The most precious Latin American artwork in history was born, Sotheby's New York Modern Art Night Auction earned $280 million
Based on the news flash, at 7: 00 a.m. on November 17, Beijing time, Sotheby's New York's "Night Auction of Modern Art" officially began to present the excellent works of art masters from the late 19th century to the first half of the 20th century. They have a forward-looking vision, dare to challenge mainstream traditions, and develop a refreshing modern style in the art world. A total of 47 lots were there and 46 were sold, of which 55.4% were sold above the estimate and 34% within the estimate, with a total turnover of $282850600.
Among them, Claude Monet’s Coin Du Bassin Aux Nymphéas has been extinct for nearly 25 years. After a four-minute auction, the item was finally sold at the top of the sale with a price of $508, 500, 200, 000, and was commissioned by New York No. 55 by phone. Frida Kahlo’s self-portrait Diego Y Yo, estimated at more than $30 million, sold for $34883000 and was commissioned by New York No. 1 by phone. This lot is the most valuable Kahlo’s painting in the history of the auction and the most precious Latin American artwork in the history of the auction (breaking the record of $8 million set by Frida Kahlo in Christie's New York in May 2016).
Pierre Soulages, Norman Lewis and Enrico Donati set new auction records. Alexander Calder’s Untitled was sold for $19682100 , the second highest price per person.
The Top1 of this auction:
Coin Du Bassin Aux Nymphéas is an excellent example in the later period of Claude Monet's creative career, reflecting his far-reaching influence on later artists. This rare and extraordinary work of water lilies has been exhibited all over the world for more than a century, but it has been extinct for nearly 25 years.
The Top 2 of this auction:
Frida Kahlo’s masterpiece Diego Y Yo, which has been extinct for more than 30 years, was created in 1949, and Diego Y Yo can also be regarded as a portrait of two people. Frida Kahlo painted a small Rivera on her forehead, just like her third eye, symbolizing how Rivera occupied her mind, reflecting Frida Kahlo's unique portrait painting technique, is a very representative classic. The lot sold for $34883000 and was commissioned by New York No. 1 by phone (breaking the record of $8 million set by Frida Kahlo in Christie's New York in May 2016).
The Top3 of this auction:
Pierre Soulages’s Peinture 195 X 130 Cm, 4 Août 1961 was estimated at $8 million-$12 million, was awarded by No. 46 phone after an eight-minute live auction, which had a $17.2 million hammer price and was sold for $20141700, significantly setting a personal auction record for an artist (breaking the record of $10.6 million for Pierre Soulages’s work held in Christie's New York in November 2018).
Set a new auction record:
In addition to Frida Kahlo and Pierre Soulages, Norman Lewis and Enrico Donati have also set new individual auction records.
Sale status of other lots:
The auction covers impressionism, point painting and cubism, focusing on the important art movements in the mid-20th century, tracing back to the roots of the post-war avant-garde works, and exploring the completely abstract development process and achievements. Alexander Calder’s Untitled and Leonora Carrington’s Sueño (Nephesh As The Soul In A State Of Sleep) set the second highest price.
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