Gerhard Richters from Lay's Potato Chips Founder Collection Top Dallas Auction

Lot 81: Gerhard Richter, "Untitled (7.6.84)" watercolor and color crayon on paper.  Provenance: From the family of Mimi and Herman W.  Lay, founder of H.W.  Lay & Company (makers of Lay's potato chips) and former CEO of Frito Lay and PepsiCo.  Gerhard Richter (German, b.  1932).  Estimate: $40,000-$60,000 Sold for: $120,000.00 (buyer’s premium not included).
Lot 81: Gerhard Richter, "Untitled (7.6.84)" watercolor and color crayon on paper. Provenance: From the family of Mimi and Herman W. Lay, founder of H.W. Lay & Company (makers of Lay's potato chips) and former CEO of Frito Lay and PepsiCo. Gerhard Richter (German, b. 1932). Estimate: $40,000-$60,000 Sold for: $120,000.00 (buyer’s premium not included).
(Dallas Auction Gallery)
  •  Lot 82: Gerhard Richter, "Untitled (2.6.84)" watercolor nd color crayon on paper.  Provenance: From the family of Mimi and Herman W.  Lay, founder of H.W.  Lay & Company (makers of Lay's potato chips) and former CEO of Frito Lay and PepsiCo.  Gerhard Richter (German, b.  1932).  Estimate: $40,000-$60,000 Sold for: $110,000.00 (buyer’s premium not included)

    Lot 82: Gerhard Richter, "Untitled (2.6.84)" watercolor nd color crayon on paper. Provenance: From the family of Mimi and Herman W. Lay, founder of H.W. Lay & Company (makers of Lay's potato chips) and former CEO of Frito Lay and PepsiCo. Gerhard Richter (German, b. 1932). Estimate: $40,000-$60,000 Sold for: $110,000.00 (buyer’s premium not included)

    Dallas Auction Gallery

 

 

The continued strength and international appeal of Modern and Contemporary art was evident in the exceptional prices achieved at Dallas Auction Gallery’s October 24th sale. The highlights of the evening sale were two works on paper by Gerhard Richter which both fared exceptionally well with aggressive interest from telephone bidders and from floor bidders.  “Untitled (7.6.84)” and “Untitled (2.6.84)”, sold for an impressive $120,000 and $110,000, respectively, against a pre-sale estimate of $40,000 – 60,000 each.   

 

Modern and Contemporary artists were well represented. A Pablo Picasso graphite drawing from 1921 sold for $55,000, a Henry Moore bronze of a Seated Figure sold for $22,000 and a large acrylic on canvas by Leon Golub, “The Assasin” sold for $37,500.

 

French artists sold strongly including works by, Eugene Galien-Laloue, “Place de la Republique” gouache on paper sold for $18,000 against a pre-sale estimate of $8,000 – $12,000 and an oil on canvas by Bernard Buffet executed in 1959 sold for $42,500.

Dallas Auction Gallery is excited to announce the appointment of Michelle Castro as Director of Fine Arts.  Ms. Castro has built a strong reputation in the art market through her extensive gallery and auction house experience in New Orleans.  Private collectors, art institutions and estate representatives all value the careful eye and discretion of Ms. Castro. 

Dallas Auction Gallery is now accepting quality consignments for their April 17th, 2013 Modern & Contemporary Art Auction.

 Highlights of the October 24th auction include:

Lot 81:

Gerhard Richter, "Untitled (7.6.84)" watercolor   and color crayon on paper. Dated in pencil lower right "7.6.84" and pencil signed lower right "Richter"; signed and dated in pencil on the reverse "Richter, 7. Juni 84". Sheet: 6.5"H x 9.5"W; Frame: 14"H x 16.5"W. This work is registered with the Gerhard Richter Archiv, Staatliche Kunstsammlungen Dresden. A certificate from the Gerhard Richter Archiv accompanies this lot.  Provenance: From the family of Mimi and Herman W. Lay, founder of H.W. Lay & Company (makers of Lay's potato chips) and former CEO of Frito Lay and PepsiCo. Gerhard Richter (German, b. 1932). Estimate: $40,000-$60,000

Sold for: $120,000.00 (buyer’s premium not included)

 Lot 82:

