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Impressionist and Modern Art

Sotheby's New York


7 P.M., May 2, 2012


Sale 8850

Picasso white lady still life


By Carter B. Horsley
The Impressionist & Modern Art evening auction November 8, 2012 at Sotheby's is highlighted by several works by Pablo Picasso (1881-1973) included a very beautiful and large "Nature Morte Aux Tulipes," a very fine landscape by Monet, a lovely drawing by Renoir, two very fine drawings by Egon Schiele, and good works by Joan Mirò.

The cover illustration of the catalogue is "Nature Morte Aux Tulipes," (Lot 9), by Pablo Picasso, an oil on canvas that measures 511/8 by 38 3/4 inches.  The 1932 work is a portrait of the artist's mistress, Marie-Thèrése behind a still life of tulips.  It has been widely exhibited and published. A New York Times article November 9, 2012 by Carol Vogel said that the painting had been bought at Christies in May, 2000 by Francois Pinault, Christie's owner, who sold it to Stephen A. Wynn, the casino operator and the consignor of the painting to this auction. It has an estimate of $35,000,000 to $50,000,000.  It sold for $41,522,500 including the buyer's premium as do all results mentioned in this article.

The auction total was $163,009,001, just under the pre-sale low estimate.  Of the 67 offered lots, 46, or 68.7 percent, sold, a disappointing result not dissimilar to the one at Christie's, the previous night, when its $204,800,000 results also fell a bit short of its pre-sale low estimate and it also experienced a lot of passed lots.

At a press conference after the auction, Simon Shaw, the head of Sotheby's Impressionist & Modern Art Department, said that "clearly some felt some estimates too high, but already offers [for unsold works] are flooding in...and the market will live on."


Picassoladyyellow2    Picasso Yellow

Lot 42, "Femme a La Robe Verte," by Pablo Picasso, oil on canvas, 36 1/8 by28 3/4 inches, 1956, right; shown at auction exhibition next to enlarged photograph of the couple taken by Edward Quinn, left

Lot 42, "Femme a La Robe Verte," is a strong but simple portrait by Pablo Picasso of Jaqueline Roque, the woman who would become his third wife in 1961.  It was shown in the auction gallery during exhibition next to a very large reproduction of a photograph of the couple taken by Edward Quinn.  It has an estimate of $6,000,000 to $8,000,000.  It was passed at $5,250,000.


Picasso blonde

Lot 17, "Femme a La Fenetre (Marie-Thérèse)," by Pablo Picasso, oil on canvas, 21 5/8 by 18 inches, 1936

Lot 17, "Femme a La Fenetre (Marie-Thérèse)," by Pablo Picasso is an oil on canvas that measures 21 5/8 by 18 inches.  It was painted in 1936 and was the cover illustration of this auction's catalogue.  The catalogue notes that "Picasso's paimtings of his lover Marie-Thérèse Walter are among the gratest images of love, sex and desire in twentieth cenutry art," adding that they "comprise what is largely considered to be the artist's creative peak and have come to epitomize Surrealist figurative painting at its most impassioned and dramatic.  This richly textured painting, with its thick cross-hatching is believed to be one of the most color-saturated in Picasso's oeuvre."  It has an estimate of $15,000,000 to $20,000,000.  It sold for $17,218,500.

 Mousketeer

Lot 48, "Mousquetaire au Chapeau, Buste," by Pablo Picasso, oil on canvas, 31 7/8 by 25 5/8 inches, 1967

Lot 48, "Mousquetaire au Chapeau, Buste," is a pleasant oil on canvas by Picasso that measures 31 7/8 byh 25 5/8 inches.  It was painted in 1967 and is being sold by order of the trustees of the Hirschhorn Museum and Sculpture Garden to benefit its acquisition program.  It has an estimate of $3,000,000 to $4,000,000.  It sold for $4,388,500.
Plant by Picasso

Lot 29, "Plant de Tomate," by Pablo Picasso, oil on canvas, 35 7/8 by 28 1/4 inches, 1944

Lot 29, "Plant de Tomate," is an oil on canvas by Picasso that measures 35 7/8 by 28 1/4 inches.  It was painted in 1944 and was once in the collection of Mr. and Mrs. John Hay Whitney who sold it at Sotheby's May 5, 2004. It has been widely exhibited and published.  It has an estimate of $10,000,000 to $15,000,000.  It was passed at $8,750,000.

