Organized by Sotheby’s, these auctions amount to 30 million euros. This would be the highest estimate of this season in France.
An overall estimate of 30 million Euros
Magritte, Duchamp or Picabia… Sotheby’s is organizing the first auction dedicated to the Surrealists in Paris on March 16, for an overall estimate of 30 million euros. This is the highest this season in France, the institution said on Monday, demonstrating that 100 years after its birth, the movement, in which many renowned artists such as Salvador Dali, Max Ernst, or again Man Ray, still popular. « Surrealism is 100 years old and has never seemed so young. Magritte is now as sought after as Warhol and market demand for Picabia equals that of Jeff Koons », explains Thomas Bompard, director of this sale, in a press release.
Twho masterpieces by Francis Picabia
Two masterpieces by Francis Picabia will make their first appearance at auction: Pavonia (1929), from the Transparency series, estimated between 6 and 8 million euros, and Nu de Dos (1940-1942), estimated between 3 and 4 million euros. Two paintings by Magritte from the 1920s will also go under the hammer: The Ghost Landscape (1928), estimated at 700,000 to 1 million euros – one of his first word paintings – and Le Palais de la Courtisane (1929) , from the former collection of the surrealist poet Joë Bousquet (estimate of 2 to 3 million euros).