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Sotheby's November 4, 2004

Impressionist and Modern Art

'Tete de Femme' by Degas
Lot 114, "Tete de Femme," by Edgar Degas, pencil on paper, 9 1/8 by 7 inches

By Carter B. Horsley
This day auction of Impressionist and Modern Art at Sotheby's November 5, 2004 is something of a let-down after the previous night's evening auction that was filled with numerous blockbusters, but it does offer several fine sculptures and some smaller choice paintings.
The loveliest offering is Lot 114, "Tete de Femme," a fine small drawing by Edgar Degas (1834-1917). A pencil on paper that measures 9 1/8 by 7 inches, it is stamped with the Atelier stamp and was once with Wildenstein & Co. It has an estimate of $60,000 to $80,000. It sold for $84,000 including the buyer's premium as do all results mentioned in this article.


'Mateo F. De Soto' by Picasso


Lot 217, "Mateo F. De Soto," by Pablo Picasso," pastel and charcoal on paper, 16 1/8 by 9 7/8 inches, circa 1899-1900

Another small but charming work is Lot 217, "Mateo F. De Soto," a pastel and charcoal on paper by Pablo Picasso (1881-1973). It measures 16 1/8 by 9 7/8 inches and was executed circa 1899-1900. The catogue entry notes that "The present work is a haunting depiction of Mateu Fernandez de Soto, with the sculptor cloaked in black, juxtaposed against a hazy background," adding that "Rather than a simple caricature, de Soto is shrouded in an air of mystery, perhaps providing a glimpse into what drew Picasso to this character." It has an estimate of $280,000 to $350,000. It sold for $372,000.


Another good study is Lot 158, "Femme Enlevant Sa Chemise," by Henri De Toulouse-Lautrec (1864-1901). An oil on board depicting a nude woman removing her shirt, it measures 26 3/8 by 17 inches and was executed in 1896. It has an estimate of $500,000 to $700,000. It failed to sell.

Another nude is Lot 164, "La Sieste," by Henri Lebasque (1865-1937). An oil on canvas that measures 35 by 45 5/8 inches, it has an estimate of $300,000 to $400,000. It sold for $114,000. "Monumental in scale and subject matter," the catalogue noted, "the present work highlights Lebasque's fascination with both the portrayal of the female nude and her rich adjoining ornamentation, showing delight in depicting luxuriant fabrics and color."


'Le Petite Dejeuner Aux Pavillons' by Vuillard


Lot 185, "Le Petite Dejeuner Aux Pavillons," by Edouard Vuillard, oil on board, 22 3/4 by 30 1/2 inches, 1910
Lot 185, "Le Petite Dejeuner Aux Pavillons," is a fine oil on board by Edouard Vuillard (1868-1940). It measures 22 3/4 by 30 1/2 inches and was executed in 1910. The catalogue notes that it was painted at a villa in Cricqueboeuf, Normandy where the artist stayed along with his family and the family of Joe Hessel, a prominent art dealer. The catalogue entry describes the work as "a prime example of Vuillard's mature style," adding that "Even though it is painted in a more conservative manner, the artist succeeded in retaining many of the characteristics of his work from his celebrated Nabis period. Earlier in his career the decorative flatness of his compositions had given a formal unit to the wide variety of highly patterned surfaces that competed for attention." It has an estimate of $400,000 to $600,000. It sold for $489,600.


Lot 313 is a good work by Wassily Kandinsky (1866-1944) entitled "Ohne Titel." A gouache heightened with white on black paper laid down on card, it measures 12 5/8 by 19 1/2 inches and has an estimate of $200,000 to $300,000. It sold for $209,600.


'La Dame de Delos' by Arp


Lot 208, "La Dame de Delos," by Jean Arp, white marble, 14 1/2 inches high
The auction has several fine sculptures by Jean Arp (1886-1966) from the Estate of Sarabel Florsheim. Lot 208, "La Dame de Delos," is a particularly voluptuous white marble sculpture that is 14 1/2 inches high. It was executed in 1959 and has an estimate of $200,000 to $300,000. It sold for $220,800.


'Coquille Crystal' by Arp


Lot 207, "Coquille Crystal," by Jean Arp, polished bronze, 12 5/8 inches high
Lot 207, another fine Arp from the Florsheim collection, is entitled "Coquille Crystal." The polished bronze is 12 5/8 inches high and was conceived in 1938 and cast in an edition of thre of which this is the second probably in 1956 or earlier. It has an estimate of $60,000 to $80,000. It sold for $51,000.