Dancing couple by Renoir

Lot 60, "Etude Pour La Danse a La Campagne," by Pierre-Auguste Renoir, watercolor, brown wash and pencil on paper, 17 1/2 by 11 inches, 1883

Lot 60 is a watercolor study by Pierre-Auguste Renoir (1841-1919) for his "Danse a la campagne" oil in the Musée d'Orsay.  This lot was executed in 1883 and measures 17 1/2 by 11 inches. The woman was 17-year-old Marie-Clémentine Valadon, who later became Suzanne Valadon, the painter and mother of Maurice Utrillo.  The study was once in the collection of Sarah Jane Sanford Panza, the heiress and wife of Mario Panza, an Italian diplomat.  It has an estimate of $500,000 to $700,000.  It was passed at $400,000.

Nude by Degas

Lot 14, "Apres Le Bain (Femme s'Essuyant Les Cheveux," by Edgar Degas, pastel and charcoal laid down on canvas, 37 1/2 by 31 1/2 inches


Lot 14 is a large pastel and charcoal by Edgar Degas (1834-1917) of a woman washing her hair.  It measures 37 1/3 by 31 1/2 inches and is property from the collection of Stella Fishbach.  It has an estimate of $600,000 to $800,000.  It sold for $480,000.

Se;f Portrait by Degas

Lot 23, "Self-Portrait," by Edgar Degas, oil on card laid down on canvas, 20 1/2 by 14 3/4 inches, circa 1962

Lot 23 is a very fine self portrait by Degas that is an oil on card laid down on canvas.  It measures 20 1/2 by14 3/4 inches and was painted circa 1862.  It was once in the collection of Mr. and Mrs. John Hay Whitney.  It has a modest estimate of $1,200,000 to $1,500,000.  It was passed at $900,000.

Bloody face by Magritte

Lot 37, "La Mémoire," by René Magritte, gouache on paper, 9 3/4 by 13 inches, circa 1957

Lot 37 is a strong image by René Magritte entitled "La Mémoire."  A gouache on paper, it measures 9 3/4 by 13 inches and was created circa 1957.  The catalogue notes that it is inscribed 1944 because the artist wanted to evade the terms of his contract with his dealer Iolas.  Magritte owned several copies of the plaster cast.  It has an estimate of $700,000 to $1,000,000.  It sold for $902,500.

Schiele 2      

Lot 4, "Blondes Madchen im Unterhemd (Blond Girl in Underwear)," by Egon Schiele, gouache and pencil on paper, 18 3/8 by 12 5/8 inches, 1913

The auction has two lovely depictions of young women by Egon Schiele (1890-1918).  Lot 4, "Blondes Madchen im Unterhemd (Blond Girl inUnderwear)," is a gouache and pencil on paper that measures 18 3/8 by 12 5/8 inches.  It was exeuted in 1913.  It has an estimate of $1,000,000 to $1,500,000.  It sold for $1,307,500.

Schiele 1

Loty 52, "Elizabeth Lederer, Sitzend Mit Gefalteten Handen (Elisabeth Lederer, Seated With Hands Folded," by Egon Schiele, gouache, watercolor and pencil on paper, 19 by 12 1/2 inches, 1913

A better Schiele is Lot 52, "Elizabeth Lederer, Sitzend Mit Gefalteten Handen (Elisabath Lederer, Seated with Hands Folded," a gouache, watercolor and pencil on paper.  It measures 19 by 12 12 inches and was created in 1913.  It has an estimate of $2,000,000 to $3,000,000.  It was passed at $1,350,000.

Cleveland Monet landscape


   Lot 19, "Champ de Blé," by Claude Monet, oil on canvas, 25 78 by 32 1/4 inches, 1881

Lot 19 is an excellent oil on canvas by Claude Monet (1840-1926) that is entitled "Champ de Blé."  It measures 25 7/8 by 32 1/4 inches and was painted in 1881  It has ben widely published and exhibited.  It is property of the Cleveland Museum of Art and has an estimate of $5,000,000 to $7,000,000.  It sold $12,122,500. 

