Skip to main content
  • Editions
    • International
    • China
    • France
    • India
    • Australia
    • United Kingdom
    • Hong Kong
    • Canada
    • Brazil
    • Germany
    • Russia
  • Magazines
    • Art+Auction

      Modern Painters

  • Blogs
  • Videos
  • Photo Galleries
  • Blouin Art Sales Index
  • Gallery Guide
  • Art Sites
  • Boutique
  • Log in

    Not a member?

    Sign up

    Log in

    |Forgot your password?
    OR
    Sign up
  • Sign up
Home
  • Visual Arts
    • Visual Arts Home
    • Contemporary Art
    • Old Masters/Renaissance
    • Impressionism & Modern Art
    • Ancient Arts & Antiques
    • Traditional Arts
    • Museums
    • Reviews
    • Columnists
    • Features
  • Performing Arts
    • Performing Arts Home
    • Film
    • Music
    • Theater & Dance
  • Architecture & Design
    • Architecture & Design Home
    • Design
    • Architecture
  • Artists
  • ART PRICES
  • Market News
    • Market News Home
    • Art Fairs
    • Auctions
    • Collecting
    • Galleries
    • Databank
    • Art & Crime
    • ART PRICES
    • Columnists
  • Style & Society
    • Style Home
    • ART Parties/Scene
    • Fashion
    • Food & Wine
    • Jewelry & Watches
    • Autos & Boats
  • Events
  • Travel
  • Blogs
  • Videos
  • Slideshows
  • Newsletter Sign Up
  • Homepage RSS
  • facebook
  • twitter
  • foursquare
  • tumblr

Search form

International Edition
May 24, 2012 Last Updated: 7:42:AM EDT

Dalí's Surreal Day at the Beach Caught a Record at Christie's Tidy $136 Million London Sale

Undefined
  • Email
  • Print
  • Save
  • Tweet
  • Pin It
View Slideshow

Dalí's Surreal Day at the Beach Caught a Record at Christie's Tidy $136 Million London Sale

: 
by Judd Tully
Published: February 10, 2011

Though lacking firepower on par with the blockbuster Picasso its arch-rival Sotheby's had on Tuesday evening, Christie's knocked down a marathon evening sale in London that tag-teamed Impressionist and Modern Art with the "Art of the Surreal" to bring in a market-assuring $136,316,959 (£84,879,800). That tally overshot the £72.5 million low presale estimate, but fell shy of the £107.1 million high estimate.

Sixty of the 76 lots sold, for a decent buy-in rate of 21 percent by lot and 16 percent by value. Two artist records were set, three lots sold for over five million pounds, and 23 made over one million pounds. For Americas keeping score, 34 lots sold for over a million dollars.

Even Christie's senior-level experts were surprised by the snazzy outcome, having anticipated a patchy evening with potential for more casualties. "It went better than I expected," said a relieved Thomas Seydoux, head of Christie's Impressionist and Modern European division, just moments after the two-hour sale. "I thought it was going to be more measured."

The evening was helped by a global spread of bidders, with buyers hailing from 20 different countries. Twenty-three percent of the lots went to the United Kingdom, 49 percent to Europe (including Russia), 23 percent to the United States, and five percent to Asia.

Remarkably, or so it seemed, a Chinese buyer bidding via telephone nabbed Giorgio Morandi's austere and fresh-to-market 1953 still life "Natura Morta" for $2.2 million (£1.4 million) against an estimate of £700,000-1 million. Before the recent sea change of buying patterns, Morandi would have been expected to appeal to European or American taste.

There appeared to be no end to Russian bidding, as one otherwise anonymous phone bidder — deliberating at agonizingly slow measures via Christie's Zürich-based Russian art specialist Sandra Nedvetskaia — went on a shopping spree, nabbing Pierre Bonnard's large-scale and color-fused "Terrasse a Vernon" (1923) for a record and top-lot $11,578,056 (£7,209,250) on a £3-4 million estimate. It had been in the same private collection since 1935.

