PARIS.- Tonight
Sothebys Impressionist & Modern Art Evening Sale realised an overall total of 19,759,050 /$25,891,271 /£16,777,651 (est. 14,584,20020,831,800/$19,154,305-27,359,653/ £12,412,069-17,729,169), the second-highest total in this category at Sothebys Paris. The top lot of the sale was Pablo Picassos Femme Assise en Robe Grise which exceeded pre-sale expectations and sold for 3,793,500/ $4,970,813/ £3,221,107 (est. 2.5-3.5m/ $3.2-4.5m). The work was offered from the personal collection of his granddaughter Marina Picasso. A record price at auction in France was established for Alberto Giacometti with the sale of one of the artists earliest painted bronzes, Figurine, which fetched 2,673,500/ $3,503,221/ £2,270,102 (est. 1-1.5m /$1,312,000-1,968,000). The sale was 73.3% sold by lot and 90.4% sold by value, with five works selling for over 1million.
Thomas Bompard, Head of Sothebys Paris Impressionist & Modern Art Department said, Tonights sale featured exemplary works by Picasso, Giacometti, Léger, Kandinsky, de Chirico and Miró in La Galerie Charpentier. Sothebys offered the best, and the sale results were even better! Of all the major auctions that have taken place in Paris this summer season, tonights Impressionist & Modern Art sale stands out as one in which as many as four of the top lots were hammered down at sums that exceeded expectations, thanks to those discerning collectors who have shown their confidence in Sothebys France.
WORKS FROM THE COLLECTION OF MARINA PICASSO
This evenings sale offered the very first opportunity for collectors to bid for two works by Pablo Picasso that formed part of the collection of the artists granddaughter, raising a combined total of 5,187,000/ $6,796,785/ £4,404,435. The Sale will fund the noble causes supported by Marina Picasso to benefit children and adolescents in difficulty in Vietnam, France and Switzerland.
The works date from 1938 and 1943 and reflect Picassos new, combative aesthetic approach and militant engagement during years of war. Palette et Tête de Taureau was sought after by x bidders, on the phone, in the room and online and after prolonged bidding sold above the high estimate for 1,393,500/ $1,825,973/ £1,183,238 (est. 1-1.5m/$1.3-1.9m). Painted in 1938 just a year after Guernica, the dramatic tension is still apparent. The work exudes a malaise and terror through its strong black lines on a grisaille ground.
The second powerful work, Femme Assise en Robe Grise, also attracted competitive bidding, and finally fetched 3,793,500/ $4,970,813/ £3,221,107 (est. 2.5-3.5m/$3.2-4.5m). The painting shows Dora Maar with dark rings around her eyes, portrayed as a sort of black sphinx in an Elizabethan dress that resembles a suit of armour.
Marina Picasso believes that helping to look after orphaned children or suffering adolescents and surrounding them with affection has been a constant aim of my life. The sale of these two paintings will enable me to support various organizations involved in these fields.
THE COLLECTION OF COMTESSE VIVIANE DE WITT
Following Sothebys Paris sale of Contemporary Art last night, the works offered in tonights auction performed extremely well, bringing a combined total of 3,272,000/ $4,287,465/ £2,778,295 (combined pre-sale est. 1.3- 1.95m/ $1.7-2.6 /£1.1-1.65m). This brings the total for works from The Collection of Comtesse Viviane de Witt sold at Sothebys Paris this week to 13,378,900/ $15,118,157/£11,372,065 (est. 9,049,200-12,792,800/ $10,225,596-14,455,864/ £7,691,820-10,873,880).
A highlight of the works offered from the collection, and appearing on the market for the first time since the 1980s, was one of Alberto Giacomettis earliest painted bronzes, Figurine, which dates from the early 1950s. Giacometti gave it as a gift to his friend, the painter Balthus. Following extended bidding from five bidders, the work sold well above the high estimate for 2,673,500/ $3,503,221/ £2,270,102 (est. 1-1.5m/ $1,312,000-1,968,000) establishing a record auction price in France for the artist.
Viviane de Witt is married to Jérôme de Witt a descendant of Napoleon's brother Jérôme, King of Westphalia and became one of France's first female auctioneers in 1978, swiftly making her mark on the country's male-dominated auction world.