'La Parisienne' by Ernst


Lot 198, "La Parisienne," by Max Ernst, bronze, 31 inches high
Another consignment from the Florsheim estate is Lot 198, "La Parisienne," a superb bronze sculpture by Max Ernst (1891-1976) that is 31 inches high. Conceived in 1950, it was cast in 1959-60 in an edition of 9 plus one cast numbered 0/9 and four lettered H.C. It has an estimate of $150,000 to $200,000. It sold for $355,200.


'Two Three-Quarter Figures on Base' by Moore


Lot 278, "Two Three-Quarter Figures on Base," by Henry Moore, bronze, 40 inches high
Lot 278 is a striking 40-inch-high bronze by Henry Moore entitled "Two Three-Quarter Figures on Base." It was cast in an edition of 9 in 1984 and this is number 2/9. It has an estimate of $200,000 to $300,000. It sold for $512,000.


'Maternité' by Gauguin


Lot 15, "Maternité," by Paul Gauguin, oil on burlap, 37 1/4 by 24 inches, 1899


By Carter B. Horsley
The fall 2004 art auction season in New York opens in good spirits following the sale at Sotheby's in London of a small painting attributed to Vermeer for about $30 million and this auction of Impressionist and Modern Art has several very major works with pretty ambitious estimates to test the market, most notably an important painting by Paul Gauguin (1848-1903), a superb abstraction by Wassily Kandinsky (1866-1944), a couple of excellent works by Amedeo Modigliani (1884-1920), a "boogie-woogie" geometric painting by Piet Mondrian (1872-1944), a good sculpture by Constantin Brancusi (1876-1957), a good painting by Pablo Picasso (1881-1973), a handsome abstraction by Fernand Léger (1861-1955), and a nice work by Chaim Soutine (1893-1943).

The Gauguin, Lot 15, "Maternité," is an oil on burlap that measures 37 1/4 by 24 inches. It has an impressive provenance that includes Alphonse Kann, Dikran Khan Kelekian, Adolph Lewisohn, Mrs. Henry Huttleson Rogers, David Rockefefeller and Barbara Piasecka Johnson. Another earlier version of the painting is at the State Hermitage Museum in St. Petersburg, Russia.
The painting shows a woman nursing her baby at the bottom right with two attendants in the background. It was executed in 1899 when Gauguin's 17-year-old mistress, Pahura, gave birth to their son.

In an article in The New York Times October 8, 2004 by Carol Vogel, David Norman, co-chairman of Sotheby's Impressionist and Modern Art department worldwide is quoted that "It's one of those once-in-a-lifetime opportunities to acquire a landmark of Post-Impressionism," adding that "It's one of the last major works of the Tahitian period left in private hands."
"Several dealers said it was offered for sale in Paris this summer, with an asking price between $30 million and $35 million. Mr. Norman said he was unaware of that offer," Ms Vogel wrote.

At this auction, it has an ambitious estimate of $40 million to $50 million. It is a handsome, straightforward, and colorful work that is representative of Gauguin's enchantment with the exoticism of the South Seas. It sold for $39,208,000 including the buyer's premium as do all the results mentioned in this article. The sales price set a world auction record for Gauguin.
After it had been acquired by Barbara Piasecka Johnson, Sotheby's, according to The New York Times article, says the painting was in the possession of Nevill Keating Pictures, London dealers, who sold it to the unidentified seller at Sotheby's. But some dealers who know the painting say James Roundell, a London dealer, sold it sometime between 1990 and 1997. (Mr. Roundell declined to comment.) Experts believe Mr. Roundell sold 'Maternité (II)' to Prince Jefri Bolkiah, the brother of the Sultan of Brunei, whose financial troubles have forced him to sell parts of his art collection. Sotheby's is auctioning the painting on behalf of an unidentified collector who acquired it from Angela Neville, a London dealer. Experts say the seller is from Southeast Asia. Mr. Norman declined to comment."
Mr. Norman said after the sale that he was "thrilled" with the sale. Of the 61 lots offered, 48, or 78.3 percent, sold for a total of $194,289,600. The presale total estimates were $203.5 million to $$275.6 million.


