Kelly Khumalo says Bafana Bafana captain and boyfriend Senzo Meyiwa took his last breath in her arms

Oscar Pistorius reportedly messaged former British model Katie Price during his murder trial

Picasso sells for $41.5m in New York

2012-11-09 14:29
 
pablo picasso
New York - An erotically charged Picasso oil painting of his mistress alongside tulips and fruit sold on Thursday for $41.5m on an otherwise anemic night for high-end art in New York.

"Nature morte aux tulipes," painted in 1932, was the star of Sotheby's Impressionist and modern art sale in Manhattan. The pre-sale estimate for the work had been between $35m and $50m.

The painting depicts the head of Marie-Therese Walter, who was Picasso's lover and famous muse, poised over a suggestive flower arrangement.

Its sale was one of the few bright spots for Sotheby's, with 30% of lots failing to sell and the total haul of the evening amounting to $163m - below the low end of the overall $169-245m estimate. This followed a similar performance at the Christie's auction on Wednesday.

Auction record

Another of the Marie-Therese series offered by Sotheby's, "Femme a la fenetre (Marie-Therese)," sold for $17.2m, inside the $15-20m estimate.

Other successes included the $12.1m paid for "Champ de ble" by Claude Monet, well above the $5-7m estimate.

Paul Cezanne's "Femme nue debout" went for $5.3m, inside the estimate, and Henry Moore's sculpture "Two piece reclining figure No. 1" sold for $4.7m, at the high end of its estimate.

However, numerous works failed to find buyers, including Picasso's "Plant de tomate", estimated to sell for $10-15m, and the same artist's "Femme a la robe verte", which was listed at $6-8m. Cezanne's "La femme a l'hermine", which had been hoped to fetch between $5m and $7m, also flopped.

On Wednesday, Christie's in New York sold a Monet water lily painting for $43.8m and saw a painting by Wassily Kandinsky sell for an auction record of $23m. However, the auction overall was seen as relatively muted, with a third of works not selling.

Next week, the rival auction houses hold their contemporary art sales.

- SAPA

Read more on:    sotheby's  |  pablo picasso  |  new york  |  auction  |  art

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Recent News

British comedian, Jimmy Carr, made a highly controversial joke while presenting an award at the Q Awards in London. Read More »

Photobomb beat vape, preload and al desko to become 2014 Word of the Year, Collins English Dictionary has said. Read More »

inside channel 24

There are new stories on the homepage. Click here to see them.