{"id":44837,"date":"2022-05-06T16:01:44","date_gmt":"2022-05-06T20:01:44","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=44837"},"modified":"2024-04-09T03:24:48","modified_gmt":"2024-04-09T07:24:48","slug":"sothebys-modern-online-sale","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2022\/05\/sothebys-modern-online-sale\/","title":{"rendered":"Sotheby&#8217;s Modern Online Sale"},"content":{"rendered":"\n\n\t<div id=\"attachment_44854\" style=\"width: 250px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/05\/Renoir-Pommes.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-44854\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/05\/Renoir-Pommes-300x198.jpg\" alt=\"A still-life of apples on a table by the French impressionist Pierre-Auguste Renoir sold at Sotheby's\" width=\"240\" height=\"158\" \/><\/a><p id=\"caption-attachment-44854\" class=\"wp-caption-text\"><em>Composition, Pommes<\/em> by Pierre-Auguste Renoir<\/p><\/div>\n<p>Sotheby&#8217;s modern and impressionist online auction on Wednesday, May 4th, may not have had any multimillion-dollar lots, but it was nonetheless a great sale for Sotheby&#8217;s. It garnered a good bit of attention, likely because many of the featured works were once in the collection of Marina Picasso. The modern master&#8217;s granddaughter is one of the five members of the Picasso Administration, the organization that oversees the artist&#8217;s estate. I&#8217;ve previously written about Marina Picasso when she and her son Florian unsuccessfully <a href=\"https:\/\/rehs.com\/eng\/2022\/02\/hold-your-horses-or-picassos\/\">attempted to mint NFTs<\/a> based on Picasso ceramics they own.<\/p>\n<div id=\"attachment_44855\" style=\"width: 302px\" class=\"wp-caption alignright\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/05\/Denis-Nausicaa.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-44855\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/05\/Denis-Nausicaa-300x211.jpg\" alt=\"The painting Nausicaa by Maurice Denis showing a scene from the Odyssey\" width=\"292\" height=\"206\" \/><\/a><p id=\"caption-attachment-44855\" class=\"wp-caption-text\"><em>Nausicaa<\/em> by Maurice Denis<\/p><\/div>\n<p>The modern and impressionist department specialists accurately predicted two of the top three lots: Pierre-Auguste Renoir&#8217;s 1898 work <em>Composition, Pommes<\/em> is just a simple still-life of apples on a countertop. It was estimated to go for anywhere between \u00a3150K and \u00a3200K, selling for \u00a3160K \/ $199.8K (or \u00a3259.7K \/ $324.3K w\/p). The lot directly following the Renoir was Maurice Denis&#8217;s oil on canvas work entitled <em>Nausicaa<\/em>. While some may know the title from the 1984 Hayao Miyazaki film <em>Nausica\u00e4 of the Valley of the Wind<\/em>, it originates in classical mythology. The painting by Denis shows a scene from the Odyssey, where Odysseus washes up on the beaches of Phaeacia after surviving a shipwreck. He wanders through the woods naked until he stumbles upon Nausicaa and her servants washing clothes. Following this scene, Nausicaa gives Odysseus some clothes to wear so he can come with her to her parents and retell the story of his journey home thus far. Denis&#8217;s treatment of the scene was estimated to go for \u00a380K to \u00a3120K. In the end, I think both the work&#8217;s size (41 x 55 inches) and the familiarity of the subject caused it to exceed the specialists&#8217; expectations and reach \u00a3160K \/ $199.8K (or \u00a3201.6K \/ $251.7K w\/p).<\/p>\n<div id=\"attachment_44856\" style=\"width: 282px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/05\/Marquet-EnvironsdAlger.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-44856\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/05\/Marquet-EnvironsdAlger-300x234.jpg\" alt=\"A 1920 landscape of Algiers by Albert Marquet sold at Sotheby's\" width=\"272\" height=\"212\" \/><\/a><p id=\"caption-attachment-44856\" class=\"wp-caption-text\"><em>Environs d&#8217;Alger<\/em> by Albert Marquet<\/p><\/div>\n<p>The third-place lot was a bit of a surprise since it was only thought to fetch \u00a320K to \u00a330K. Albert Marquet&#8217;s <em><a href=\"https:\/\/rehs.com\/Jules_Dupr%C3%A9_The_Environs_of_Plymouth.html\">Environs<\/a> d&#8217;Alger<\/em> is a landscape from 1920 showing the city of Algiers. While you can only make out a few of the buildings in the distance, the foreground is colored with many shades of green from the hillside vegetation. The line where the city meets a Mediterranean bay is also rather distinct. While not expected to get anywhere near the top three, Marquet&#8217;s landscape reached \u00a3120K \/ $149.8K (or \u00a3151.2K \/ $188.8K w\/p). The one lot that Sotheby&#8217;s specialists misjudged was Odilon Redon&#8217;s painting <em>Oph\u00e9lie<\/em>, which was set to bring in just as much as the Renoir but was unfortunately passed over and went unsold.<\/p>\n<div id=\"attachment_44857\" style=\"width: 247px\" class=\"wp-caption alignright\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/05\/Redon-Sothebys.