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Impressive results for Pablo Picasso: Master Drawings and Living Contemporary auctions at Wright
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.


CHICAGO, IL.- Pablo Picasso: Master Drawings from an Important Private Collection and Living Contemporary were two of the most anticipated sales in Wright’s 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 Picasso’s 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.






Today's News

April 27, 2013

Major retrospective of works by Salvador Dali opens at Reina Sofia Museum in Madrid

Van Goghs back home in renewed Amsterdam museum ahead of its reopening next week

Three generations of Wyeth: The Collection of Eric and Cynthia Sambol to be offered at Christie's

Sotheby's Spring Evening Sale of Impressionist & Modern Art in New York to be held on 7 May

Napoleon's ring, Franz Joseph's hair sold at the Dorotheum auction house in Vienna

Third solo exhibition in Berlin of artist George Condo's work opens at Sprüth Magers

French billionaire Francois-Henri Pinault to return relics bought at Christie's to China

Cleveland Museum of Art acquires dramatic painting by seminal 20th century German artist Max Beckmann

"Cross-border: Contemporary female artists from the Arabian Mediterranean region" opens at the ZKM

Austrian artist Maria Lassnig opens first solo exhibition at Capitain Petzel in Berlin

Stunning Frank Miller Dark Knight original art at Heritage Auctions comics event in May

Exhibition of new work by Steven Claydon opens at David Kordansky Gallery

Isabella Stewart Gardner Museum appoints Anne-Marie Eze new Associate Curator

Paris Photo Los Angeles opens to public after successful preview

Impressive results for Pablo Picasso: Master Drawings and Living Contemporary auctions at Wright

Prints by Bacon, Lichtenstein, and Warhol featured in Swann Galleries' auction

Famous 'lost' nickel sells for $3.17 million at Heritage Auctions' Central States Event

The Renaissance Society presents a new installation by renowned interdisciplinary artist William Pope.L

Exhibition of recent work by James Esber opens at Pierogi

Going Horizontal: Seven artists turn painting on its side at Studio Vendome

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5.- Torun gingerbread: the ancient luxury with a secret recipe

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8.- Exhibition presents a pictorial itinerary that ranges from Monet to Matisse

9.- Survey looking at the way Punk culture used the language of sexuality on view at the Museum of Sex

10.- 'A New Way of Seeing: The History of Art in 57 Works' by Kelly Grovier published by Thames & Hudson



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