Rare Works by Monet, Mondrian and Picasso Leading at Sotheby’s London Summer Auction Season

Exceptionally rare and important works by Monet, Mondrian and Picasso will be the highlight of upcoming
Sotheby’s Impressionist & Modern Art Evening Sale. Unique view of Venice by Claude Monet, Le Palais Contarini from 1908, is the top lot of the London summer auction season. Estimated to fetch a £15-20 million ($23-31 million), this artwork was painted during his three month trip to Venice in 1908 – the year of one of the first Venice Biennales. Claude Monet, Le Palais Contarini from 1908 The painting which represents the peak of the artist’s career was widely exhibited around the world, including the major Turner, Whistler, Monet exhibition at Tate Britain in 2005. Piet Mondrian’s Composition with Red, Yellow and Blue from 1927 is a pristine example of the artist’s unique style. Estimated to fetch £4.5-6.5 million ($7-10 million) this extremely rare for a work of this quality was widely exhibited across Europe from the year it was executed and from 1929 until 1990 it was in a private Swiss collection. Pablo Picasso’s Le Peintre, 1967, the image of the musketeer – a common theme in his later works which are now particularly sought after by collectors – allowed Picasso to explore the spirit of a past age, reflecting the influence of Rembrandt, Velázquez and El Greco on his art. Placed in front of an easel, the figure can be seen as a disguised portrait of Picasso himself. Estimated to fetch £5-7 million ($7.7-10.9 million), this painting is full of the artist’s characteristic energy, vitality and inventiveness. The Evening Sale is estimated to fetch in excess of £75 million ($116.5 million). Pablo Picasso’s Le Peintre from 1967 Piet Mondrian’s Composition with Red, Yellow and Blue from 1927
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Andy Warhol’s Iconic Artworks at Phillips de Pury’s New York Editions Sale

Phillips de Pury & Company will offer total of 327 artworks at its upcoming New York Editions Evening and Day Sale. Its Editions Sale, to be held on October 29th, at the auction house’s 450 Park Ave headquarters includes many important works by some of the most prominent artists, such as Andy Warhol, Pablo Picasso, Gerhard Richter, Jasper Johns, Cy Twombly, Georges Braque and Alexander Calder. “Our Evening Editions sale is a classic example of the natural evolution of the best curatorial interests on an international level and exemplifies the department’s continued focus on bringing exceptional works-on-paper and objects produced in editions to market.” says Kelly Troester and Cary Leibowitz, Co-Heads, Editions Department, New York. Certainly, the most significant, when it comes to Andy Warhol’s works to be offered is his portrait of Marilyn Monroe (Marilyn) – a classic screenprint in the apple green version from 1967, which could fetch an estimated price of $60,000-80,000. Other Warhol’s notable works include Diamond Dust Shoes, 1980, a unique color variant with diamond dust estimated at $200,000-300,000; Moon Walk suite, 1987, a set of two images based on the famous Neil Armstrong/MTV! image estimated at $100,000-150,000; Liz, 1964, an offset lithograph in the most vibrant colors you will find on the market and a gift to the owner from Leo Castelli estimated at $25,000-35,000; Wild Raspberries, 1959, with hand-coloring and gold leaf estimated at $30,000-40,000; Mao, 1972, with a blue face estimated at $30,000-40,000; Flash – November 22, 1963 portfolio, 1968, based on JFK’s assassination estimated at $40,000-60,000; and two $ (Quadrant), 1982 estimated at $60,000-80,000 each. We single out some works by notable European and American artists, such as one of the most important Pablo Picasso’s images in all his printmaking oeuvre – Blind Minotaur Guided by a Young Girl in the Night, 1934, estimated at $70,000-90,000; Gerhard Richter’s Grün-Blau-Rot, 1993 an emotive series of 115 unique oil-on-canvas works, estimated at $200,000-300,000; Jasper Johns, Target, 1974, a painterly screenprint in richly saturated colors estimated at $180,000-250,000; Cy Twombly’s Natural History Part I Mushrooms, a portfolio of 10 lithographs with collage and touches of hand-coloring estimated at $80,000-120,000, and Georges Braque’s serene still life, Les amaryllis, 1958, aquatint is estimated at $20,000-30,000.

Picasso’s “Nature morte aux tulipes” and Warhol’s “Statue of Liberty” Expected to Sell for $35 million Each

Pablo Picasso’s “Nature morte aux tulipes” and Andy Warhol’s “Statue of Liberty” will be the highlights of New York autumn sales at
Sotheby’s and Christie’s. These two works could fetch an estimated price of $35 – $50 million each, when go under the hammer next month. “Nature morte aux tulipes” is actually portrait of Picasso’s young lover and muse, Marie-Thérèse Walter, who was depicted in many of his works. Marie-Thérèse Walter was just 17 years old when she met the already married Picasso. In 1935, she bore him a daughter. Art experts consider that this painting is one of his most important works. “The young woman, with her Grecian profile and athletic, statuesque frame, inspired Picasso’s greatest achievements in a variety of media,” said Simon Shaw, Sotheby’s Impressionist and Modern Art department in New York. “Nature morte aux tulipes is exceptional within the series for its double-meditation on this subject, demonstrating the influence of Surrealism on his output: the artist builds a sculpture of Marie-Thérèse, and then paints that sculpture as a sexually-charged still life, allowing him to dissect her form on many levels,” he added in a statement. One more Picasso’s painting of Marie-Thérèse, “Femme à la fenêtre” from 1936, will also be included in the Sotheby sale on November 5, 2012, with a pre-sale estimate of up to $20 million. Second artwork, that is expected to sell for at least $35 million is Warhol’s “Statue of Liberty” – the first of its kind in 3D and the only example of the artist’s experimentation with the technique still privately owned. It will go under the hammer at Christie’s on November 14, 2012. According to Christie’s, Warhol painted the red and green work showing multiple misaligned images of the iconic landmark in 1962 as a prelude to his Death and Disaster series. “Andy Warhol’s Statue of Liberty is one of the most important statements on America and on painting in the 1960s,” said Brett Gorvy, the chairman and international head of Post-War and Contemporary Art. “It is a famous icon of the American dream, alongside Warhol’s most popular American subjects such as the Coca-Cola bottle, the Campbell’s soup-cans and his Marilyns and Elvis.” Two other paintings from the 3D series are part of museum collections in Switzerland and Pittsburgh.
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