Gerhard Richter, "Untitled (2.6.84)" watercolor nd color crayon on paper. Dated in pencil lower right "2.6.84" and pencil signed lower right "Richter"; signed and dated in pencil on the reverse "Richter, 2. 6. 84".  Sheet: 6.5"H x 9.5"W; Frame: 14"H x 16.5"W. This work is registered with the Gerhard Richter Archiv, Staatliche Kunstsammlungen Dresden. A certificate from the Gerhard Richter Archiv accompanies this lot. Provenance: From the family of Mimi and Herman W. Lay, founder of H.W. Lay & Company (makers of Lay's potato chips) and former CEO of Frito Lay and PepsiCo. Gerhard Richter (German, b. 1932). Estimate: $40,000-$60,000

 Sold for: $110,000.00 (buyer’s premium not included)

 Lot 90:

Pablo Picasso, "Nu Couche" pencil on paper, executed in 1921. Signed lower left "Picasso". Sheet: 7.375"H x 10.5"W; Frame: 12.5"H x 13.75"W. Pablo Picasso (Spanish, 1881-1973). This lot is accompanied by a photo certificate issued by Maya Widmaier Picasso dated May 2000. Provenance: Galerie Kaethe Perls, Paris; Lee A. Ault, New York; Perls Galleries, New York; Sotheby's New York, November 8, 2001, lot. 255; Private collection, Dallas, Texas. Estimate: $40,000-$60,000

Sold for: $55,000.00 (buyer’s premium not included)

 

Lot 55:

Carlos Cruz-Diez, "Couleur Additive - Demi Cercle"acrylic on canvas, from Serie Furru 2, executed in 2000. Titled, dated and signed "Cruz-Diez" on the reverse. With gallery label on the reverse "Gabinete de Arte Raquel Arnaud". Unframed. Canvas: 39.25"H x 39.25"W. Carlos Cruz-Diez (Venezuelan, b. 1923). Provenance: Raquel Arnaud Gallery, Sao Paulo, Brazil; Private collector, New York. This work is registered in the archives of the Carlos Cruz-Diez Foundation, Paris, France. Estimate: $25,000-$35,000

Sold for: $27,500.00 (buyer’s premium not included)

Lot 84:

Leon Golub, "The Assassin" acrylic on burlap,  executed in 1972. Signed lower right "Golub", titled and signed "Golub" on the reverse. Unframed. Burlap: 92"H x 57"W. This work is recorded in the Leon Golub Archive as No. LG72A. Estimate: $25,000-$35,000

 Sold for: $37,500.00 (buyer’s premium not included)

Lot 66:

Henry Moore, "Seated Figure: Cross Hatch" bronze  with brown and green patina, 1961. Signed and numbered on the reverse "Moore 8/9"; stamped with foundry mark on the right side "H. NOACK BERLIN". 5.25"H; overall 6.75"H. Henry Moore (British,1898-1986). Reference: Alan Bowness, "Henry Moore: Sculkptures and Drawings" Volume 3, Percy Lund, Humphries and Company Ltd., 1965, catalogue number 484, illustarated on page 108. Provenance: Collection of Mr. and Mrs. I. C. Deal; Acquired in 1981 from Stephen Mazoh and Co., Inc., New York. Mr. and Mrs. I. C. Estimate: $15,000-$25,000

 Sold for: $22,000.00 (buyer’s premium not included)

Lot 54:

Lui Liu, "Requiem vs. Rejuvinesce" oil on canvas. Signed in pinyin and dated "1992.5" lower right. Canvas: 27.25"H x 33.25"W; Frame: 35"H x 42"W. Provenance: Acquired directly from the artist by a private collector, Dallas, Texas. A graduate of the Central Academy of Fine Arts in Beijing, China, Lui Liu (Chinese, b. 1957) now resides in Toronto, Canada. His works are derived from fantasy and he skillfully uses the classic colors of Western art providing the viewer a rich aesthetic and surreal experience. Estimate: $15,000-$25,000.00

Sold for: $32,500.00 (buyer’s premium not included)

 About Dallas Auction Gallery

 A family-owned business, Dallas Auction Gallery is an international antiques and fine art auction house. The Gallery offers only the highest quality antiques and fine art, as well as impeccable client service and effortless, seamless transactions for both buyers and sellers. DAG’s highly trained appraisers and auction specialists provide full-service estate consignment management and professional promotion and marketing, all designed to maximize values with the utmost integrity and personal service.  Both buyers and sellers appreciate the Gallery’s hands-on approach, simplified fee structure, and ability to handle estates of any size. For more information, please visit www.dallasauctiongallery.com or call 214-653-3900

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