Leading Picasso, Monet & Cézanne at New York’s $ 400 Million Art Auction

Three paintings by contemporary art titans sold at auction for a total of almost $ 166 million (4 134 million), confirming the vibrancy of the global market.

A total of more than $ 408 million was paid for contemporary art, including Picasso, Monet, Cézanne, Gauguin, Magritte, Dali and Renoir, during a contemporary art sale at New York’s Sotheby’s on Tuesday night.

At the live broadcast auction on Instagram, ten works each sold for more than $ 10 million, attracting about 20,000 viewers.

Pablo Picasso’s “Femme nue Couchée”, the emotional image of the artist’s muse’s lover Marie-Thérèse Walter as a multi-faceted sea creature, cost $ 67.5 million. This is one of the highest prices ever for a portrait of Walter, whose relationship with Picasso began when he was 17 years old.

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Brooke Lampley, head of Sotheby’s’s global art sales department, says the 1932 painting was “a deeply lyrical dedication to the artist Marie-Thérèse.” The portrait with its floating, infinitely flexible limbs continues to charm as it beautifully depicts Picasso’s muse as the final expression of his genius.

Six of Picasso’s works were sold at auction, including L’Étreinte, which depicts a man and woman embracing in the bedroom and costing $ 14.1 million.

Claude Monet’s The Grand Canal և Santa Maria della Salute sold for $ 56.6 million. Photo by Amer Ghazal / Rex / Shatterstock

Claude Monet’s Le Grand Canal et Santa Maria della Salute, completed in 1908, became the most expensive venue in Venice sold by the artist at auction for $ 56.6 million. Another Monet, Les Arceaux de Roses, Giverny, sold for $ 23.3 million.

After the auction, Lampley said: “The two titans of contemporary art, Pablo Picasso and Claude Monet, acted as market flag bearers tonight. Both works showed artists at the height of their power, each representing something different. a moment of transformation that will play a key role in defining their respective careers. ”

Paul Cézanne Glade The Glade, which sold for $ 41.7 million, was one of three classic Impressionist paintings sold by the Toledo Museum. Art: set up a fund to fund art achievements. The others were Pierre-Auguste Renoir’s “Naked Wipe” and Henri Matisse’s “Flowers or Flowers Before a Portrait”.

One third of the works sold had not been auctioned for at least 20 years. Sotheby’s says Asian collectors have been active in bargaining, which is typical of recent high-end auctions.

Helena Newman, Sotheby’s Impressionist Contemporary World’s World Director, said the overall auction sale, the third in the history of the auction house, “reflects the constant demand for classic Impressionist and contemporary works from our global collectors.”

“We saw high prices for the works of contemporary art giants, from Monet և Cézanne to Modigliani, Matisse, Picasso, Giacometti de Kooning.

A total of $ 246.1 million was raised in the second auction of contemporary Harry և Linda McLaughlin’s collection this week. The sale was ordered by a judge as part of the settlement of a spousal divorce.

The first tranche of the hammer was removed in November last year. sold for $ 676 millionThe total amount of the collection is more than $ 922 million.

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