picasso sells for 179m in new york
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

World auction record

Picasso sells for $179m in New York

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchroniclePicasso sells for $179m in New York

Auctioneer Jussi Pylkkanen
New York - Arab Today

A Picasso masterpiece and a Giacometti statue smashed world records Monday for the most expensive art sold at auction, fetching more than $179 million and $141 million respectively in New York.

Pablo Picasso oil painting, "The Women of Algiers (Version 0)," sold for $179,365,000 after 11 and a half minutes of furious bidding from four to five prospective buyers at Christie's, where two auction rooms were packed.

It was the highest price for any work of art sold at auction, Christie's said, but fell short of the $300 million reportedly paid privately by Qatar for Paul Gauguin's painting "When Will You Marry?" in February.

Applause erupted when auctioneer and global president of Christie's Jussi Pylkkanen finalized the Picasso sale having cut through the frenzied excitement of the bidding war with laughter and jokes.

Just minutes later, the bronze statue by Swiss artist Alberto Giacometti "Man Pointing" broke the record for the most expensive sculpture sold at auction, fetching $141.285 million.

Other world auction records were set for works by artists Cady Noland, Jean Dubuffet, Diane Arbus, Chaim Soutine and Peter Doig, Christie's said.

The auction house listed the buyers as anonymous but said clients from Asia, the Gulf, Russia, Europe and the United States had competed for the top 10 lots of the sale.

Overall, bidders came from 35 different countries, it said.

Exponential growth in the art market, particularly for modern and contemporary works, is attributed to a growing number of private investors around the world and burgeoning interest in Asia and the Gulf.

The previous world record for an artwork sold at auction was $142.4 million, set for British painter Francis Bacon's "Three Studies of Lucian Freud," which was sold by Christie's in New York in 2013.

Giacometti had also held the previous record for the most expensive sculpture sold at auction, formerly occupied by his "Walking Man I" that fetched $104.3 million in London in 2010.

- 'Extraordinary' number of new buyers -

"Buyers are coming to Christie's from all over the globe and tonight we saw a huge amount of competition against American bidding from European buyers and also from Asian buyers," Pylkkanen told reporters.

"The number of buyers competing at the very, very highest levels who have only been in market for last five to six years was extraordinary."

The Picasso and Giacometti both soared over their pre-sale estimates of $140 million and $130 million respectively.

The 1955 painting by Picasso is one of the last major paintings by the Spanish master still in private hands. He painted several versions until he settled on the nearly four-by-five-foot (1.2-by-1.5-meter) canvas.

There are only six casts in the world of "Man Pointing," a wiry, nearly six-foot (1.8-meter) man holding up one hand and pointing with the other.

One is at the Tate in London and another in New York's Museum of Modern Art.

Christie's sold more than $705 million worth of art at its 35-lot auction of masterpieces spanning more than a century from 1902 to 2011, and scored at its swanky New York premises at Rockefeller Plaza.

The third top lot was another Picasso oil painting, "Buste de femme," which sold for $67.365 million.

In joint fourth place was a painting from Claude Monet's "The House of Parliament" series and Mark Rothko's 1958 "No 36, Black Stripe," which both fetched $40.485 million.

The proceeds from public art auctions rose 26 percent from $12.05 billion in 2013 to $15.2 billion in 2014, and grew 422 percent between 2000 and 2014, according to Artprice, a leader in art market information.

"This will be the sale of the century," Artprice CEO Thierry Ehrmann told AFP earlier of the Christie's evening auction.

New York's spring auction season began last week at Sotheby's, which sold a Vincent van Gogh painting for more than $66 million to an Asian collector. Sales continue until Thursday.
Source: AFP

 

themuslimchronicle
themuslimchronicle

GMT 09:02 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 09:03 2018 Monday ,22 January

Letter shows Simone de Beauvoir's passion

GMT 13:25 2018 Saturday ,20 January

Vienna marks 100 years since artistic heyday

GMT 06:15 2018 Thursday ,18 January

Macron's tapestry gesture risks rousing

GMT 08:47 2018 Monday ,15 January

Japan sewers clean up their act

GMT 10:43 2018 Friday ,12 January

Ancient mining ops buildings found

GMT 08:58 2018 Wednesday ,10 January

Show rescues photo comics

GMT 07:49 2018 Sunday ,07 January

sparks UK royal wedding row
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

picasso sells for 179m in new york picasso sells for 179m in new york

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 09:46 2017 Sunday ,27 August

Norway fines tourist guide for scaring polar bear

GMT 07:33 2018 Monday ,08 January

CIA chief denies agency role in Iran unrest

GMT 08:55 2017 Tuesday ,15 August

Shares of Fiat Chrysler surge

GMT 00:09 2017 Friday ,27 October

Alphabet quarterly profit climbs

GMT 09:53 2017 Saturday ,08 April

Mexico inflation hits new seven-year high

GMT 18:28 2012 Friday ,09 March

All balanchine

GMT 07:09 2015 Friday ,11 December

Syria government scrapes barrel

GMT 15:57 2017 Tuesday ,24 October

2018 Olympic torch ceremony hit by poor weather

GMT 03:22 2017 Wednesday ,02 August

At least 29 killed in Afghan Shiite mosque attack
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle