$40.4 Million Klimt, Museum's Monet Boost Sotheby's Auction

  • November 02, 2011 20:54

  • Email
"Litzlberg am Attersee" (1915) by Gustav Klimt sold for $40.4 million at Sotheby's on Nov. 2, 2011.
Sotheby's

A Gustav Klimt landscape painting that was stolen by the Nazis from its Jewish owner brought $40.4 million at Sotheby’s near-$200 million Impressionist and modern art sale in New York on Wednesday evening.

The Museum of Modern Art in Salzburg, Austria, recently returned the work to retired Montreal camera shop owner Georges Jorisch, the grandnephew of Amalie Redlich, an Austrian Jewish woman who owned “Litzlberg am Attersee” (1915) until the Gestapo sold her art collection. She disappeared after being deported to Poland.

The buyer was Zurich dealer David Lachenmann who was bidding on behalf of a client, according to Bloomberg.

The sale totaled $199.8 million, in the middle of estimates, with just 13 of 70 lots failing to sell, a performance far better than competitor Christie's sale on Tuesday which brought $140.7 million, with 31 of 82 works going unsold.

Selective buyers responded to fresh material and reasonable estimates.

Among the notable results was Tamara de Lempicka's sensuous portrait "La Reve (Rafaela Sur Fond Vert,' painted in 1927, which reached $8.4 million, over its high estimate of $7 million.

Seven out of 8 offered works by Max Ernst sold, including his exurberant World War II-period painting "Convolvulvus! Convolvulvs!" which brought $3.4 million. The artist achieved a record price the night before at Christie's for "The Stolen Mirror," which quadrupled its low estimate to bring $16.3 million.

A Claude Monet, "Antibes, Le Fort," of 1888, consigned by the Museum of Fine Arts, Boston, for its acquistion fund, fetched $9.2 million, well above its $5-7 million estimate.

From a private collection, an Edgar Degas bronze horse sculpture earned $2.2 million, over a $1.2 million high estimate.

Gustave Caillebotte's "Le Pont D'Argenteuil et la Seine," a vibrant river scene by the Impressionist, doubled its low estimate to bring $18 million.

A suite of Matisse bronzes "Les Nus de Dos (The Backs)", estimated at $20 million to $30 million, were sold privately prior to the auction by consignor The Burnett Foundation. Sotheby's brokered the sale for an unspecified amount.

(Prices realized include commissions.)


  • Email

More News Feed Headlines

Damien Hirst, In and Out of Love (Butterfly Paintings and Ashtrays) (detail), 1991, © Damien Hirst and Science Ltd.  All rights reserved / DACS, London / ARS, NY 2020.

'Love, Life, Death, and Desire' Exhibition Opens at Yale Center for British Art

  • ArtfixDaily / October 14th, 2020

Damien Hirst’s seminal installation In and Out of Love (Butterfly Paintings and Ashtrays) is ...

Read More...
Wayne Thiebaud, Watermelon and Knife, 1989.  Pastel on paper, 8 5/8 x 9 1/2 in.  Crocker Art Museum, gift of the Artist's family, 1995.9.30.  © 2019 Wayne Thiebaud / Licensed by VAGA at Artists Rights Society (ARS), NY.

ARTFIXdaily Closed Week of October 18

  • ArtfixDaily / October 18th, 2020

ARTFIXdaily will be closed the week of October 18. Subscriber e-newsletter service will resume October 26. ...

Read More...
Ming Smith, America seen through Stars and Stripes, New York City, New York, printed ca.  1976.  Gelatin silver print, sheet: 15 3/4 × 20 in.  (40.01 × 50.8 cm), image: 12 1/2 × 18 1/2 in.  (31.75 × 46.99 cm).  Virginia Museum of Fine Arts, Adolph D.  and Wilkins C.  Williams Fund, 2016.241.  © Ming Smith

Whitney to Present Exhibition of Kamoinge Workshop Photographers this November

  • ArtfixDaily / October 15th, 2020

This November, the Whitney presents Working Together: The Photographers of the Kamoinge Workshop, a groundbreaking ...

Read More...
Egon Schiele's Liegendes Madchen mit roter Bluse is offered at Christie's Paris.

Deutsche Bank Is Refocusing Its Art Collection Starting With a Downsize of Historical Works

  • Forbes / October 14th, 2020

Deutsche Bank, which holds around 55,000 artworks—one of the world's largest corporate art collections—will sell ...

Read More...

ARTFIXdaily Artwire