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Sotheby's Paris sale of Impressionist & Modern Art realises a total of $19,332,204
Matta, Le Pendu (The Hanged Man), huile sur toile, 38 1/4 x 51 3/8 in. Peint en 1942. Sold : 1,800,750 €/


PARIS.- Sotheby's Paris Evening Sale of Impressionist and Modern Art realised a total of €14,437,900/$19,332,204 (Estimate €11,184,000-15,705,000/$14,975,264-21,028,838). The sale established sell-through rates of 74% by lot and 85.7% by value. The sale was highlighted by strong prices achieved by surrealist works and an auction record was set for a watercolour by Man Ray.

Commenting on the sale, Thomas Bompard, Director of Sotheby’s Impressionist and Modern Art Department in Paris, said : ̋Collectors were pleased with the quality works from private collections on offer and rewarded us with sale results which were solidly within our expectations. The prices achieved for Roberto Matta and Wifredo Lam fully justify our strategy of placing them within the Surrealist group in a Paris sale.

STRONG PRICES ACHIEVED FOR SURREALIST WORKS:
Selling well-above its pre-sale estimate, Max Ernst’s La Carmagnole (1927), the most important Ernst painting of the 1920s to appear at auction for many years, realised €2,528,750 /$3,385,971 (est. €1,500,000–1,800,000 /$2,070,000-2,480,000). The painting's violence, with its fearsome apparitions produced by frottage, harks back to the Middle Age and the Danse Macabre, while simultaneously anticipating the cataclysmic events to come in 1930s Europe.

Coming from the artist’s Flower-Shell series, Max Ernst’s Fleurs exotiques (1928) sold for €840,750/$1,125,756 (est. €400,000–600,000 /$555,000-830,000). This sophisticated painting reflects Ernst's technical mastery and readiness to adapt to the varied possibilities opened up by his frottage technique, which he had perfected in 1925.

Max Ernst’s Nature à l’aurore (1937) from the former Joe Bousquet collection was one of the finest Forest paintings in Ernst's oeuvre and achieved €564,750/$756,195 (est. €300,000–400,000 / $414,000-555,000).

Appearing at auction for the first time, Roberto Matta's Le Pendu realized €1,800,750 /$2,411,186 (est. €1,000,000–1,500,000 / $1,380,000-2,070,000). The painting belonged to New York's Museum of Modern Art before entering a European private collection 40 years ago. The piece belongs to the series of mythical paintings which demonstrate Matta's mastery of automatism.

Man Ray’s Le Beau Temps, sold for €516,750/$ 691,923 (est. €120,000-180,000/$ 166,000-248,000), setting an auction record was set for a watercolour by Man Ray.





Today's News

December 10, 2011

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Guggenheim announces retrospective devoted to the sixty-year career of John Chamberlain

Dickens and London, a new exhibition exploring one of the world's most influential authors

Exhibition of monochromatic paintings by Bosco Sodi at The Pace Gallery

Sotheby's Paris sale of Impressionist & Modern Art realises a total of $19,332,204

1911 signed Thomas Alva Edison photo sells in New Hampshire's RR Auction for $31,554

Rare Cheyenne quilled shirt among successful highlights of fine native American art auction at Bonhams

Coke secret formula gets first new home at World of Coca-Cola museum since 1925

ARTisARTisART: New selection from the collection of Moscow Museum of Modern Art

Cain Schulte Contemporary Art in San Francisco presents "Director's Choice" exhibition

After 39 years, Fitchburg Art Museum Director Peter Timms announces retirement

China's stone workshops silenced by European crisis

New York debut of Anne Morgan Spalter at Stephan Stoyanov/Luxe Gallery

Art Miami solidifies its role as collectors Fair of choice during Art Week Miami 2011

World record achieved in the fine watches, wristwatches and clocks auction at Bonhams

Chicago-area shop has rare Spider-Man comic book

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