THE COLLECTION OF ALEX & ELISABETH LEWYT
Eminent American art patrons, Alex & Elisabeth Lewyt assembled one of the most famous collections of late 19th/ early 20th century European art. Following last nights sale of Contemporary works from the Collection, tonights sale brings the combined Paris sales total of works from the collection to 2,824,625/ $3,191,826/ £2,400,931 (pre-sale est. for the group of works 2,156,000-3,216,000/ $2,436,280-$3,634,080/£1,832,600-£2,733,600). Previously Sothebys New York sales in May 2013 of selected works from the Collection brought a total of 79.4m/ $104.2m/ £67.1m/, bringing the global Sothebys total to date to 82.2m/$107.4m/ £69.9m.
Befitting Mr and Mrs Lewyts deep devotion to philanthropy, proceeds from the sale of their collection will benefit a charitable foundation to be established in their name. The foundation will support the causes that they both were passionate about, especially those concerned with animal welfare.
FURTHER SALE HIGHLIGHTS
Wassily Kandinskys 1925 Blauer Kreis no. 2 (Blue Circle II) embodies the artists philosophical reflection on the celestial beauty of the circle. With its explosion of incandescent reds and pinks, this is one of the most intense paintings conceived by Kandinsky during his Bauhaus period. It was acquired by its current owner at the legendary Bourdon Sale in Paris in 1990 1,676,700/ $2,197,046/ £1,423,706 (est. 1-1.5m/$1,312,000-1,968,000).
A monumental 1930 triptych by Fernand Léger, Queues de Comète sur Fond Noir (Comet Tails on a Black Ground), fetched 1,777,500/ $2,329,147/ £1,509,297 (est. 1 -1.5m/ $1,312,000-1,968,000). The work evokes the interwar glamour of the Riviera. It was commissioned by the famous American couple Sara and Gerald Murphy immortalized by F. Scott Fitzgerald as Dick and Nicole Diver in Tender Is The Night for their legendary Villa America in Cap dAntibes.
Alberto Giacomettis Torse, conceived in 1925 and cast during the sculptors lifetime, is often considered his first modern statue. Tonight the work commanded 697,500/ $913,969/£592,256 (est. 600,000-800,000/$787,000-1,050,000).
SURREALIST HIGHLIGHTS
Among the spectacular array of Surrealist works offered in tonights sale, a particular highlight was Giorgio de Chiricos L'Enigme du Départ (c.1925) which sold for 841,500/ $1,102,660/£714,528 (est. 700,000-1,000,000/$919,000-1,312,000). The work integrates all the iconic elements of his most admired metaphysical period paintings from which are increasingly rare on the international market.
Marcel Duchamp was well represented in tonights sale, in particular with the sale of his Monte Carlo Bond (No.27) of 1924 which fetched 337,500/ $442,243/ £286,575 (est. 200,000-300,000/ $256,000-384,000).
Three works from different periods in Francis Picabias career performed well tonight: Transparence (Portrait of Madame Picabia) from 1925-28 fetched 493,500/ $646,658/ £419,037 (est. 350,000-500,000/$459,000-656,000); Femme au Masque (c.1938), continuing on from Picabias famous Monster series begun in the mid-1920s, sold for 157,500/$206,380/ £206,380 (est. 150,000-200,000/$197,000-262,000); and Sans Titre, a composition from his abstract period, from the collection of Welsh artist Barry Flanagan, reached 217,500/ $285,001/ £184,682 (est. 200,000-300,000/$262,000-394,000).
RECORD PRICES ACHIEVED TONIGHT
Léon Spilliaerts work Digue dOstende aux Réverbères exceeded expectations, fetching 361,500/ $473,692/ £306,954 sum twice its pre-sale estimate of 100,000-150,000/$128,192,000 and a world record price at auction for the artist.
Alberto Giacomettis Figurine, which dates from the early 1950s, sold well above the high estimate for 2,673,500/ $3,503,221/ £2,270,102 (est. 1-1.5m /$1,312,000-1,968,000) establishing a record price at auction in France for the artist.
Dorothea Tannings The Young Student of 1946 fetched 145,500/ $190,656/ £123,546 (est. 120,000-180,000/ $154,000-231,000), a record price at auction for the artist in France.
A world record price at auction for a work in ceramic by Joan Miró was established with the sale of Grand Vase for 601,500/ $788,176/ £510,741 (est. 150,000-200,000/$192,000-256,000).