Press Release
For Immediate Release
London | +44 20 7293 6000 | Matthew Weigman | [email protected] Mitzi Mina | [email protected] | Sarah Rustin | [email protected]
Sothebys Summer Sales of Impressionist & Modern Art Achieve A Combined Total of 127,557,000 / $199,325,581 / 148,939,050
Global Participation from more than 30 Countries Drives Impressionist & Modern Art Evening Sale Over High Estimate Exceptional Estate Collections Draw Bidders in Record Numbers Monets View of Venice, Le Palais Contarini Is the Star Lot of the Season at 19.7m / $30.8m / 22.9m
LONDON, 20 JUNE 2013 Today, Sothebys London Impressionist & Modern Art summer sales series concluded achieving a combined total of 127,557,000 (est. 99.8 - 140.8m; please see full breakdown below). Monets 1908 view of Venice, Le Palais Contarini, provided the highpoint of the week, becoming the top selling work of the London summer season, when it sold in a tense four-way bidding battle for 19,682,500 / $30,828,700 / 22,998,940.
Helena Newman, Chairman of Sothebys Impressionist & Modern Art Department, Europe, commented: Following last nights successful sale, todays further appealing offering of works from estate collections, together with a broader and a particularly high-calibre selection of Works on Paper, saw bidders drawn to each price level of the market, with extremely strong totals achieved throughout. James Mackie, Head of Sothebys Impressionist & Modern Art Day Sale, commented: Responding to todays market demand for supreme Works on Paper, we were extremely pleased to have offered such a fine selection, comprising museum-quality works across our sales and also in a dedicated Works on Paper Sale. Our Day Sale results too show the enthusiastic response of buyers to the rare and exceptional, with two lots fetching sums over a million pounds, and collectors showing a particular appetite for great early and Classic Impressionist works.
Exceptional Estate Collections Drew Participants in Record Numbers
Further to the success of the sale of property from distinguished estate collections in last nights evening sale, todays auctions provided further testimony to the enduring appeal of such works. Overall this week, estate property achieved a combined total of: 29,521,450. The Analytical Eye: The Branco Weiss Collection Achieved a combined total of 16,349,250 (est. 10.114.5m)
Professor Heidi Wunderli-Allenspach of Swiss Federal Institute of Technology (Eidgenssische Technische Hochschule) Zurich, comments: We are extremely pleased with the results of Sotheby's sales. The enthusiastic response from the art world to the collection that Branco Weiss assembled will in turn benefit an important programme at ETH, Society in Science, which was of such importance to Dr Weiss during his lifetime. The sum raised tonight will enable the testing of new research fields and further cultivation of young, highly talented researchers from across the globe, a programme which opens up new dimensions for the promotion of a new generation of researchers.
Property from the Collection of The Late Stanley J. Seeger Sold collectively for 6,424,500 (est. 3.6-4.9m)
Melanie Clore, Sothebys Chairman, Europe, said: We were privileged to have been entrusted with the superb works from great estate collections. The property from the Collections attracted determined bidders, illustrating the enduring appeal of great property fresh to the market with attractive estimates that come from the homes of collectors renowned for their unfailing eye and assured taste. Every sale of works from the Seeger Collection at Sothebys over the last twenty years has been received with enormous enthusiasm, and the offering this June were no exception, with examples of both an early Picasso of 1901 and a later very powerful work on red paper comfortably exceeding their top estimates. These exceptional results set the tone for the further wonderful offerings to come across our forthcoming sales including a beautiful Hockney of 1967 to be sold next week.
Property from the Gustav Rau Collection Sold to Benefit the Foundation of the German Committee for UNICEF Realised a combined total of 6,657,700 (est. 4.8-7.1m)
Dr. Jrgen Heraeus, Chairman of the German Committee for UNICEF, comments on the successful start of the sales from the Rau Collection for UNICEF at Sothebys: "This result is an additional evidence for the vision and the expertise of the collector Dr. Gustav Rau. He was happy that connoisseurs around the world appreciated his collection as valuable. However, he regarded his collection as a mean for a particular purpose - to support needy children. UNICEF Germany is grateful and proud to comply the legacy of this great philanthropist. The proceeds from all sales of the works of art will benefit the Foundation of the German Committee for UNICEF. They will aid to fund long-term assistance programmes including the support of the hospital founded by Dr. Rau in Eastern Congo. We hope that the treasures collected by Gustav Rau, delight art lovers. Every buyer can be sure that the children of this world will have the benefit."
