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Magritte painting fetches $26.8 million in NY
NEW YORK, Nov 13, 2018 (BSS/AFP) – A painting by Rene Magritte sold for
$26.8 million Monday at a Sotheby’s auction in New York, setting a record for
a work by the Belgian surrealist.
The painting entitled “Le principe du plaisir” topped the price fetched by
“La corde sensible”, which was sold in February 2017 in London for $17.9
million.
Sotheby’s had estimated the painting sold Monday as being worth 15 to 20
million dollars. It said seven collectors — an unusually high number — bid
for it.
Other paintings on offer on the second night of the autumn art auctions in
New York also surpassed their estimated value.
“Improvisation on Mahogany” by Russian-born Wassily Kandinsky, fetched
$24.2 million, compared to its pre-sale estimate of 15-20 million dollars.
A painting that was supposed to be one of the main attractions of the
auction failed to lure a buyer.
It was Marsden Hartley’s “Pre-War Pageant”, considered to be one of the
first totally abstract works in the history of American art.
It was estimated at $30 million, nearly five times the record for that US
painter.
On Sunday, the Vincent Van Gogh Painting “Coin de jardin avec papillons”,
estimated at $40 million, went begging at a Christie’s auction of
Impressionist and Modern art.
The fall art auctions continue through Thursday evening.
BSS/AFP/MSY/1333 hrs