'Jeanne Hébuterne (Devant Une Porte)' by Modigliani


Lot 23, "Jeanne Hébuterne (Devant Une Porte)," by Amedeo Modigliani, oil on canvas, 51 by 32 1/8 inches, 1919
Another iconic work is "Jeanne Hébuterne (Devant Une Porte," Lot 23, by Amedeo Modigliani. A stunning oil on canvas that measures 51 by 32 1/8 inches, it was executed in 1919. It has been consigned by Dorothy Cherry, the widow of Wendell Cherry, the chairman of Humana, the healthcare company. Her husband, who died in 1991, acquired it in the early 1980s. It has an estimate of $20 million to $30 million. It sold for $21,008,000.

The catalogue entry for this lot provides the following commentary:
"Painted in 1919, the work is one of Modigliani's most monumental portraits, and is the last depiction of his lover and muse. Jeanne was just 19 when she met Modigliani and, for the next three years, she would be his constant companion and source of inspirtion right up to his early death (she committed suicide at the age of only 22, disconsolate over the loss of her great love). The Cherry Modigliani is the finest portrait of Jeanne to appear for sale in a generation and has few equals in the artist's oeuvre....In 1919, when this work was executed, Jeanne was pregnant with their second child. The physical and emotional connotations of her state are beautifully captured in the contrast between the full shape of her skirt, and the elongated delicate features of her face and upper body....The first time that it was reproduced was in 1944 on the cover of a pamphlet accompanying an exhibition held at the American British Art Center in New York. In that publication, Lionello Venturi wrote the following of this picture: 'The 'Portrait of Mrs. Hebuterne,' the wife of Modigliani, has never been published. It is a masterpiece, in the painter's last style, when he not only had definitely mastered his linear values, but knew how to construct space around his figure, thus creating a new balance and a new reality out of his abstract forms and colors.'"
Apart from its large scale, the painting is particularly strong in the artist's distorted handling of the space behind Jeanne.


'Portrait du Docteur Devaraigne' by Modigliani


Lot 49, "Portrait du Docteur Devaraigne," by Amedeo Modigliani, oil on canvas, 21 3/4 by 18 3/4 inches, 1917
A more modest but still appealing Modigliani is Lot 49, "Portrait du Docteur Devaraigne," a 21 ¾-by-18 3/8-inch oil on canvas, dated 1917, which was once owned by George Gershwin and carried a high estimate of $2,500,000 when it was auctioned at Sotheby's in November, 1999 at which time it sold for $2,312,500 including the buyer's premium. It has an estimate at this auction of $2,000,000 to $3,000,000. It failed to sell and was passed at $1,500,000.


'Sketch for Deluge II' by Kandinsky


Lot 9, "Skizze Fur Sintflut II (Sketch for Deluge II), by Wassily Kandinsky, oil on canvas, 37 1/2 by 42 1/2 inches, 1912
Even more striking than the Modigliani is Lot 9, "Skizze Fur Sintflut II (Sketch for Deluge II)," a 1912 oil on canvas that measures 37 1/2 by 42 1/2 inches by Wassily Kandinsky. Unlike much of his rather hard-edged oeuvre, it is a softness and transparency that belies organic layers of abstraction. It is one of several major works consigned to this auction from the collection of Hester Diamond.

