Pablo Picasso’s ‘La Gommeuse’ Breaks Record at Sotheby’s: Sold for $67.5 MillionPosted: November 7, 2015
Barney Henderson reports: A double-sided erotic Picasso portrait has sold for a record price in New York, soothing the art world’s nerves after a nervous start to a major sale.
La Gommeuse (The Nightclub Singer), which hides a second hidden portrait of an art dealer on its back, sold for $67.5 million (£45 million) late on Thursday night, setting a new record for a blue period Picasso.
It’s sale, comfortably above its expectation, was one of several at Sotheby’s on Thursday night after a wobble in the market the night before.
The sale had got off to a lacklustre start, with a collection estimated at $500m selling for just $377m, including significant works left unsold and collectors fearing an impending chill in the market.
Officials seemed to breathe a sigh of relief on Friday, with Simon Shaw, co-head of Impressionist and modern art worldwide, lauding what he called “a small sale that packed a real punch,” and saw “a very strong result for any various owner sale in the category.”
The auction house noted its $1.67 billion Impressionist and modern total for the year so far was already the highest in its 271-year history…(read more)
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