     Pougney still life

Lot 55, "Chaise et Boite a Chapeaux," by Jean Pougny, oilon canvas, 38 1/2 by 21 inches, circa 1917-9

Lot 55 is a very handsome Cubist composition by Jean Pougny (1892-1956) entitled "Chaise et Boite a Chapeaux."  An oil on canvas, it measures 38 1/2 by 21inches and was created circa 1917-9.  The painting was formerly in the collection of Mr. and Mrs. Geoge Costaakis.  Mr. Costakis had worked for the Greek and Canadian embassies in Moscow and amassed what the catalogue stated was "the world's foremost grouping of Russian avant-garde art" and left half of his collection to the State Tretyakov Gallery in Mosow.  The lot has an estimate of $2,000,000 to $3,000,000.  It was passed at $1,500,000.

Miró

Lot 40, "Peinture," by Joan Miró, oil on panel, 12 1/2 by 9 3/4 inches 1932

Lot 40 is an extremely strong small oil on panel by Joan Miró that measures 12 1/2 by 9 3/4 inches.  It was created in 1932.  It has an estimate of $2,200,000 to $2,800,000.  It was passed at $1,700,000.

Miro abstraction

Lot 64, "Peinture," by Joan Mirò, oil on canvas, 29 by 73 5/8 inches, 1952

Lot 64 is a very good oil on canvas by Joan Mirò (1893-1983) that measures 29 by 73 5/8 inches and was created in 1952.  It was formerly in the collection of Mr. and Mrs. Victor Kiam of New York and the Seagram Collection, which sold it at Sotheby's May 7, 2003 for $847,500.  At this auction, it carried an estimate of $4,000,000 to $6,000,000.  It was withdrawn from the sale.

Miro brown abstraction

Lot 11, "Personnages, Etoiles," by Joan Miró, oil on unstretched canvas, 9 1/8 by 21 7/8 inches, 1949

Lot 11 is a very fine oil on unstretched canvas by Joan Miró that is entitled "Personages, Etoiles."  It measures 9 1/8 by 21 7/8 inches and was created in 1949.  It has an estimate of $1,500,000 to $2,000,000.  It sold for $1,142,500.

Nude by Cezanne

Lot 50, "Femme Nue Debout," by Paul Cézanne, oil on canvas, 36 1/2 by 28  inches,circa 1898-9

Lot 50 is a painting of a nude woman by Paul Cézanne.  An oil on canvas, it measures 36 1/2 by 28 inches and was executed circa 1898-9.  It has been widely published and exhibited.  It has an estimate of $4,000,000 to $6,000,000.  It sold for $5,346,500.

Blue lady by Cezanne

Lot 33, "La Femme a L'Hermine, d'Apres Le Greco," by Paul Cézanne, oil on canvas, 20 7/8 by 19 1/4 inches 1885-6

Lot 33 is a oil on canvas by Cézanne after a work by El Greco.  It measures 20 7/8 by 19 1/4 inches and was painted in 1885-6.  It is property from the estate of George Embiricos.  It has an estimate of $5,000,000 to $7,000,000.  It passed at $3,200,000.

See The City Review article on the Fall 2012 Impressionist & Modern Art auction at Christie's New York
See The City Review article on the Fall 2012 Impressionist & Modern Art day auction at Sotheby's New York
See The City Review article on the Spring 2012 Impressisionist & Modern Art auction at Sotheby's
See The City Review article on the Spring 2012 Impressionist & Modern Art auction at Christie's
See The City Review article on the Fall 2011 Impressionist & Modern Art auction at Sotheby's
See The City Review article on the Fall 2011 Impressionist & Modern Art auction at Christie's
See The City Review article on the Spring 2011 Impressionist & Modern Art auction at Sotheby's
See The City Review article on the Spring 2011 Impressionist & Modern Art auction at Christie's
See The City Review article on the Fall 2010 Impressionist & Modern Art evening auction at Sotheby's
See The City Review article on the Fall 2010 Impressionist & Modern Art evening auction at Christie's
See The City Review article on the Spring 2010 Impressionist & Modern Art evening auction at Sotheby's
See The City Review article on the Spring 2010 Impressionist & Modern Art evening auction at Christie's
See The City Review article on the Fall 2009 Impressionist & Modern Art evening auction at Sotheby's
See The City Review article on the Fall 2009 Impressionist & Modern Art evening auction at Christie's

