A large bronze sculpture of a woman’s back by Henri Matisse sold on Wednesday for nearly $49 million in New York, setting a new record for the French impressionist.
Measuring 189.2cm, Nu de dos was the star of the auction at Christie’s. It went under the hammer just a day after rival Sotheby’s auctioned an Amedeo Modigliani painting for a record $69 million.
Nu de dos, 4 etat (Back IV), had been estimated to sell for between $25 and $35 million, before a bidding war sent the price spiralling to $48,802,500. Christie’s called the sale “extraordinary”.
A record was also set at Christie’s for Juan Gris, whose cubist oil on canvas painting, Violon et guitare, sold for $28.6 million. The painting had been estimated to sell for between $18 and $25 million.
The stunning Matisse sale injected high energy into an often muted auction, where the $231 million total haul came in at the lower end of the pre-auction estimate of $198.3 to $286.6 million.
Aside from Matisse, Gris and a few other standouts, there were a number of disappointments for Christie’s.
Two paintings by Picasso, another by Pierre-Auguste Renoir, one by Edgar Degas and an Auguste Rodin sculpture were among the works that failed to sell.
Many other lots were sold at below their pre-auction low estimates or at barely within the estimates, while those exceeding expectations were comparatively rare.
On Tuesday, Sotheby’s saw an even bigger hit when Modigliani’s circa 1917 canvas, titled Nu assis sur un divan (La Belle Romaine), catapulted beyond a pre-sale estimate in the region of $40 million.
Another highlight of Tuesday’s auction was $24.7 million for Claude Monet’s Le Bassin aux Nympheas, part of his iconic water lilies series.
Both Christie’s and Sotheby’s had predicted a surge in demand ahead of this year’s autumn auctions, with the art market emerging from a slump triggered by the global financial crisis.
After this week’s impressionist and modern sales, attention shifts next week to contemporary art, starting with Sotheby’s on November 9.
A Mark Rothko abstract painting absent from the market for four decades could lead the sale, with an estimate of $20 to $30 million.
On November 10, Christie’s will feature what it hopes will be $240 million worth of sales led by Andy Warhol, Roy Lichtenstein, Jeff Koons, Gerhard Richter and Rothko.
Meanwhile, France’s culture ministry confirmed that a Degas painting, Blanchisseuses souffrant des dents (Laundry Women with Toothache), had been withdrawn from auction at Sotheby’s after it emerged that it had been stolen from a French museum in 1973.
Sotheby’s had estimated its value at between $350,000 to $450,000.