Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Andrew Lloyd Webber Wants to Sell

March 17, 2010 by Marion Maneker

With the restitution claims settled, Andrew Lloyd Webber’s foundation can finally sell their blue period Picasso. Lindsay Pollock reports that the painting will be in the June Impressionist and Modern Sale at Christie’s in London.

Picasso’s blue period 1903 Portrait of Angel Fernandez de Soto,  depicting a sullen, louche booze-hound, has been re-consigned to Christie’s for sale on June 23 during the London evening Impressionist and modern art auction. The work is estimated to fetch £30 to £40 million pounds ($46 million-$61 million).

Bloomberg’s Scott Reyburn, who seems to have had the news straight from Christie’s, adds this illuminating quote one who the market is for such a painting:

“A ‘Blue Period’ Picasso is the sort of painting that could appeal to a new Chinese buyer,” Giovanna Bertazzoni, head of Christie’s London-based Impressionist and modern department, said in an interview. “There is a new breed of Medici-style collectors who want to buy exceptional art from any period.”

Andrew Lloyd Webber’s $61m Blue Period Picasso Back at Christie’s (LindsayPollock.com)

Lloyd Webber to Sell $60.9m Picasso for Charity (Bloomberg)

More from Art Market Monitor

  • The Changing Market Mix for Impressionist and Modern Art, 2007-2017The Changing Market Mix for Impressionist and Modern Art, 2007-2017
  • Christie’s Has a $25m Picasso Marie-Thérèse for NovemberChristie’s Has a $25m Picasso Marie-Thérèse for November
  • Christie’s £18m Brings Dora Maar to LondonChristie’s £18m Brings Dora Maar to London
  • Wynn’s Picasso Withdrawn from Christie’s SaleWynn’s Picasso Withdrawn from Christie’s Sale
  • Christie’s Rebecca Wei Telegraphs Chinese Rockefeller InterestChristie’s Rebecca Wei Telegraphs Chinese Rockefeller Interest
  • Sotheby’s Has 1932 Picasso Marie-Thérèse for JuneSotheby’s Has 1932 Picasso Marie-Thérèse for June

Filed Under: Collectors Tagged With: Andrew Lloyd Weber, Picasso

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...