Sotheby’s has the immense privilege of having been chosen by Marina Picasso to sell two paintings by her grandfather Pablo Picasso from her private collection.
The sale will be held to benefit the noble causes which Marina has championed with generosity and determination: supporting abandoned children in Vietnam by building orphanages and paediatric hospitals, and helping troubled teenagers through the Marina Picasso Centre in Nice or the adolescent programme of the “Hôpitaux de Paris-Hôpitaux de France” foundation. Emblematic of Picasso’s war-time period, these two paintings, executed in 1938 and 1943, are part of the highlights of the June sale.
Also featured are two stunning sculptures by Alberto Giacometti from distinguished private collections: a magnificent bronze Torse (1925) and Figurine, an extremely rare bronze painted by the artist in the early the 1950s. As always, Surrealism will be strongly represented: works by Giorgio de Chirico, Wifredo Lam, Marcel Duchamp, André Masson, Man Ray, Salvador Dalί, Max Ernst and Wolfgang Paalen will be at the forefront, together with a beautiful transparency (Portrait de Germaine Everling) and a superb abstract composition with particularly electric colours by Francis Picabia. Finally, a vibrant painting by Kandinsky, Blue Circle II, is his first of the legendary Bourdon auction in 1990 to be presented in an auction at Sotheby’s Paris.
Tonight Sotheby’s Impressionist & Modern Art Evening Sale realised an overall total of €19,759,050 /$25,891,271 /£16,777,651 (est. €14,584,200–20,831,800/ $19,154,305-27,359,653/ £12,412,069-17,729,169), the second-highest total in this category at Sotheby’s Paris.
The top lot of the sale was Pablo Picasso’s Femme Assise en Robe Grise which exceeded pre-sale expectations and sold for €3,793,500/ $4,970,813/ £3,221,107 (est. €2.5-3.5m/ $3.2-4.5m). The work was offered from the personal collection of his granddaughter Marina Picasso. A record price at auction in France was established for Alberto Giacometti with the sale of one of the artist’s earliest painted bronzes, Figurine, which fetched €2,673,500/ $3,503,221/ £2,270,102 (est. €1-1.5m /$1,312,000-1,968,000). The sale was 73.3% sold by lot and 90.4% sold by value, with five works selling for over €1million.