Present the Works of Reverend Howard Finster

Hauser & Wirth to Show Guillermo Kuitca's The Warhol Series

Audain Foundation's $2.5 Million Grant Supports UBC Museum

Bjorn Braun, Winner of Blauorange 2009, at Kunstverein Braunschweig

Groundbreaking Exhibition of Abstract Art Organized by Newark Museum

French Artist Draws Attention to Women's Killings in Mexico

Miami Art Museum Names Nine New Trustees

Book Talk: German Photographer Aims Lens at Polar Wildlife

Kresge Art Museum Director Elected to Print Council of America

Most Popular Last Seven Days

1.- Archaeologists find 5,000-year-old skeletons in an ancient village in northern India

2.- Exhibition at the Louvre museum offers rare glimpse of the ancient Thracian culture

3.- Most Britons ignorant over Battle of Waterloo: National Army Museum poll

4.- Sotheby's to offer the historic collection of Mary, Duchess of Roxburghe

5.- Van Gogh and Rothko: Two masterpieces of modern art unveiled at Sotheby's London

6.- Recently discovered self-portrait headlines 'Leonardo da Vinci and the Idea of Beauty' at MFA Boston

7.- Supermodel Gisele Bundchen, world's top-earning model, makes teary last catwalk turn

8.- Le Corbusier legacy threatened by revelations in new books that architect was 'fascist'

9.- Groundbreaking photographs of India's Sidi community go on show in the UK for the first time

10.- William and Kate: royal parents with a modern image

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, .


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
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

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