Picasso Painting of Mistress Swells to $41.5 Million in $163 Million Sotheby's Sale

  • November 08, 2012 20:39

  • Email
Nature Morte aux Tulipes by Picasso brought $41.5 million at Sotheby's.
Sotheby's
Claude Monet, Champ de blé. Signed and dated Claude Monet 81 (lower left). Oil on canvas, 65.5. by 81.5 cm. Painted in 1881. Est. $5/7 million.
Sotheby's

A phone bidder picked up Pablo Picasso's 1932 painting of his lover and muse Marie-Therese Walter for $41.5 million to lead a mixed-results Sotheby's sale in New York on Thursday.

“Nature Morte aux Tulipes” combines an image of Walter as a bust on a pedestal within a still-life with some suggestive fruits.

Estimated at $35 million to $50 million, the Picasso was the top lot in Sotheby’s evening Impressionist and modern art sale. Another Picasso of Walter, titled "Femme à la fenêtre," achieved $17.2 million. His drawing “Le Viol,” or “The Rape,” from 1940, went for a steep $13.5 million.

Several lots performed notably above estimates, including Fernand Leger's "Les Contructeurs" which garnered more than double its low estimate to bring $1.37 million.

A Monet landscape titled "Champ de Ble," sold by the Cleveland Museum of Art for its acquisition funds, went for $12 million, well above its high estimate of $7 million. Also, Monet's "Iris" went for around its high estimate to fetch $6.1 million while his "La Maison Dans Les Roses"(est. $25 million to $3.5 million) went unsold.

Renoir's still life "Vase de Roses et Dahlias' fetched $1,082,500, from an estimate of $400,000-$600,000.

A few of the big-name unsolds were a dark Degas self-portrait and a Rodin bronze nude, both estimated at $1.2 million to $1.8 million.

Picasso's "Plant de Tomate" failed to entice a buyer with an estimate of $10 million to $15 million nor did his "Femme a la Robe Verte," estimated at $6 million to $8 million.

Expected to garner above a total of $169 million, the sale brought in $163 million. In all, 46 of 67 lots went unsold, or 69%.

Christie's sale totaled $205 million the night before, below expectations .

Tags: european art

  • Email

More News Feed Headlines

Joseph Mallord William Turner (1775-1851) Sunset, 1830-5.

After 13 Years, ARTFIXdaily to Cease Daily News Service

  • ArtfixDaily / August 15th, 2022

ARTFIXdaily will end weekday e-newsletter service after 13 years of publishing art world press releases, events and ...

Read More...
Einar and Jamex de la Torre, Critical Mass, 2002 (Courtesy of the Cheech Marin Collection and Riverside Art Museum).

Inaugural Exhibition at The Cheech Highlights Groundbreaking Chicano Artists

  • ArtfixDaily / July 7th, 2022

One of the nation’s first permanent spaces dedicated to showcasing Chicano art and culture opened on June ...

Read More...
Jacob Lawrence,.  .  .  is life so dear or peace so sweet as to be purchased at the price of chains and slavery?—Patrick Henry,1775 , Panel 1, 1955, from Struggle: From the History of the American People, 1954–56, egg tempera on hardboard.  Collection of Harvey and Harvey-Ann Ross.  © 2022 The Jacob and Gwendolyn Knight Lawrence Foundation, Seattle / Artists Rights Society (ARS), New York.

Crystal Bridges Explores the U.S. Constitution Through Art in New Exhibition 'We the People: The Radical Notion of Democracy'

  • ArtfixDaily / July 7th, 2022

Original print of the U.S. Constitution headlines exhibition sponsored by Ken Griffin (who purchased it for $43.2 ...

Read More...
Salvador Dalí (1904–1989), Christ of St John of the Cross, 1951, oil on canvas © CSG CIC Glasgow Museums Collection

Dalí / El Greco Side-by-Side Exhibit Prompts: 'Are They Really Paintings of the Same Thing?'

  • ArtfixDaily / July 6th, 2022

From July 9 to December 4, 2022, The Auckland Project in the U.K. will unite two Spanish masterpieces from British ...

Read More...

Related Press Releases