Pablo Picasso: Master Drawings from an Important Private Collection and Living Contemporary were two of the most anticipated sales in Wrights
spring auction season. On April 25, 2013 sales achieved outstanding results for modern and contemporary design and artwork.
Comprised of 13 lots, Picasso: Master Drawings totaled $1.7M, selling 77% by lot and 87% by value. The top lot of this dedicated auction was a 1943 drawing of Picassos mistress, Dora Maar, entitled Buste de Femme (Lot 5). It sold for $746,500. A 1970 pencil and ink drawing, Le Peintre et Son Modèle I (Lot 8) drew numerous competing bids, cumulating in an impressive final result of $446,500. Nature Morte au Gramophone (Lot 2) also performed exceptionally well, selling for $242,500.
Living Contemporary proceeded after Picasso: Master Drawings. A stylish, curated sale of art and design, Living Contemporary achieved a total of $3M, selling 75% by lot and 79% by value. Fresh works from private collections, including the collection Joseph and Janet Shein, drew wide international interest. The top lot of Living Contemporary was an untitled work on paper by iconoclast artist Christopher Wool with the word PRANKSTER broken over three lines.The lot opened at $100,000 and competition brought a final value of $506,500. Other works by Christopher Wool, with estimates ranging from $200 to $200,000 attracted spirited bidding, demonstrating that Wright picked a perfect moment in the market to present works by this popular contemporary artist.
Other highlights in Living Contemporary include:
· Lot 101: Julian Stanczak, Frigit Light. Estimate: $15,000-20,000. Result: $43,750
· Lot 138: Bruno Romeda, untitled. Estimate: $7,000-9,000. Result: $36,250
· Lot 150: Christopher Wool, untitled. Estimate: $70,000-90,000. Result: $98,500
· Lot 160: Félix Gonzáles-Torres, untitled (Warm Water). Estimate: $60,000-80,000. Result: $104,500
· Lot 133: James Lee Byars, untitled. Estimate: $10,000-15,000. Result: $31,250
· Lot 159: Vija Celmins, untitled portfolio. Estimate: $30,000-40,000. Result: $47,500
· Lot 182: Al Held, untitled. Estimate: $10,000-15,000. Result: $22,500
· Lot 210: Edward Ruscha, Roughly 92% Angel, But About 8% Devil. Estimate: $3,000-5,000. Result: $12,500
· Lot 221: Julio Le Parc, Continual Mobile Transparent. Estimate: $100,000-150,000. Result: $230,500
· Lot 242: Philip Pearlstein, model in Kimono on Eames Chair. Estimate: $40,000-50,000. Result: $62,500
· Lot 246: Alex Katz, Red Coat. Estimate: $30,000-40,000. Result: $50,000
For the full results of both Pablo Picasso: Master Drawings from an Important Private Collection and Living Contemporary auctions, visit www.wright20.com.