Share This Story

  • Tweet This

  • Post to Stumble Upon
  • Email to a Friend

Meanwhile, a mystery client (believed to be from the Ukraine region) who was on the phone with Sedoux also
bought Picasso's 1901 "Sur
l'Imperiale Traversant la Seine," an early oil-on-cardboard Parisian city scene of figures riding atop an open-decked omnibus (est. £2-3 million), for $7.8 million (£4.9 million), as well as Andre Derain's
Fauve-period 1905 landscape "Bateaux a Collioure" for $9.4 million (£5,865,250) on an estimate of £4-6 million. 

[view-slideshow]

Not everyone was thrilled by the dominance of the anonymous telephone pair. As the bidding crawled along in a slow-motion ping-pong match between the two, one impatient and prominent London art dealer who was seated in the room passed along a note to this writer complaining about the snail's pace, noting the auctioneer "had no authority and no control of the room."

Even so, Nedvetskaia's bidder (paddle #841) contributed mightily to the evening, also buying Kees van Dongen's cloyingly theatrical "L'Actrice Lili Damita" (circa 1926) for a whopping $4.9 million (£3.1 million) on a £1.5-2 million estimate. The mystery buyer also chased other major works, underbidding the large and über-decorative Natalia Goncharova "Les Arbres en Fleurs (Pommiers en Fleurs)" from 1912, which sold to Seydoux's bidder for $6.4 million (£4 million) against a presale bracket of £2.5-3.5 million. Collector Samir Traboulsi, of Paris and London, was another in the deep-pocketed cast of underbidders. (The underbidder on the Derain was London dealer Alan Hobart of Pyms Gallery.)

Several of the sale's top performers — including the 1901 Picasso Seine scene — came to London courtesy a four-lot trove deacessioned by the Art Institute of Chicago, which all together realized $16 million (£10 million). Of that museum-provenanced crew, George Braque's big, sand-dappled 1938 composition "Nature Morte a la Guitare (Rideaux Rouge)" sold to another telephone bidder for $6.4 million (£3,961,250) on a £3.5-5.5 million estimate.

Another highlight bearing an impeccable provenance was the late and rather stumpy Edgar Degas pastel-and-charcoal-on-joined-paper "Danseuses Jupes Jaunes (Deux Danseuses en Jaune)" from circa 1905 — a painting in which neither ballerina looking anything like Natalie Portman
— sold to another telephone bidder for $8.7 million (£5.4 million) against an estimate of £3-5 million. New York dealer William Acquavella was the underbidder.

The only major casualty of the evening was Paul Gauguin's bad-luck  homage to his departed friend Vincent van Gogh, titled "Nature Morte a 'L'Esperance,'" which tanked at £5.8 million (est. £7-10 million).

While the Impressionist and Modern section took the lion's share of the tally — $100 million (£62 million), all in all — the smaller Surrealist section was red hot, realizing $37 million (£23 million).

The cover lot of that once revolutionary group, René Magritte's sexy and generously scaled "L'Aimant" (1941) led the charge, selling to Nedvetskaia's voracious bidder for $7.6 million (£4.7 million) on a £3.5-5.5 million estimate. It last sold at auction at Sotheby's New York in May 1981 for $170,000.

Not far behind was the finest Salvador Dalí to hit the market in some time, a sensational beach scene featuring the severed head of the great Spanish poet Federico Lorca and other mayhem. The Fundació Gala-Salvador Dalí bought it for an artist-record $6.5 million (£4 million) against a £2-3 million estimate.

Buyers seemed enamored of world-class provenance, as a ghostly, figurative sculpture by Max Ernst, "Les Asperges de la Lune," conceived in 1935 and cast and painted in 1973 (just three years before the artist's death), made $2.1 million (£1.3 million) on an estimate of £250-350,000. It came from an edition of six, of which two are painted. The other one resides at the Museum of Modern Art in New York.