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-44857\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/05\/Redon-Sothebys-239x300.png\" alt=\"A portrait entitled Oph\u00e9lie by Odilon Redon sold at Sotheby's\" width=\"237\" height=\"298\" \/><\/a><p id=\"caption-attachment-44857\" class=\"wp-caption-text\"><em>Oph\u00e9lie<\/em> by Odilon Redon<\/p><\/div>\n<p>But Sotheby&#8217;s may have missed the mark when predicting how much some would spend on the sale&#8217;s Picasso ink-on-paper drawings. According to Sotheby&#8217;s provenance information, both his <a href=\"https:\/\/sothebys-md.brightspotcdn.com\/dims4\/default\/8046045\/2147483647\/strip\/true\/crop\/2000x1270+0+0\/resize\/800x508!\/quality\/90\/?url=http%3A%2F%2Fsothebys-brightspot.s3.amazonaws.com%2Fmedia-desk%2Fb2%2F4c%2F3c4299b3498e913d38233ad96786%2Fl22005-bykvc-01.jpg\"><i>\u00c9tude de personnages<\/i><\/a> and <a href=\"https:\/\/sothebys-md.brightspotcdn.com\/dims4\/default\/0621af9\/2147483647\/strip\/true\/crop\/1767x2000+0+0\/resize\/800x905!\/quality\/90\/?url=http%3A%2F%2Fsothebys-brightspot.s3.amazonaws.com%2Fmedia-desk%2F41%2Fc8%2Fad9ca48a4e11916ad76d82fcc349%2Fl22005-bykts-01.jpg\"><i>\u00c9tude de t\u00eate<\/i><\/a> were created in the 1920s and were &#8220;unlawfully removed&#8221; from Picasso&#8217;s studio. While my first thought was that the drawings had been looted during the Second World War, it&#8217;s more likely that a visitor or an assistant stole the pictures. This would have been especially easy for <i>\u00c9tude de t\u00eate<\/i> since it only measures 4\u00bc x 3\u00be inches. Though estimated to go for only \u00a3800 and \u00a31K, respectively, the name recognition Picasso has decades after his death resulted in several bidding wars over the drawings. <i>\u00c9tude de t\u00eate <\/i>sold for seven-and-a-half times its estimate at \u00a315K \/ $18.7K (or \u00a318.9K \/ $23.6K w\/p). Meanwhile, <i>\u00c9tude de personnages <\/i>did even better when it destroyed the specialists&#8217; predictions and sold for \u00a311K \/ $13.7K (or \u00a313.86K \/ $17.3K w\/p), close to fourteen times its estimate.<\/p>\n<p>Of the one hundred forty-six available lots, 45% sold above estimate, while an additional 38% sold within estimate. Only seven lots sold below estimate, and eighteen went unsold. Prior to the sale, Sotheby&#8217;s experts predicted the whole auction would bring in anywhere between \u00a32.44M and \u00a33.55M. So it&#8217;s safe to say that everyone was satisfied after the last lot sold and the total tallied up to \u00a33.42M (or $4.28M). It shows that even the low-to-mid end of the modern and impressionist market is still strong.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Sotheby&#8217;s modern and impressionist online auction on Wednesday, May 4th, may not have had any multimillion-dollar lots, but it was nonetheless a great sale for Sotheby&#8217;s. It garnered a good bit of attention, likely because many of the featured works &hellip; <a href=\"https:\/\/rehs.com\/eng\/2022\/05\/sothebys-modern-online-sale\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":6,"featured_media":44854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[384,146,91,207,20,15,88,120,11,9,100],"class_list":["post-44837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","category-rehs-contemporary","tag-19th-century-european","tag-19th-century-french","tag-20th-century-french","tag-auction-news","tag-auction-results","tag-comments-on-the-art-market","tag-french-impressionist","tag-modern-art","tag-rehs-contemporary-news","tag-rehs-galleries-news","tag-school-of-paris"],"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>Sotheby&#039;s Modern Online Sale - Rehs Galleries<\/title>\n<meta name=\"description\" content=\"Sotheby\u2019s modern online auction may not have had any multimillion-dollar lots, but it was nonetheless a great sale for Sotheby\u2019s.\" \/>\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\/2022\/05\/sothebys-modern-online-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sotheby&#039;s Modern Online Sale\" \/>\n<meta property=\"og:description\" content=\"Sotheby\u2019s modern online auction may not have had any multimillion-dollar lots, but it was nonetheless a great sale for Sotheby\u2019s.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2022\/05\/sothebys-modern-online-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-06T20:01:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-09T07:24:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/05\/Renoir-Pommes.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Scheer\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Scheer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/05\\\/sothebys-modern-online-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/05\\\/sothebys-modern-online-sale\\\/\"},\"author\":{\"name\":\"Nathan Scheer\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/1d33fd182b28afdad8fc3548ffe6bdc4\"},\"headline\":\"Sotheby&#8217;s Modern Online Sale\",\"datePublished\":\"2022-05-06T20:01:44+00:00\",\"dateModified\":\"2024-04-09T07:24:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/05\\\/sothebys-modern-online-sale\\\/\"},\"wordCount\":740,\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/05\\\/sothebys-modern-online-sale\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/Renoir-Pommes.jpg\",\"keywords\":[\"19th Century European\",\"19th Century French\",\"20th Century French\",\"Auction News\",\"Auction Results\",\"Comments on the Art Market\",\"French Impressionist\",\"Modern Art\",\"Rehs Contemporary - Art World News\",\"Rehs Galleries - Art World News\",\"School of Paris\"],\"articleSection\":[\"Rehs 19th &amp; 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