Impressionist & Modern Day Sale Highlights
Vincent Van Goghs, Water Mill at Opwetten, sold for six times its pre-sale estimate for 1,314,500 (est.200,000-300,000) Two classic impressionist works by Henri Le Sidaner, Les Barques (est. 180,000-250,000) and Les Vielles Maisons, Qiumperl (250,000-350,000) also outstripped their pre-sale estimates to sell for 482,500 and 386,500 respectively.
Works on Paper
This weeks sales included a particularly strong offering of works on paper, received with much enthusiasm and realising a combined total of 22,460,675. Evening Sale Highlights Pablo Picassos treinte, one of the most vivid compositions executed by Picasso in his later years, doubled its pre-sale estimate to sell for 3,106,500 million/ $4,865,711 / 3,629,936 (est. 1.5-2m). Wassily Kandinskys 1928 work Ineinander set a new auction record for a work on paper by the artist, selling for 1,650,500 / $2,585,178 (est. 600,000-800,000).* The exceptionally rare edition of Pablo Picassos most celebrated set of etchings La Suite Vollard sold for 2,658,500 / $4,164,009, a new record for a Suite Vollard by a wide margin, and a new benchmark for a series of prints by the artist at auction. .**
Day Sale Highlights Mirs Dessin Prparatoire pour la Pomme de Terre, achieved 554,500 / $856,536 (est. 350,000-550,000). Vincent van Goghs widely published 1882 drawing Houses Seen from the Back Window of Siens Mothers House also exceeded pre-sale expectations selling for 446,500 / $689,709 (est. 300,000-400,000).
Auction Records Achieved this Week
Camille Claudel, La Valse, 5,122,500 / $8,023,372 (est. 1.5-2 million) Frantik Kupka, tude sur fond rouge 1,930,500 / $3,023,742 (est. 700,000 1 million) For a work on paper by Wassily Kandinsky, Ineinander 1,650,500 / $2,585,178 (est. 600,000-800,000) Pablo Picasso, Suite Vollard, 2,658,500 / $4,164,009 (est. 1.4-1.8 million) - a new record for a Suite Vollard by a wide margin, and a new benchmark for a series of prints by the artist at auction.
Sothebys Sales of Impressionist & Modern Art Sale Totals June 2013
Impressionist & Modern Art Evening Sale 19th June 2013 Impressionist & Modern Art Works on Paper Day Sale 20th June 2013
Impressionist & Modern Art Day Sale 20th June 2013
105,939,000 SALE TOTAL $165,932,256 123,678,394 PRE-SALE ESTIMATE TOTAL NUMBER OF LOTS SOLD 58
7,107,675 $10,979,226 8,305,326
14,510,325 $22,414,099 16,955,330
77,500,000-109,900,000
8,300,000-11,500,000
11,600,000-16,600,000
97
142
OVERALL COMBINED SALE TOTAL
127,557,000 $199,325,581 148,939,050
Notes to Editors *The previous record price for a work on paper by Wassily Kandinsky of 1,497,250 was set at Christies London in June 2008. **The previous auction record for Camille Claudel was established at Sothebys New York on 7th May 2013 when his 1905 bronze La Valse (Deuxime version) achieved $1,865,000.
***The previous record price of 1,558,790 for a Suite Vollard was realised at Galerie Kornfeld Bern in 2012.
FOR MORE NEWS FROM SOTHEBYS Visit: www.sothebys.com/en/inside/services/press/news/news.html Follow: www.twitter.com/sothebys & www.weibo.com/sothebyshongkong Join: www.facebook.com/sothebys Watch: www.youtube.com/sothebys Sothebys has been uniting collectors with world-class works of art since 1744. Sothebys became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sothebys presents auctions in eight different salesrooms, including New York, London, Hong Kong and Paris, and Sothebys BidNow program allows visitors to view all auctions live online and place bids in real-time from anywhere in the world. Sothebys offers collectors the resources of Sothebys Financial Services, the worlds only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sothebys Contemporary Art department, as well as Sothebys Diamonds and Sothebys Wine. Sothebys has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID). *Estimates do not include buyers premium and prices achieved include the hammer price plus buyers premium. Images are available upon request All catalogues are available online at www.sothebys.com or through Sothebys Catalogue iPad App.
