{"id":20742,"date":"2015-05-12T12:18:30","date_gmt":"2015-05-12T12:18:30","guid":{"rendered":"https:\/\/rehs.com\/blog\/?p=20742"},"modified":"2023-12-18T07:28:18","modified_gmt":"2023-12-18T12:28:18","slug":"picasso-giacometti-each-top-100-million","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2015\/05\/picasso-giacometti-each-top-100-million\/","title":{"rendered":"Picasso &amp; Giacometti Each Top $100 Million"},"content":{"rendered":"<p>Last night&#8217;s sale was expected to bring in about $500M and with the auction&#8217;s commission, the total eclipsed $700M ($705.9M). \u00a0It is important to note that of the 35 lots offered, more than half had some sort of guarantee &#8230; basically, they were sold before the sale even started.<\/p>\n<p>&nbsp;<\/p>\n<p>Top seller was the record setting Picasso at $179.4M with fees and coming in second was a Giacometti (owned by Sheldon Solow and expected to bring $130M) that brought $126M ($141.3M with fees). \u00a0 \u00a0It missed its projected target, but are we going to worry about that? \u00a0Probably not since $141.3M is now the record auction price for a sculpture.<\/p>\n<p>&nbsp;<\/p>\n<p>Normally the auction rooms will give some indication in their post-sale release as to the location of the buyers &#8230; as of now, the top 10 lots all show as &#8216;anonymous&#8217;. \u00a0It will be interesting to see how many of them were acquired by Asian buyers. \u00a0We all know that the salerooms are always chasing the dollars and this time it is my bet that it will be some of those Hong Kong dollars.<\/p>\n<p>&nbsp;<\/p>\n<p>In case you want to read what Scott Reyburn has to say about last night&#8217;s record breaking sale, here is a link to his article in <a href=\"http:\/\/artsbeat.blogs.nytimes.com\/2015\/05\/11\/two-art-works-top-100-million-each-at-christies-sale\/?hp&amp;action=click&amp;pgtype=Homepage&amp;module=first-column-region&amp;region=top-news&amp;WT.nav=top-news&amp;_r=0\">The New York Times<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div style=\"width: 316px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/artsbeat.blogs.nytimes.com\/2015\/05\/11\/two-art-works-top-100-million-each-at-christies-sale\/?hp&amp;action=click&amp;pgtype=Homepage&amp;module=first-column-region&amp;region=top-news&amp;WT.nav=top-news&amp;_r=0\"><img decoding=\"async\" class=\"\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2015\/05\/12AUCTION-tmagArticle.jpg\" alt=\"12AUCTION-tmagArticle\" width=\"306\" height=\"239\" \/><\/a><p class=\"wp-caption-text\">Pablo Picasso \u201cLes Femmes d\u2019Alger (Version \u2018O\u2019)\u201d<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Last night&#8217;s sale was expected to bring in about $500M and with the auction&#8217;s commission, the total eclipsed $700M ($705.9M). \u00a0It is important to note that of the 35 lots offered, more than half had some sort of guarantee &#8230; &hellip; <a href=\"https:\/\/rehs.com\/eng\/2015\/05\/picasso-giacometti-each-top-100-million\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[20,54,11,9],"class_list":["post-20742","post","type-post","status-publish","format-standard","hentry","category-rehs-galleries","category-rehs-contemporary","tag-auction-results","tag-record-prices","tag-rehs-contemporary-news","tag-rehs-galleries-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Picasso &amp; Giacometti Each Top $100 Million<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2015\/05\/picasso-giacometti-each-top-100-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Picasso &amp; Giacometti Each Top $100 Million\" \/>\n<meta property=\"og:description\" content=\"Last night&#8217;s sale was expected to bring in about $500M and with the auction&#8217;s commission, the total eclipsed $700M ($705.9M). \u00a0It is important to note that of the 35 lots offered, more than half had some sort of guarantee &#8230; &hellip; More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2015\/05\/picasso-giacometti-each-top-100-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/howard.rehs\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-12T12:18:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-18T12:28:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2015\/05\/12AUCTION-tmagArticle.jpg\" \/>\n<meta name=\"author\" content=\"Howard L. 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