See The City Review article on the Spring 2009 Impressionist & Modern Art evening auction at Sotheby's
See The City Review article on the Spring 2009 Impressionist & Modern Art evening auction at Christie's
See The City Review article on the Fall 2008 Impressionist & Modern Art evening auction at Christie's
See The City Review article on the Fall 2008 Impressionist & Modern Art evening auction at Sotheby's

See The City Review article on the Spring 2008 Impressionist & Modern Art evening auction at Christie's
See The City Review article on the Spring 2008 Impressionist & Modern Art evening auction at Sotheby's
See The City Review article on the Fall 2007 Impressionist & Modern Art evening auction at Sotheby's
See The City Review article on the Spring 2007 Impressionist & Modern Art evening auction at Christie's
See The City Review article on the Spring 2007 Impressionist & Modern Art auction at Sotheby's
See The City Review article on the Fall 2006 Impressionist & Modern Art auction at Sotheby's
See The City Review article on the Spring 2006 Impressionist & Modern Art evening auction at Sotheby's
See The City Review article on the Spring 2006 Impressionist & Modern Art evening auction at Christie's
See The City Review article on the Fall 2005 Impressionist & Modern Art evening auction at Christie's
See The City Review article on the Impressionist & Modern Art evening auction at Sotheby's November 2, 2005
See The City Review article on the Impressionist & Modern evening sale at Sotheby's in the Spring, 2005
See The City Review article on the Impressionist & Modern Art evening auction in the Fall, November, 2005
See The City Review article on the Impressionist & Modern Art day auction at Sotheby's November 5, 2004
See The City Review article on the Impressionist & Modern Art evening auction at Christie's May 4, 2004
See The City Review article on the Impressionist & Modern Art day auction at Christie's May 5, 2004
See The City Review article on the May 5, 2004 evening auction at Sotheby's of Property of the Greentree Foundation from the Collection of Mr. and Mrs. John Hay Whitney
See The City Review article on the Impressionist & Modern Art evening auction at Sotheby's May 6, 2004
See The City Review article on the Spring 2004 Impressionist & Modern Art day auction at Sotheby's
See The City Review article on the Fall 2003 Impressionist & Modern Art evening auction at Sotheby's
See The City Review article on the Fall 2003 Impressionist & Modern Art evening auction at Christie's
See The City Review article on the Spring 2003 Impressionist & Modern Art evening auction at Christie's
See The City Review article on Spring 2003 Impressionist & Modern Art day auction at Christie's
See The City Review article on the Spring 2003 Impressionist & Modern Art evening auction at Sotheby's
See The City Review article on the Spring 2003 Impressionist & Modern Art Part 2 day auction at Sotheby's
See The City Review article on the Fall 2002 Impressionist & Modern Art evening auction at Sotheby's
See The City Review article on the Fall 2002 Impressionist & Modern Art evening auction at Phillips de Pury & Luxembourg
See The City Review article on the Spring 2002 Impressionist & Modern Art day auction at Christie's
See The City Review article on the Spring 2002 Impressionist Art evening auction at Sotheby's
See The City Review article on the Spring 2002 Impressionist Art Part Two day auction at Sotheby's
See The City Review article on the Nov. 5, 2001 auction of the Smooke Collection at Phillips de Pury & Luxembourg
See The City Review article on the Nov. 5, 2001 auction of the Hoener Collection at Phillips de Pury & Luxembourg
See The City Review article on Phillips May 7, 2001 Impressionist & Modern Art auction
See The City Review article on the November 9, 2001 Impressionist & Modern Art auction at Sotheby's
See The City Review article on Phillips Fall 2000 Impressionist & Modern Art auction
See The City Review article on the Christie's evening sale of Impressionist and Post-Impressionist Art May 8, 2000
See The City Review article on the Christie's evening sale of Twentieth Century Art May 9, 2000


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