Press Release
For Immediate Release
London | +44 20 7293 6000 | Matthew Weigman | [email protected] Mitzi Mina | [email protected] | Sarah Rustin | [email protected]
Global Participation from more than 30 Countries Drives Impressionist & Modern Art Evening Sale Above High Estimate to 105,939,000 / $165,932,256 / 123,789,394
Exceptional Estate Collections Draw Bidders in Record Numbers
Monets View of Venice, Le Palais Contarini Is the Star Lot of the Season at 19.7m / $30.8m / 22.9m
LONDON, 19 JUNE 2013 - Tonight, Sothebys London Evening Sale of Impressionist & Modern Art totalled 105,939,000, exceeding its pre-sale high estimate of 74-104 million. Driven largely by the strength of the diverse offerings fresh-to-the-market estate property, sculpture, and classic Impressionist works the sale attracted global competition. Monets 1908 view of Venice, Le Palais Contarini, provided the highpoint of the evening, becoming the top selling work of the London summer season, when it sold in a tense three-way bidding battle for 19,682,500 / $30,828,700/22,998,940.
Moments earlier in the sale, a pristine example of a quintessential work by Piet Mondrian, Composition with Red, Yellow and Blue (1927) - his most favoured combination - was fiercely contested by five bidders. The winning bid was cast by a telephone bidder and the work fetched a final sum of 9,266,500/ $14,514,119 (est. 4.5-6.5) a price reflecting the rarity of seminal works by the Dutch artist on the market. The auction was 81.7% sold by lot and was characterised by broad participation from bidders across 33 different countries on the telephones, in the saleroom and online. The sale saw a record number of participants from Asia in a London Impressionist sale. Melanie Clore, Sothebys Chairman, Europe, said: We were privileged to have been entrusted
with the superb works from great estate collections, which launched tonights lively sale. The property from the Collections of Branco Weiss and Stanley Seeger both attracted determined bidders, illustrating the enduring appeal of great property fresh to the market with attractive estimates that come from the homes of collectors renowned for their unfailing eye and assured taste. Every sale of works from the Seeger Collection at Sothebys over the last twenty years has been received with enormous enthusiasm, and tonights results were no exception, with examples of both an early Picasso of 1901 and a later very powerful work on red paper comfortably exceeding their top estimates. These exceptional results set the tone for the further wonderful offerings to come across our forthcoming sales including a beautiful Hockney of 1967 to be sold next week.
Helena Newman, Chairman of Sothebys Impressionist & Modern Art Department, Europe, commented: There was an extraordinary dynamic at play in the sale room. Established collectors -
drawn out by the quality of the estate collections presented in the sale competed with many of the new contenders in todays market. Record levels of participation were driven by a truly global audience across 33 countries in particular from Asia - who joined us in the room, on the phone and online. Presented with works of such outstanding quality, many of todays leading collectors competed vigorously, as was the case with Mondrians quintessential composition sought after by no fewer than five bidders. This kind of competition resulted in 98% of lots sold tonight achieving prices at or above estimate.
Exceptional Estate Collections Draw Participants in Record Numbers
Property from estate collections accounted for half of the lots offered this evening. Works were sought after by multiple bidders in nearly every case, testimony to the enduring appeal of great fresh-to-the-market property from distinguished private collections. The Analytical Eye: The Branco Weiss Collection Comprising works that embody the finest achievements of abstract art, the collection of entrepreneur Branco Weiss attracted fierce competition in this evenings saleroom. While almost two thirds of the sold lots exceeded expectation, as a whole the collection achieved a total of 15,880,500 / $24,873,627 (est. 9.713.9 m / $15.121.8m).
Property from the Collection of The Late Stanley J. Seeger Stanley Seeger was one of the greatest collectors of his generation. Tonight, six of his Picassos nearly doubled their combined pre-sale estimate when they sold for 6,287,000 / $9,847,328 (est. 3.2-4.4 million / $5.3-7.3 million). Further property from the collections will be offered at Sothebys London over the coming weeks. Please contact the press office for further information.
