Pablo Picasso
Portrait of Angel Fernández de Soto
Edouard Manet
Self-Portrait with a Palette
Picasso, Manet lead auctions in London, June 2010 ‘Portrait of Angel Fernández de Soto’, 1903, a Blue Period masterpiece by Pablo Picasso (1881-1973), sold for £34.8 million at Christie’s £152.6 million sale, and Manet’s ‘Self Portrait with a Palette’ achieved £22,4 million at Sotheby’s £112.1 million auction]]>
June 24th 2010, source: Sotheby’s and Christie’s
At Christie’s, the top price was paid for Portrait of Angel Fernández de Soto, 1903, a Blue Period masterpiece by Pablo Picasso (1881-1973), which sold for £34,761,250 / $51,585,695 / €41,922,068. Offered at auction by The Andrew Lloyd Webber Foundation, a charity which focuses on the promotion of arts, culture and heritage in Britain, it was acquired by an anonymous telephone bidder. It had been acquired by the Foundation at auction in New York in May 1995 for $29,152,500.
‘Frauenbildnis (Portrait of Ria Munk III)’, one of the last great female portraits painted by Gustav Klimt (1862-1918), sold for £18,801,250 / $27,901,055 / €22,674,308 against an estimate of £14 million to £18 million. ‘Le baiser’, 1969, by Pablo Picasso (1881-1973) realized £12,137,250 / $18,011,679 / €14,637,524. ‘Parc de l’hopital Saint-Paul’, 1889, by Vincent van Gogh (1853-1890) achieved £9,001,250 / $13,357,855 / €10,855,508
At Sotheby’s, Edouard Manet’s museum-quality masterpiece ‘Self Portrait with a Palette’ sold for £22,441,250 ($33,087,379 / €26,907,089), setting a new auction record for the artist; André Derain’s ‘Arbres à Collioure’, from the Vollard trove, made £16,281,250 ($24,005,075/€19,521,241), double the previous record for the artist and a recordfor any Fauve painting at auction; and Henri Matisse’s ‘Odalisques jouant aux dames’ brought£11,801,250 /$17,399,763 / €14,149,715. The sale attracted buyers from no fewer than 13countries; of the lots sold, over 50% achieved prices in excess of the high estimate; and theaverage lot value for the works sold reached an exceptional £3.2 million. The sum achievedtonight brings the total of Impressionist & Modern Art sold by Sotheby’s London so far in2010 to an unprecedented £276 million.
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