Sotheby’s sale sets Manet record as art lifts it­self out of the dol­drums

Weekend Argus (Saturday Edition) - - AUCTIONS -

SOTHEBY’S re­cently sold an Edouard Manet self-por­trait for £22.4 mil­lion (R250m), a record for the artist, but to­wards the lower end of pre-sale ex­pec­ta­tions of £20-30m.

The paint­ing, one of only two self-por­traits by the artist and the only one in pri­vate hands, was the cen­tre­piece of the auc­tion­eer’s main Im­pres­sion­ist and mod­ern art sale in London this sum­mer.

Over­all, the auc­tion fetched £112.1m, within ex­pec­ta­tions of £101-148m, al­though the sale tally in­cluded buyer’s premi­ums while the es­ti­mate did not.

Three works of art sold for eight fig­ures – Manet’s Self­Por­trait With a Pal­ette, An­dre Derain’s Ar­bres a Col­lioure, which sold for £16.3m, dou­ble the pre­vi­ous record for the artist, and Henri Matisse’s Odal­isques jouant aux dames ( £ 1 1 . 8 m) . S o t h e by ’ s said the re­sults were strong, al­though the auc­tion to­tal was smaller than the equiv­a­lent sale in London in Fe­bru­ary which raised £146.8m.

Al­berto Gi­a­cometti’s L’homme qui marche I sold for £65m, which was then a world record for any work of art at auc­tion. Christie’s, Sotheby’s main ri­val, holds its main sale on Wed­nes­day, and ex­pects to sell art worth £164-231m.

If it makes even the lower end of the tar­get, it would set a record for an art sale in London. – Reuters

EIGHT FIG­URES: Manet self-por­trait sets new record.

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