Auction Highlights
Tonights sale demonstrated the full scope of the Impressionist & Modern category, speaking to the wide-ranging taste of todays global collectors. The strong results reflected the demand for works across a wide range of schools and media:
Classic Impressionist Further to the success of Monets Le Palais Contarini this evening, two other works by the artist also achieved notable results, both exceeding pre-sale expectations. Le Pont de Bois, sold for 6,242,500 / $9,777,628 (est. 4-6 m) Lglise de Vernon, Temps Gris realised 4,562,500 / $7,146,244 (est. 3-4 m) Works on Paper Works on paper constituted over a third of the lots offered in the sale, realising 15,353,000 (est. 10.4- 14.3m). Pablo Picassos treinte, one of the most vivid compositions executed by Picasso in his later years, doubled its pre-sale estimate to sell for 3,106,500 million/ $4,865,711 / 3,629,936 (est. 1.5-2m). Wassily Kandinskys 1928 work Ineinander set a new auction record for a work on paper by the artist, selling for 1,650,500 / $2,585,178 (est. 600,000-800,000).* The exceptionally rare edition of Pablo Picassos most celebrated set of etchings La Suite Vollard sold for 2,658,500 / $4,164,009, a new record for a Vollard Suite set.** Sculpture All 13 sculptures offered in the auction found a buyer tonight, realising a total of combined total of 16,052,500 (est. 5.9 - 10.6 million). A new auction record for Camille Claudel was established when La Valse, Premire Version sold for 5,122,500 / $8,023,372 (est. 1.5 2 million), beating the previous record of $1,865,000 established at Sothebys New York earlier this year.*** Henry Moores Working model for draped reclining mother and baby outstripped its pre-sale estimate of 1.3-2 million to realise 3,554,500 / $5,567,413. Collectors battled for Barbara Hepworths 1959 bronze, Serene Head (Thea) which sold for over five times its pre-sale estimate 386,500 / $605,375 (est. 50,00070,000). Surrealist Works Surrealist works in the sale totalled 16,258,500 (est. 10.5 14.8m), led by Ren Magrittes LIde realised 4,562,500 / $7,146,244 (est. 1.8-2.5 million)
Auction Records
Camille Claudel, La Valse, 5,122,500 / $8,023,372 (est. 1.5-2 million) Frantik Kupka, tude sur fond rouge 1,930,500 / $3,023,742 (est. 700,000 1 million). For a work on paper by Wassily Kandinsky, Ineinander 1,650,500 / $2,585,178 (est. 600,000-800,000) For a Suite Vollard by Pablo Picasso, 2,658,500 / $4,164,009 (est. 1.4/1.8 million)
Impressionist & Modern Evening Sale Statistics
Sale Total: 105,939,000 / $165,932,256 / 123,789,394 (est. 74.5-104.9 m / $116.7-164.3m / 87- 122.6 m) Percentage sold by lot: 81.7% Percentage sold by value: 90.8% 98% of sold lots achieved prices at or above pre-sale estimate Of the 71 lots offered, 58 sold 24 lots over 1 million Average lot value: 1,826,534
Notes to Editors *The previous record price for a work on paper by Wassily Kandinsky of 1,497,250 was set at Christies London in June 2008. **The previous auction record for Camille Claudel was established at Sothebys New York on 7th May 2013 when his 1905 bronze La Valse (Deuxime version) achieved $1,865,000. ***The previous record price of 1,558,790 for a Suite Vollard was realised at Galerie Kornfeld Bern in 2012. FOR MORE NEWS FROM SOTHEBYS Visit: www.sothebys.com/en/inside/services/press/news/news.html Follow: www.twitter.com/sothebys & www.weibo.com/sothebyshongkong Join: www.facebook.com/sothebys Watch: www.youtube.com/sothebys Sothebys has been uniting collectors with world-class works of art since 1744. Sothebys became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sothebys presents auctions in eight different salesrooms, including New York, London, Hong Kong and Paris, and Sothebys BidNow program allows visitors to view all auctions live online and place bids in real-time from anywhere in the world. Sothebys offers collectors the resources of Sothebys Financial Services, the worlds only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sothebys Contemporary Art department, as well as Sothebys Diamonds and Sothebys Wine. Sothebys has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).
*Estimates do not include buyers premium and prices achieved include the hammer price plus buyers premium. Images are available upon request All catalogues are available online at www.sothebys.com or through Sothebys Catalogue iPad App.
