UNITED STATES: SOTHEBY'S AUCTION PRIVATE COLLECTION OF PICASSOS FOR 32 MILLION DOLLARS IN NEW YORK.

Record ID: 338301

  • Title: UNITED STATES: SOTHEBY'S AUCTION PRIVATE COLLECTION OF PICASSOS FOR 32 MILLION DOLLARS IN NEW YORK.
  • Date: 4th November 1993
  • Summary: NEW YORK, UNITED STATES (NOVEMBER 4, 1993) 1. GV EXTERIOR SOTHEBY'S. 0.09 2. WIDE VIEW OF GALLERY PICASSO WORKS ON WALL 0.18 3. SCU "FEMME NU A L'OISEAU ET FLUTISTE" BY PICASSO, DATED 1967, ESTIMATED WORTH BETWEEN 1 MILLION AND 1.5 MILLION DOLLARS. 0.24 4. SCU "FEMMES ET ENFANTS AU BORD DE LA MER" BY PICASSO, PAINTED IN 1932,ESTIMATED VALUE BETWEEN 2.5 AND 3.5 MILLION DOLLARS. 0.35 5. SV/GV AUCTIONEER CALLING SALE OF "VERRE, BOUQUET, GUITARE, BOUTEILLE" FOR 2.1 MILLION DOLLARS/ PRICE ON BOARD 0.46 6. GV/SV AUCTIONEER CALLING SALE OF "FEMMES ET ENFANTS AU BORD DE LA MER" FOR 4 MILLION DOLLARS/ PRICE ON BOARD 1.00 Initials Script is copyright Reuters Limited. All rights reserved.
  • Embargoed: 19th November 1993 12:00
  • Keywords:
  • Location: NEW YORK, UNITED STATES
  • City:
  • Country: USA
  • Reuters ID: LVA2FQ6EE0GW0OR77PUGYLFJ6MVA
  • Story Text: Sotheby's auction rooms in New York sold an entire private collection of 88 works of art by Pablo Picasso for 32 million United States (U.S.) dollars on Thursday (November 4), ending two days of auctions of Impressionist and modern art on a high note.

    In a night that made up in enthusiasm what it lacked in high drama, the auction house managed to raise one million dollars more than the high pre-sale estimate for the paintings, drawings, sculptures and one glazed ceramic plate.

    The success of the Picasso sale and two days of solid sales of Impressionist and modern art means that Sotheby's has now earned 93 million dollars, the highest total in its biannual auctions since the art market collapsed early in 1991.

    The top price at the Picasso auction was 4.4 million dollars, including commission, paid by a private U.S. buyer for a large 1932 painting entitled "Femmes et enfants au bord de la mer".

    The works spanning the artist's entire career, from 1899 to 1972, were owned by Stanley Seeger, a private collector from the United States but living in Switzerland.


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