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Friday, 28 March 2014 15:52

Bronfman Estate Expected to Fetch Over $34 Million at Christie’s

Pablo Picasso’s 'Mangeuse de Pasteque et Homme Ecrivant.' Pablo Picasso’s 'Mangeuse de Pasteque et Homme Ecrivant.' Christie's Images Ltd. 2014

Christie’s announced that it will sell the late billionaire philanthropist Edgar M. Bronfman Sr.’s substantial art collection, which includes works by Pablo Picasso, Claude Monet, Egon Schiele, Milton Avery, and Henri Matisse. A selection of works from the collection will be offered during the auction house’s Impressionist and modern art evening sale in New York on May 6. The remaining 230 items, including decorative objects, jewelry, and antiquities, will be sold this year during sales in London, Hong Kong, and New York. Bronfman’s collection is expected to fetch more than $34 million. 

Highlights from the collection include Picasso’s “Mangeuse de Pasteque et Homme Ecrivant,” which is expected to bring $7 million to $10 million; a seascape by Matisse titled “Femme Aupres de la Fenetre,” which is estimated to fetch between $3 million and $5 million; and Monet’s “L’Escalier,” which is expect to garner between $1.5 million and $2.5 million. Most of the works being offered at Christie’s once hung in Bronfman’s Manhattan penthouse, which is on the market for $65 million.

Bronfman, who passed away in December, helmed the Seagram Company for 23 years before retiring in 1994. He also led the World Jewish Congress and helped establish it as the world’s preeminent Jewish organization.

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