Art Market Monitor

The master, Judd Tully, gets the scoop on two big works for sale at Sotheby’s this Fall:

Word leaked out from a Sotheby’s luncheon for art advisers yesterday that the auction house has scored two major lots for what is otherwise expected to be a rather drab fall season.

• In its Impressionist and modern evening sale on November 4, Sotheby’s will offer a superb Alberto Giacometti painted bronze, L’homme qui chavire, sculpted in 1947 and cast sometime later, estimated at $8–12 million. The ultraslender falling man is being sold by publishing magnate S.I. Newhouse, Jr., who is believed to have acquired the work privately for a price in excess of $20 million.

• On November 11, Sotheby’s contemporary art evening sale will include Andy Warhol’s iconic 200 One Dollar Bills from 1962 (est. $8-12 million), a large-scale work measuring 80¼ by 92¼ inches. It last sold at auction at Sotheby’s New York at the famed Robert Scull estate sale in November 1986 for a then-record $385,000 (est. $175-225,000). That buyer is consigning the painting.

Sotheby’s Scores Two Big Lots for Fall (ArtInfo.com)