Art Market Monitor

Global Coverage ~ Unique Analysis

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

Marina Picasso’s $10.3m White Glove Sale

May 21, 2017 by Marion Maneker

Pablo Picasso
Personnages dans une ville du midi
Watercolor, brush and ink and ink wash on paper
Executed in Cannes on July 23, 1933.
Estimate: $30/50,000
Sold for $372,500

Buried beneath all of the big Basquiat news last week was this almost unexpected sale of Picasso works on paper and ceramics from his granddaughter Marina Picasso who is divesting herself of the artist’s work. The sale was 100% sold and made $10.3m against a high estimate of $4.6m:

Scott Niichel, Co-Head of Sotheby’s Impressionist & Modern Art Day Sale, said: “The phenomenal results of today’s ‘Picasso Man & Beast’ auction completed our Impressionist & Modern Art sales for the week, with prices far exceeding their pre-sale estimates and achieving rare ‘white glove’ status, with all 111 works on offer successfully sold. Collectors from around the globe aggressively competed for the opportunity to own these works on paper and unique ceramics, all featuring Picasso’s most celebrated styles, genres and subjects. We are grateful to Marina Picasso for again entrusting us with works from her distinguished collection, following the success of ‘Picasso in Private’ held in Sotheby’s London in February 2016.”

More from Art Market Monitor

  • This Week's GuaranteesThis Week's Guarantees
  • Modern Art Ascendant: London Imp-Mod Market AnalysisModern Art Ascendant: London Imp-Mod Market Analysis
  • Sotheby’s Has $25m 1932 Picasso ‘Le Repos’ for MaySotheby’s Has $25m 1932 Picasso ‘Le Repos’ for May
  • Christie’s Surprise Picasso Buyer and Other Tales From a Long SaleChristie’s Surprise Picasso Buyer and Other Tales From a Long Sale
  • Picasso Portait of Jacqueline Leads Christie’s NY Sale in NovemberPicasso Portait of Jacqueline Leads Christie’s NY Sale in November
  • Christie’s Has $32m Picasso Marie-Thérèse Portrait for JuneChristie’s Has $32m Picasso Marie-Thérèse Portrait for June

Filed Under: Auction Results Tagged With: Modern, New York, Picasso

About Marion Maneker

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

Top Posts

  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • For 2020, Phillips Brought in Total of $760.4 million, Down 16 Percent from 2019; Asia Sales Up 24 Percent
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Soulages First Owned by Senegalese Poet-Politician Léopold Sédar Senghor Sells in France
  • A Season of Resilience: Fall 2020 Hong Kong Auction Analysis
  • Gorky, Kandinsky Works to Make First Public Appearance Since 1970s at Sotheby's
  • Tony Podesta's Secret Art Buying
  • A Season of Improvisation: Fall 2020 New York Modern and Contemporary Art Auction Analysis
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • 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