The catalogue includes the following wonderful essay about the Diamond collection by Colin Eisler, Robert Lehman Professor of Fine Arts at the New York University Institute of Fine Arts:
"Art speaks differently in different settings, whether in its creator's studio, dealer's space, museums's gallery, or owner's home. Each wall impacts varyingly upon what it bears. The creator, the vendor, the collector, all modify their temporary possessions. For all of them, art fulfills a radically shifting function, allowing for elements of discovery and support. For the artist it is revelation and expression, for the dealer it is discernment and the power of exchange, for the curator it is vicarious ownership, knowledge, and taste-making, and for the owner, an expansion of self into new dimensions of authority and response. Sometimes art can appear to fall under the spell of the possessor, just as the latter often falls victim to the seduction of its power. Furniture, wall coverings, spaces, lights, carpets and colors all impact upon the image. However strong these seemingly permanent surroundings may be, art almost always has the last word, its message (or absence thereof) communicated to the viewer over and above setting and frame. For those lucky enough to have seen the School of Paris paintings and the Brancusi sculptures in Hester Diamond's Art-Deco-housed, capacious Manhattan apartment, this experience has afforded a precious one-on-one intimacy not permitted by the vast spaces of a museum, gallery or auction house. Along with the pleasure of their owner's unassuming and ever generous hospitality, many of my students (along with their teacher) were privileged to enjoy the company of her Brancusis, Léger, Mondrian, and Picassos. Hester Diamond is too realistic to have ever thought of her works in the apartment as 'hers'; never falling into the twin traps of possessiveness or promotion, I would venture that in one important way this Modern collection represents, in the most profound sense of the word, a souvenir. Just as many of the ancient, renaissance and later marvels, so long the glories of English Country houses, were reminders of their 18th Century owners' Grand Continental Tours, the present remarkable works dating from the earlier Twentieth Century remain souvenirs of their owner's marriage to that brilliant art dealer, Harold Diamond (1926-1982). First following, then sharing his veturesome, independent eye, toegethe they brought these images into their lives. As the parents of three sons, art works never occupied the roles of children. Rather the paintings and the sculpture were, in addition to their intrinsic qualities, reminders of happy moments in time, of challenges, discoveries and opportunities. A gifted profession in the field of interior design, Hester placed this brilliant assemblage of early twentieth century paintings and sculpture in a domestic setting. They shared space occupied by Empire and Georgian furniture, a dazzling Dufy-designed, embroidered suite of dining room chairs, Russian chandeliers, Near Eastern carpets, Egyptian Revival papier-maché remarkable swinging étagères and gloriously lacquered or silvered or gilded furniture from eighteenth century England, the Empire Style or the Far East. In the evenings a vast round dining room table is covered of a ever-changing collection of brilliantly colored English and Continental 18th and 19th Century porcelains and other tableware, adding wildly unexpected sights to the more austere Twentury Century palette on the walls. Later, minature porcelains and a modest tidal wave of exotic sea-shells came to enrich the surroudings, the School of Paris now surprisingly happily partnered with an all American Wunderkammer! Synergy prevailed as the dynamism of décor worked in a successfully mystical union linking three centuries. To accommodate their rapidly growing collection, for the Diamonds' quite literally raised the roof, elevating the ceiling so their Brancusis and large paintings could be given breathing space and flying room. My happiest moments in this splendid assemblage were those allowing for a communion before the early Wassily Kandinsky canvas - Sketch for A Deluge II, for me he is quite the major master of the Twentieth century, combining eternity and prophecy by re-discovering nature. In this sense, he is akin to Durer or Pollock; the German saw his mission as that of 'seizing nature,' the American that of 'being nature.' When young, Kandinsky's passion for exploring his continent's physical and ethnological heritage, its sounds as well as its sights led to a cosmos of his own making. As a sketch of and for an archetypal flood, the young Russian's image foreshadows the impending events of his own content, and of the cycles that would wrack the world in the Twentieth and Twenty-First centuries. The miracle is that he can unite tragic prophetic insight with beauty fusing the dynamic of impending disaster with a sense of unchanging eternity. For the past twenty years or so, Hester Diamond has been re-discovering the far more distant frontiers of art, the images of the Tre- and Quattrocentro, of Early Netherlandish Art, of the High Renaissance and Italian Mannerism. As the images from the early Twentieth Century have become our new Old Masters, she moves back in time, turning to the enduring novelty of the past. The works of Pontormo, Bernini, and Veronese, along with renaissance and rococco sculpture now filling her apartment, may seem even more venturesome and provocative to their new owner than the works of the School of Paris formerly occupying those spaces....Pursing her resolutely un-square dance throughlife, Mrs. Diamond is now changing her 'collecting partner' from the New to the Old, following ever novel, significant steps in the changing music of a rediscovered past."
The catalogue entry for this lot goes on to note that "The brilliantly colored canvases from Kandinsky's Munich period present an ecstatic beauty that is rarely expressed in painting," adding that "In Skizze dur Sintflut II (Sketch for Deluge II), created in 1912 at the heighyt of his involvement with the avant-garde Expressionist group, Der Blaue Reiter, Kandinsky floods the surface of his canvas with opaque and translucent colors. Amorphous forms appear to explode, overlap, and evaporate beyond the boundaries of the picture plane, alluding to the constant flux of energy and entropy at play in the universe."
"The goal of Kandinsky's art of this period, in the painter's own words, was to 'awaken as yet nameless feelings of a finer nature,'" the catalogue entry continued, adding that "It is with these grand canvases, pulsating with color, that the artist attempted to create a new aesthetic experience for the 20th century."


