Magritte painting fetches $26.8 million in NY
A painting by Rene Magritte sold for $26.8 million (around P1.4 billion) Monday at a Sotheby’s auction in New York, setting a record for a work by the Belgian surrealist.
The painting entitled “Le principe du plaisir” topped the price fetched by “La corde sensible”, which was sold in February 2017 in London for $17.9 million (almost P950.9 million).
Sotheby’s had estimated the painting sold Monday as being worth 15 to 20 million dollars. It said seven collectors —an unusually high number — bid for it.
Other paintings on offer on the second night of the autumn art auctions in New York also surpassed their estimated value.
“Improvisation on Mahogany” by Russian-born Wassily Kandinsky, fetched $24.2 million (almost P1.3 billion), compared to its pre-sale estimate of 15-20 million dollars.
A painting that was supposed to be one of the main attractions of the auction failed to lure a buyer.
It was Marsden Hartley’s “Pre-War Pageant”, considered to be one of the first totally abstract works in the history of American art.
It was estimated at $30 million (almost P1.6 billion), nearly five times the record for that U.S. painter.
On Sunday, the Vincent Van Gogh Painting “Coin de jardin avec papillons”, estimated at $40 million (around P2.1 billion), went begging at a Christie’s auction of Impressionist and Modern art.
The fall art auctions continue through Thursday evening. MKH
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