Composition avec bleu, rouge, jaune et noir (1922) by Piet Mondrian, part of the Yves Saint Laurent – Pierre Berge collection; sold for €21.6 million, beating its estimate range of €7 million to €10 million and setting an at-auction record for the artist. Image via Christie’s.
Following three days of viewing by the public in the majestic setting of the Grand Palais in Paris, Christie’s kicked off its marathon three day, six session auction of the vast Yves Saint Laurent and Pierre Berger collection–700 pieces collected over five decades. A moribund art market and legal manoeuvrings by the Chinese government were not enough to put a dent on the first day of auctions, as Christie’s realized $264 million including commissions, setting a record for the sale of a personal collection, beating out a 1997 auction of Victor and Sally Ganz’ extensive private collection which sold for $206.5 million. This first auction focused on Impressionist and modern art, with 61 lots on sale.
While Picasso’s Instruments de musique sur un gueridon, a synthetic cubist piece from 1912 estimated at €25 million to €30 million, failed to sell, records were broken for Matisse, Brancusi and Mondrian. Other high priced lots by blue chip names sold very well to a field of over 1,200 participants, with another 100 partaking in the sale via phone. The Grand Palais served as a giant showroom, conceived as a recreation of sorts of St Laurent’s and Berge’s apartment in Paris’ 7th arrondissement. Over 30,000 thousand people are expected to visit the Palais during the course of the public exhibition and the auction.
“This is a very important auction,” said Souren Melikian, the longtime art editor of The International Herald Tribune. “There are a large number of high-quality objects, not necessarily as stunning as billed, but high quality bought over a large number of years. And they come to auction at a time when the market is winding down, when there is less available than 20 years ago.” [Via the New York Times]
Auction page: Christie’s
Fondation Yves Saint Laurent – Pierre Berger
Art World’s Stimulus Package: Matisse, Mondrian, Not Picasso [WSJ]
Christie’s Laurent Sale Fetches Record $262 Million [Bloomberg]
Yves Saint Laurent sale proves art is in fashion [Times UK]
Yves Saint Laurent Art Sale’s 1st Night Brings In $264 Million [NYT]
Saint Laurent and His Art Still Make a Sensation [NYT]
Treasures, after a fashion [FT]
YSL art auction sets new record [Guardian UK]
Record for Matisse and Others at Christie’s Sale of Yves Saint Laurent Collection [ArtDaily]
Saint Laurent art sale raises $264 million in first night [ArtForum]
Record bids for YSL private art [BBC]
Obituary: Yves Saint Laurent [BBC]
China tries to stop Paris auction [BBC]
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