A portray by Rene Magritte shattered an public sale file for the surrealist artist on Tuesday, promoting for greater than $121 million at Christie’s in New York.
The seminal 1954 portray had been valued at $95 million, and the earlier file for a piece by Magritte (1898-1967) was $79 million, set in 2022.
After an almost 10-minute bidding battle on Tuesday, “Empire of Mild” (“L’Empire des lumieres”) was offered for $121,160,000, “attaining a world-record value for the artist and for a surrealist murals at public sale”, based on public sale home Christie’s.
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The portray — depicting a home at evening, illuminated by a lamp put up, whereas below a brilliant, blue sky — is certainly one of a sequence by the Belgian artist displaying the interaction of shadow and lightweight.
“Empire of Mild” was a part of the non-public assortment of Mica Ertegun, an inside designer who fled communist Romania to settle in the US the place she turned an influential determine within the arts world.
She died in late 2023 and was married to the late Ahmet Ertegun, the music magnate who based the Atlantic Information label.
The sale of the Magritte portray was an anticipated spotlight of this week’s autumn gross sales season in New York, at a time when the artwork market has seen a slowdown since final 12 months.
Christie’s — which is managed by Artemis, the funding holding firm owned by the Pinault household — mentioned gross sales totaled $2.1 billion within the first half of this 12 months.
That’s down for the second straight 12 months, after a peak of $4.1 billion in 2022 because the world emerged from the coronavirus pandemic.
Throughout the identical Christie’s public sale on Tuesday, a celebrated 1964 portray of a gasoline station by 86-year-old Ed Ruscha, titled “Customary Station, Ten-Cent Western Being Torn in Half,” offered for $68.26 million, setting a brand new public sale file for the American pop artist.
AFP
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