AO On Site; FIAC Round-Up: many reserves, not many sales made on “modern masterworks” and Saadane Afif announced as winner The Marcel Duchamp Prize
Monday, October 26th, 2009
Foire Internationale d’Art Contemporain, Paris via fiac.com
The action at France’s biggest art fair, Foire Internationale d’Art Contemporain (FIAC) in Paris came to a stand still on Saturday, October 24. The aftermath of FIAC, much like Frieze before it, is buzzing with discussion surrounding sales – big and small. On Saturday Bloomberg News reported that Piet Mondrian’s abstract Composition With Blue, Red and Yellow, valued between $30 and $40 million, was put on hold while a wealthy buyer made up their mind. Similarly, it seems the Pablo Picasso painting, Femme Ecrivant, was reserved by a potential buyer during the first few hours of FIAC’s VIP preview on October 21.
Galerie Suzanne Tarasieve – photo by Art Observed
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