The Kandinsky has an estimate of $20,000,000 to $30,000,000. Surprisingly, it failed to sell and was passed at $17,500,000.


'The Kiss' by Brancusi


Lot 8, "The Kiss," by Constantin Brancusi, limestone, 12 3/4 inches high, circa 1908
Lot 8 is the second version of Constantin Brancusi's famous sculpture, "The Kiss." The first version is in the Mauzeul de Arta, Craiova. This lot is the only one remaining in private hands and was most likely done around the time that he stopped working in Auguste Rodin's studio. This lot, which was consigned from the Collection of Hester Diamond, has an estimate of $8,000,000 to $12,000,000. It sold for $8,968,000.


'New York 1941/Boogie-Woogie. 1941-42' by Mondrian


Lot 7, "New York, 1941/Boogie-Woogie. 1941-42," by Piet Mondrian, oil on canvas, 37 3/4 by 36 5/8 inches
Another major consignment from the collection of Hester Diamond is Lot 7, "New York 1941/Boogie-Woogie. 1941-42," an oil on canvas by Piet Mondrian. It measures 37 3/4 by 36 5/8 inches and has an estimate of $20,000,000 to $30,000,000 even though the canvas has noticeable craquelure. It sold for $21,008,000.

Mondrian came to New York in 1940 and the catalogue notes that he was "enraptured by the lure of Manhattan, its urban landscape unlike anything he had ever experienced in Europe. The linearity of the skyline and the grid of its streets created an environment that seemed to be a living example of Mondrian's theories of Neo-Plasticism that he promoted in the 1920s and 1930s, and the neon signs of Times Square and the pulsing rhythm of New York jazz enlivened the spirit of his paintings during these years. Working in New York until his death in 1944, Mondrian produced canvases that demonstrated a fresher and more developed application of his original aesthetic. These paintings are considered the most innovtie works of his career and ultimately came to define urban modernism in the 20th century. New York/Boogie Woogie, which is the first canvas that he started and finished in New York and the first of his legendary Boobie-Woogie series, led this revolution of style....It was not uncommon for him to work in stages on his compositions, sometimes calling a work finished and then returning to it at a later date to add structural elements. In the beginning of 1941, Mondrian exhibited the present work, then titled New York and composed only of black lies, at the Riverside Museum. When New York went unsold at that exhibition, he decided to revise the composition over the course of the next year."

The painting was retitled "Boogie-Woogie" and exhibited in 1942 at the Valentine-Dudensing Gallery where it sold to Mary E. Johnston of Cincinnati and Mondrian received about $400 from the sale.


'Le Disque Rouge' by Léger


Lot 6, "Le Disque Rouge," by Fernand Léger, oil on canvas, 36 1/4 by 25 3/4 inches, 1919
A fine complement to the Mondrian is Lot 6, "Le Disque Rouge," by Fernand Léger, which hung in the same corner as the Mondrian in the Diamond apartment according to a photograph in the catalogue. The Léger is an oil on canvas that measures 36 1/4 by 25 3/4 inches and was executed in 1919 and is closely related to more complex compositions now at the Los Angeles County Museum of Art and the Musée d'Art Moderne de la Ville de Paris, both executed the previous year. This lot has a estimate of $3,500,000 to $4,500,000. It sold for $4,936,000.


'Paysage' by Léger


Lot 18, "Paysage," by Fernand Léger, oil on canvas, 28 1/2 by 39 1/2 inches, 1914
Another fine Léger work is Lot 18, "Paysage," an oil on canvas that measures 28 1/2 by 39 1/2 inches. The 1914 painting was consigned by a private European collection and also has an estimate of $3,500,000 to $4,500,000. It failed to sell and was passed at $2,900,000.


'Le Chasseu de Chez Maxim's' by Soutine


Lot 24, "Le Chasseur de Chez Maxim's," by Chaim Soutine, oil on canvas, 32 3/8 by 29 3/8 inches, circa 1925
Another consignment from the estate of Wendell Cherry, is Lot 24, "Le Chasseur de Chez Maxim's," an oil on canvas that measures 32 3/8 by 29 3/8 inches. Executed circa 1925, it has an estimate of $2,500,000 to $3,500,000. It is quite similar to a version entitled "The Groom" at the Musée National d'Art Moderne in Paris. It sold for $6,728,000 setting a new world auction record for the artist.


