Record-Smashing Juan Gris Tops Christie's $288 Million Sale

  • “Nature Morte a la Nappe a Carreaux” by Juan Gris brought $56.8 million at Christie's on Feb.  4, 2014.

    “Nature Morte a la Nappe a Carreaux” by Juan Gris brought $56.8 million at Christie's on Feb. 4, 2014.

    Christie's

A work by Juan Gris catapulted to nearly three-times its estimate to fetch $56.8 million at Christie's in London on Tuesday. The price sets a new level for the Spanish painter in a sale marked with enthusiasm for "fresh to market" lots. The sale total of $288 million did not include 24 lots from a collection of Joan Miró works that were pulled just hours before going under the gavel.

Christie's withdrew the 85-piece collection of paintings, drawings, sculptures and collages, catalogued as “Miro: Seven Decades in His Art” and consigned by the Portugeuse Republic, over legal disputes.

Protestors in Portugal called to halt the sale of the Miros, valued at about $49 million in total. Government offcials wanted sale proceeds to help alleviate Portugal's more than €200 billion in debt. The artworks became state property after a failing bank, Banco Português de Negócios, was nationalized in 2008.

Even with the withdrawal of the Mirós (24 of which had been slated for Tuesday), the sale came to $288 million, within its pre-sale estimate of $223 million to $324 million. Christie's said in a statement that the results "represent the highest total for a sale held in London in any category."

The record-setting Juan Gris (1887-1927) painting, Nature morte à la nappe à carreaux, 1915, was one of the "fresh" works to come from a private Swiss collection, formed between the 1920s and 1970s. The artist's previous record was $28.6 million set in 2010 for a still-life with guitar and violin.

On Feb. 5, "Asian Private" buyer(s) acquired four of the top ten lots in Christie's Impressionist and Modern Works on Paper sale. The sale brought a total £ 5,392,100 /$8,789,123 with 69 of 84 lots sold.

The Impresisonist Modern Day Sale brought a total £11,998,700/$19,557,8881 with a tie at $1,079,875 for the top lot ranking: Kurt Schwitters's (1887-1948), Das Schwert des deutschen Geistes, 1935, and Pablo Picasso's (1881-1973), Grand vase aux femmes voiles, 1950.

More News Feed Headlines

Circle of Animals/Zodiac Heads by Ai Weiwei, 2010

Auction Record for Ai Weiwei's Zodiac Heads in London

  • February 15, 2015 23:19

A near-billion-dollar two weeks of Impressionist, modern, post-war, and contemporary art sales ended in London with an auction record for Chinese dissident artist Ai Weiwei.

Read More

 "Boy and Girl Gazing at the Moon (Puppy Love)" by Norman Rockwell.

A Sweet Gift for the Norman Rockwell Museum

  • February 12, 2015 19:10

The Norman Rockwell Museum in Stockbridge, Mass., has announced a gift of one of the artist's most recognizable--and sweet--works.

Read More

A 1970 Cy Twombly "blackboard" painting sold for $30 million in London.

Cy Twombly Tops $178.4 Million Christie's Sale

  • February 12, 2015 19:09

One of Cy Twombly's scribbly "blackboard" works fetched $30 million to lead Christie's auction in London.

Read More

'Jimson Weed/White Flower No 1', a 1932 painting by Georgia O'Keeffe fetched a record price of $44.4 million at Sotheby's in fall 2014.

Buyer of Record-Setting Georgia O'Keeffe Revealed

  • February 11, 2015 22:20

After an iconic white flower painting ranked the work of Georgia O'Keeffe at the top of the market for any female artist, mystery shrouded the identity of the buyer.

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

ArtfixDaily Artwire