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Sale of Contemporary Art at Sotheby's Paris achieves €19.8 M; Joan Mitchell painting sells for €3,569,500 
Highest Price for Joan Mitchell since 2008 – €3.6m for a work from her Grande Vallée series (1983). Photo: Sotheby's.
PARIS.- Results for Part I of the Contemporary Art Sale rewarded Sotheby’s strategy of offering a rigorously selected, high-quality ensemble of 32 lots, combining quality of execution, large formats, key dates in artists’ careers, prestigious provenance and market-freshness. International connoisseurs were out in force as the session yielded €19.8 million against a pre-sale estimate of €10.3-14.7m, helping Sotheby’s Paris to post a record annual total for contemporary art (from two sales) of €51m in 2013.

The work in greatest demand was Joan Mitchell’s monumental La Grande Vallée XIII (279.4 x 200cm), which soared past estimate to €3,569,500 – the highest price for a work by Mitchell since 2008 (lot 13). This is one of the finest paintings from her landmark Grande Vallée series of 20 works produced between Autumn 1983 and Autumn 1984.

The previous record price for Simon Hantaï – €720,750 for his 1969 Etude at Sotheby’s sale of the Marcel Brient Collection in Paris in September 2012 – was pulverized as his 1960 m.a.5 (Mariale) soared to €2,561,500 (lot 15, est. €500,000-700,000), a remarkable price reflecting the painting’s historical importance as one of just eight works in Hantaï’s first Mariales, m.a. series. The work had never previously been offered on the international market, and attracted high-end competition from no fewer than seven international bidders.

One of the highest prices of the Evening Sale, €1,553,500, went to a market-fresh work by Nicolas de Staël, Sicilian Temple (1953), one of the first three landscapes De Staël painted after his return from Italy (lot 3, est. €800,000-1,200,000).

Interest in works by Zao Wou Ki shows no sign of abating. Three paintings, each representative of a different stage in his career, were offered here at auction for the first time – led by 1.12.64, a major work with furious brushwork and a sophisticated palette that set a new French record for Zao Wou Ki of €2,561,500 (lot 11, est. €1-1.5m). The two other works had been acquired directly from the artist and transmitted to the current owners by descent. They fetched €901,500 (1.11.86, lot 12, est. €400,000-600,000) and €601,500 (18.4.79, lot 24, est. €200,000-300,000) – prices in excess of what similar works by Zao Wou Ki have been bringing recently in Hong Kong or Beijing.

Works from the Second School of Paris also featured strongly in the sale, including five by Pierre Soulages. All sold, led by his impressive Peinture 195 x 130cm, 1957 at €1,553,500 (lot 4, est. €1.3-1.8m).

All three 1950s paintings by the abstract artist Serge Poliakoff – currently the subject of an important retrospective at the Musée d’Art Moderne de la Ville de Paris – respected their estimates to sell for €577,500 (lot 5, est. €400,000-600,000), €481,500 (lot 6, est. €350,000-450,000) and €217,500 (lot 20, est. €200,000-300,000) respectively.

The Evening Sale also saw a 1967 work by Cy Twombly, offered for auction for the first time, sell for €325,500 (lot 14, est. €200,000-300,000). Conceptual works included Claude Lévêque’s Le Grand Soir (2009), in the form of a chandelier made from neon, which sold in line with estimate for €73,500 (lot 28, est. €60,000-80,000).



Today's News

December 6, 2013

Every end is a new beginning: New Musée Fin-de-Siècle opens in Brussels

The Norton Simon Museum presents an installation of a portrait by Francisco de Goya y Lucientes

Sale of Contemporary Art at Sotheby's Paris achieves €19.8 M; Joan Mitchell painting sells for €3,569,500 

Transport intersects with art in Naples' ever-expanding network of "art stations"

Jean-Honoré Fragonard portrait makes £17 million at Bonhams and sets new world record

Top dollar for American art at Bonhams New York; Rockwell illustrations triple estimates

Rare "Bat" Lamp leads Important Tiffany Sale at Sotheby's New York on 18 December

Nye and Company announce sale featuring Property from the Collection of Dustin Hoffman

With just fourteen lots, Bruce Lee artefacts fetch over HK$2 million at Spink China

"Expression: A Philosophical Portrait of Humankind" opens at Ben Brown Fine Arts in Hong Kong

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