'Nus' by Picasso


Lot 25, "Nus," by Pablo Picasso, oil on canvas, 32 by 39 1/2 inches, 1934
Lot 25, "Nus," is a strong work by Pablo Picasso that combines Neo-Classicism with Surrealism. An oil on canvas that measures 32 by 39 1/2 inches, it was executed in 1934. The catalogue entry notes that "the octopus-like figures in Nus are...all formed form the same pliable material, but the profusion and interchangeability of body parts, makes an exact body-count nearly impossible," adding that "Weightless and curiously innocent in their sexual curiosity, the less than human forms in Picasso's phantasmogoria are among his most remarkable creations in the period immediately preceding Guernica." The lot, which was once in the collection of Evelyn Sharp, has an estimate of $6,000,000 to $8,000,000. It failed to sell and was passed at $5,600,000.


'Le Cirque' by Vlaminck


Lot 17, "Le Cirque," by Maurice de Vlaminck, oil on canvas, 23 5/8 by 28 3/4 inches, 1906
Lot 17, "Le Cirque," is a good Fauve work by Maurice de Vlaminck (1876-1958). An oil on canvas, it measures 23 5/8 by 28 3/4 inches and was executed in 1906. It has an estimate of $4,000,000 to $6,000,000. It failed to sell and was passed at $3,600,000.


'Anita-La Belle Fatima et Sa Troupe' by van Dongen


Lot 20, "Anita - La Belle Fatima et Sa Troupe," by Kees van Dongen, oil on canvas, 39 by 31 1/2 inches, circa 1905-7
Lot 20, "Anita-La Belle Fatima et Sa Troupe," is a very fine oil on canvas by Kees van Dongen (1877-1968). It measures 39 by 31 1/2 inches and was executed circa 1905-7. It has a modest estimate of $2,000,000 to $3,000,000. It sold for $3,368,000.


The catalogue provides the following commentary about this lot:
"Orientalist themes dominated van Dongen's work throughout his Fauve period, providing an exoticism and intensity that perfectly suited the artist's temperament....In his predilection for the theme, van Dongen followed a long tradition of Orientalism in French art....In 1906, Matisse made his first trip to Morocco, and the visit had a profound effect on the development of his style. Matisse and van Dongen were the two Fauve artists most influenced by the Arab world and most captivated by the human figure. The exoticism of the cultures of North Africa and the Ottoman Empire and intensity of the color and light made a tremendous impact on their motis and techniques at this time. Van Dongen's particular achievement, as exemplified in the present work, was to achieve a synthesis of the brilliant and pure chromatic vision of the Fauves with a great sense of movement and compositional audacity....It was with works such as the present painting that van Dongen was to come closest to German Expressionist art and it is possible to see the present work as a precursor to the wild dancing girls of Nolde and Pechtstein."


'Palette et Vase de Narcisses' by Braque


Lot 46, "Palettte et Vase de Narcisses," by Georges Braque, oil on canvas, 21 1/4 by 25 5/8 inches, 1939
Lot 46 is a very pleasant still life by Georges Braque (1882-1963) entitled "Palette et Vase de Narcisses." Executed in 1939, it is an oil on canvas that measures 21 1/4 by 25 5/8 inches. Consigned by the estate of Sarabel Florsheim, it has an estimate of $600,000 to $800,000. It sold for $960,000.


Other fine works in the auction include Lot 56, "Nu Debout," an oil by Alberto Giacometti (1901-1966) that measures 28 3/4 by 15 3/4 inches and has an estimate of $1,000,000 to $1,500,000, and which sold for $1,352,000; and two very large sculptures by Henry Moore (1898-1986) from the Philip and Muriel Berman Collection, Lot 38, which is entitled "Three-Piece Reclining Figure: Draped," and has an estimate of $4,000,000 to $6,000,000, and which sold for $8,408,000, a new auction record for the artist, and Lot 33, which is entitled "Reclining Figure: Angles" and has an estimate of $3,000,000 to $4,000,000, which sold for $3,592,000.


Several late works by Pablo Picasso fared well. Lot 55, for example, "Femme Nue Assise Dans Un Fauteuil," had an estimate of $2,500,000 to $3,500,000 and sold for $5,048,000, leading to an outburst of elated shrieks from a group of viewers in one of the auction house's glassed-in "skyboxes." The shrieks of joy were so loud that they could be heard on the auction floor, leading Tobias Meyer, the auctioneer, to remark "See how much fun it is," sparking a loud communal laugh.

 

 

 

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