Pablo Picasso’s ‘La Gommeuse’ Breaks Record at Sotheby’s: Sold for $67.5 Million

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.

Auctioneer Henry Wyndham shows a Pablo Picasso artwork 'La Gommeuse' as it is auctioned at Sotheby's for $67,450,000, New York

Auctioneer Henry Wyndham shows a Pablo Picasso artwork ‘La Gommeuse’ as it is auctioned at Sotheby’s for $67,450,000, New York Photo: Getty Images

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.

Unusually, the work by Piccaso has another painting on the rear of the canvas, seen reflected and upside down, in the mirror.

Unusually, the work by Piccaso has another painting on the rear of the canvas, seen reflected and upside down, in the mirror. Photo: JULIAN SIMMONDS

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)

Source: Telegraph



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.