Private London-based collector Catherine Lagrange, standing at the back of the salesroom, beat a determined underbidder seated directly in front of her. Striding out of the salesroom, she declined to comment on her purchase.

The evening action returns to Sotheby's Thursday evening with a single-owner sale from the estate of a storied and secretive European collector. It has London buzzing in anticipation.

Like what you see?

Sign up for our DAILY NEWSLETTER and get our best stories delivered to your inbox.

Go to top ↑
View Slideshow
Market News, Features, Impressionism & Modern Art, Style & Society, Art Market, People, Impressionist & Modern Art, Style
Share:
  • Tweet
  • Email to a Friend

Comments

0 Comments
+ Add Yours
Log in or register to post comments
Oldest first Newest first

RELATED ARTICLES

Want Fetching Art? Australian Entrepreneur Launches Artfido.com
What If Your Prized Painting Turns Out to Be Nazi Loot? The Niche Market for Art Title Insurance
Sale of the Week, May 27-June 2: Christie's Week-Long Hong Kong Auctions Cater to Every Taste
Bonhams Australia Present Six Auctions of Amazing Art and Antiques from May 27 to 29
Sale of the Week: Australian Artist John Firth-Smith at Christie's May 29 London Interiors Sale

Most Popular

Viral Fashion: How the Facebook Wedding Dress Turned Priscilla Chan Into an Unlikely Style Star
The ARTINFO Bookshelf: 40 Books That Every Artist Should Own, Part II
K8 Hardy Ripped Fashion a New One at Her Riotous Whitney Biennial Runway Show
"When You Interrupt Us, You Have to Deal With Us": Murray Moss Invites You to Intrude at His Midtown Lab
Reagan's Blood, Bieber's Hair, Ally McBeal's PJs: 10 Freakish Items From PFCAuctions's Current Online Sale
The ARTINFO Bookshelf: 40 Books That Every Artist Should Own, Part I
Are We in an Anish Kapoor Bubble? Two Barbara Gladstone Shows Point to the Affirmative

Popular on Social Media

  • "I Don't Like the Term Installation": Daniel Buren on His Grand Palais-Filling Monumenta Show
  • Is Antony Gormley Plotting His Own Foundation in Norfolk?
  • Garage Sale at 11 West 53rd Street! MoMA Curator Sabine Breitwieser on Crowdsourcing Junk for Martha Rosler
  • What If Your Prized Painting Turns Out to Be Nazi Loot? The Niche Market for Art Title Insurance
  • Sale of the Week, May 27-June 2: Christie's Week-Long Hong Kong Auctions Cater to Every Taste
  • Allen Jones, Table (detail), 1969
    Allen Jones's Soft Porn Sculptures Spice Up Sotheby's Gunter Sachs Evening Sale, but Warhol Dominates
  • "When You Interrupt Us, You Have to Deal With Us": Murray Moss Invites You to Intrude at His Midtown Lab
  • K8 Hardy Ripped Fashion a New One at Her Riotous Whitney Biennial Runway Show
  • Viral Fashion: How the Facebook Wedding Dress Turned Priscilla Chan Into an Unlikely Style Star
  • Bonhams Australia Present Six Auctions of Amazing Art and Antiques from May 27 to 29

GO TO:

Home page

Editorial

  • Visual Arts
  • Performing Arts
  • Architecture & Design
  • Artists
  • ART PRICES
  • Market News
  • Style & Society
  • Events
  • Travel
  • Blogs
  • Videos
  • Slideshows

Products

  • Magazines
  • Gallery Guide
  • Blouin Art Sales Index
  • Somogy
  • Art Sites
  • Art Jobs

Louise Blouin Media

  • About Us
  • Subscriptions
  • Advertise
  • Contact Us
  • Louise Blouin Foundation
  • RSS
Copyright © 2012 All rights reserved. Use of the site constitutes agreement with our Privacy Policy and User Agreement.