Reuters top ten news stories delivered to your inbox each day.
You are here:
Business & Finance
The Great Debate
Do More With Reuters
Make Reuters My Homepage
Support (Customer Zone)
About Thomson Reuters
En garde! Rival houses offer Picasso musketeers
Thu Jun 18, 2009 10:44am EDT
Email | Print |
| Reprints | Single Page
By Mike Collett-White
LONDON (Reuters) - En garde!
Rival auction houses Christie's and Sotheby's are offering 1969 Picasso musketeer paintings at their London sales next week in a head-to-head clash.
Christie's "Homme a l'epee" is expected to fetch 5-7 million pounds ($8.2-11.4 million) at an impressionist and modern art sale on June 23, a sum experts say reflects strong interest in the artist's later works as well as a tidy profit for its owners -- it made 2.7 million pounds in 2005.
A few hundred yards down the road Sotheby's has its own "Homme a l'epee," expected to fetch 6-8 million pounds when it goes under the hammer the following day.
The painting, darker in tone than the Christie's version, was selected for the poster advertising the 1970 Picasso exhibition at the Palais des Papes in Avignon, France, at which both works appeared.
The vibrant paintings were executed when Picasso was in his late 80s and not long before he died in 1973. Their appearance in the forthcoming sales is not as much of a coincidence as it may seem, auction officials said.
Interest in Picasso has been driven partly by major exhibitions on the Spanish master, including "Picasso: Challenging the Past" at London's National Gallery and "Pablo Picasso: Mosqueteros" at the Gagosian in New York.
Both have just finished and the latter concentrated on the painter's later works, which are widely considered to be inferior to his earlier output.
Evidence that that opinion may be changing came at Christie's May auction in New York when "Mousquetaire a la Pipe" (1968) fetched $14.6 million, double what it made in 2004.
"This powerful, museum-quality painting, which has never before been at auction, comes to the market at a time when the interest in and assessment of Picasso's late oeuvre has never been stronger," said Sotheby's director Helena Newman.
RAPHAEL VERSUS CHILD
The apparently spontaneous brushwork, vivid colors and energy of both paintings recall the work of a child, despite Picasso's advanced age.
The artist is famously quoted as saying: "When I was a child I could draw like Raphael, but it took me a lifetime to draw like a child."
Christie's and Sotheby's, the world's dominant auction houses, are also offering comparable Picasso nudes.
Christie's has "Nu Assis et Joueur de Flute" from 1967, valued at 3-4 million pounds, while Sotheby's is selling "Nu Debout," dated 1968, with the same estimate. Continued...
View article on single page
Cohen camps it up as Queen's guard for UK premiere
also on reuters
Doh! Wrong turn? Homer gives directions on driving device
Commentary: Good reasons to love sliding home prices
Recession no match for eco-friendly shoppers
More Entertainment News
Fallen "Seinfeld" star Richards "a new man"
Federal gay marriage challenge is a Hollywood tale
Woody Allen eyes Carla Bruni for film role
Cohen camps it up as Queen's guard for UK premiere
Billy Joel separates from third wife Katie Lee
More Entertainment News...
A selection of our best photos from the past 24 hours. Slideshow
Most Popular on Reuters
Clinton breaks her elbow, to undergo surgery
Men-only train cars sought in groping fears
Mousavi supporters hold mourning rally | Video
Air France crash sparks black box debate
Microsoft makes gains with Bing, clashes with Google
First hard evidence found of a lake on Mars
Polls find rising concern with Obama on key issues | Video
AIRSHOW-Air France crash sparks black box debate
Unlikely reformer Mousavi challenges Iran rulers
North Korea chemical weapons threaten region: report
Most Popular Articles RSS Feed
Obama unveils bank reform plans
Internet video: Iranian police clash
Iranian bloggers upload clash video
Reinventing the wheel
U.S. and Israel's unsettled question
Obama kills a pesky fly
Star-struck teenager sues
Iranians protest on streets at night
Internet video of Iran protests
Indonesian miners feared dead
Most Popular Videos RSS Feed
We want to hear from you
Join the Reuters Consumer Insight Panel and help us get to know you better
Please take a moment to complete our survey
Help and Contact Us |
Advertise With Us |
Site Index |
Thomson Reuters Corporate:
Professional Products |
Professional Products Support |
About Thomson Reuters |
Latin America |
United Kingdom |
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.