+44 (0)20 7293 5000 F +44 (0)20 7293 5989 WWW.SOTHEBYS.COM
Sale Results
Sale L13006 Impressionist & Modern Art Evening Sale Grand Total Sold by Lot: Sold by Value: Lot 42 105,939,000 GBP (165,932,256 USD) (123,789,394 EUR) 81.7% 90.8% Price (GBP) Estimate (GBP) 15,000,000 - 20,000,000
London, Bond St
19 JUN 13 Exch Rate: Lots Offered: Lots Sold/Unsold: Buyer 1.57 71 58 / 13
19,682,500 ($30,828,700) (22,998,940) Claude Monet, Le Palais Contarini, Contarini oil on canvas, 1908
36 9,266,500 ($14,514,119) (10,827,877) 4,500,000 - 6,500,000 Piet Mondrian, Composition with Red, Yellow and Blue, Blue oil on canvas in the artist's original frame, 1927 51 6,354,500 ($9,953,053) (7,425,214) 3,000,000 - 5,000,000 Wassily Kandinsky, Studie fr Herbstlandschaft mit Booten (Study for Autumn Landscape wi with th Boats), Boats) oil on board, 1908 56 6,242,500 ($9,777,628) (7,294,342) Claude Monet, Le Pont de Bois, Bois oil on canvas, 1872 4,000,000 - 6,000,000
43 5,122,500 ($8,023,372) (5,985,625) 1,500,000 - 2,000,000 Camille Claudel, La Valse, Premire Version, Version bronze, 1892-93 ***RECORD FOR THE ARTIST AT AUCTION*** 5,010,500 ($7,847,946) (5,854,754) 4,500,000 - 6,500,000 49 Salvador Dali, La Musique or L'orchestre rouge or Les sept arts, arts oil on canvas,1957 48 4,562,500 ($7,146,244) (5,331,267) Ren Magritte, L'Ide, L'Ide oil on canvas, 1966 1,800,000 - 2,500,000
61 4,562,500 ($7,146,244) (45,331,267) 3,000,000 - 4,000,000 Claude Monet, L'glise de Vernon, temps gris, gris oil on canvas, 1894 38 3,554,500 ($5,567,413) (4,153,422) 1,300,000 - 2,000,000 Henry Moore, Working model for Draped Reclining Mother and Baby, Baby bronze, 1982, edition of 9 plus 1 artists proof 30 3,106,500 ($4,865,711) (3,629,936) 1,500,000 - 2,000,000 Pablo Picasso, treinte, treinte white wax crayon and pencil on red paper, 1971
---PLEASE SEE SEPARATE POST-SALE PRESS RELEASE---
Specialist in Charge: Helena Newman
Press Office Contact: Mitzi Mina, Sarah Rustin
Please note all prices include buyer's premium. Sale session totals are net aggregate figures plus premiums. **Estimates do not include buyer's premium** SOTHEBY'S: REGISTERED AT THE ABOVE ADDRESS NO. 874867
+44 (0)20 7293 5000 F +44 (0)20 7293 5989 WWW.SOTHEBYS.COM
Sale Results
Sale L13008 Impressionist and Modern Works on Paper Grand Total (Including Buyer's Premium): Sold by Lot: Sold by Value: 7,107,675 ($10,979,226)
London, Bond St
Exch Rate: 20 JUN 13 1.54
66.9% 68.6%
Lots Offered: Lots Sold/Unsold:
145 97 / 48
Lot Price (GBP) Estimate (GBP) Buyer 158 554,500 ($856,536) 350,000 - 550,000 Asian Private Joan Mir, Dessin pour La Pomme de Terre, 1928, black crayon and chalk on paper, 63.2 by 48.2cm. 176 446,500 ($689,709) 300,000 - 400,000 European Private Vincent van Gogh, Houses seen from the back window of Sien's Mother's House, pencil, pen and ink on paper laid on card 26 by 45.5cm, 1882 137 326,500 ($504,345) 220,000 - 320,000 UK Trade Henri Matisse, Tte de jeune fille, 1951, brush and Indian ink on paper, 44 by 33.4 cm. 196 302,500 ($467,272) 250,000 - 350,000 European Collector Marc Chagall, Le soleil couchant, signed, oil on paper, 66.1 by 50.9cm, painted in 1961 185 278,500 ($430,199) 220,000 - 280,000 European Private Marc Chagall, Bouquet de Paris, Watercolour, gouache, pastel, crayon and oil on paper, 1971, 78.8 by 57cm 213 254,500 ($393,126) 120,000 - 180,000 Asian Private Paul Klee, Schtzerin (Protectress), 1932, watercolour and pencil on paper, 48 by 31cm. 147 230,500 ($356,053) 150,000 - 200,000 European Trade Schiele, Liegende (Reclining Nude), charcoal and watercolour on paper, 45 by 29.2cm, 1918 165 218,500 ($337,517) 200,000 - 300,000 UK Trade Salvador Dali, Montre molle et escargot dans une salle de bain avec deux baigneuses, mixed media collage, 63by50cm, 1975 129 194,500 ($300,444) 180,000 - 250,000 European Collector Marc Chagall, Musicien et danseuse, gouache, gouache, pastel and brush and ink on paper, 45.5 by 35.4cm. 1943. 232 152,500 ($235,567) 120,000 - 180,000 European Private Marc Chagall, Fleurs et amants, watercolor, pastel and tempera on paper, 65.2 by 52.2 cm, executed 1935 172 152,500 ($235,567) 70,000 - 100,000 US Private Claude Monet, Barque choue prs de St-Adresse, 1865-70 black crayon on paper, 20.7 by 31.7cm Specialist in Charge: James Mackie Press Office Contact: Sarah Rustin
Please note all prices include buyer's premium. Sale session totals are net aggregate figures plus premiums. **Estimates do not include buyer's premium** SOTHEBY'S: REGISTERED AT THE ABOVE ADDRESS NO. 874867
