Art Market Monitor

Global Coverage ~ Unique Analysis

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

Late Picasso Continues Price Rise

October 5, 2011 by Marion Maneker

Helly Nahmad pointed out at Artelligence last month that he expected the prices for late works by masters like Picasso and Miró to continue to rise. Today, Katya Kazakina announces that Sotheby’s will be pushing the estimate range for a late Picasso work in November’s marquee auctions:

“L’Aubade,” which is more than 4 feet tall and 6 feet wide, could surpass the existing late-Picasso record of $18 million, paid for a gloomy 1964 canvas at Christie’s in New York last year.

“There’s still room for price appreciation, but in a more gradual, incremental manner,” said Todd Levin, director of New York-based Levin Art Group. “At around $30 million, one enters a new plateau where qualitatively better works by Picasso become available compared to works in the sub-$30 million range.”

Picasso Nude Lovers May Fetch Record $25 Million at Sotheby’s in New York (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  • Wynn’s Picasso Withdrawn from Christie’s SaleWynn’s Picasso Withdrawn from Christie’s Sale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: Artists Tagged With: 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