Displaying items by tag: jan krugier

An iconic painting of water lilies by Claude Monet helped Sotheby’s (BID) sell 122 million pounds ($208 million) of Impressionist and modern art in London.

Yesterday evening’s tally represented a 15 percent increase from a year ago and was Sotheby’s third highest result for the category in London. Of the 46 lots offered only four failed to find buyers as Russian, Asian and American collectors competed for works by Pablo Picasso and Wassily Kandinsky. The sale also benefited from the presence of several estates, including that of Jan Krugier, a prominent art dealer who died in 2008.

Simon Shaw, Co-Head of Sotheby’s Worldwide Impressionist & Modern Art Department, commented: “A key factor in tonight’s successes was our longstanding relationships with top collectors, and our partnership with them throughout the sale process – the three works from the Private American Collection that led our sale, Monet’s Le Pont japonais, and more were non-competitive consignments. It was a privilege to offer Picasso’s spectacular Le Sauvetage exactly a decade after we last auctioned it in New York, and we are thrilled to see its price double in that time. We are pleased to once again deliver exceptional results on behalf of a great American institution, with Monet’s Sur la Falaise à Pourville selling for well over its high estimate to benefit the Acquisitions Fund of the Metropolitan Museum of Art.”

The J. Paul Getty Museum in Los Angeles has purchased an early drawing by the Impressionist master Georges Seurat for £2,434,500 ($3,971,643). Regarded as one of the finest drawings ever produced by Seurat, ‘Mendiant hindou’ was expected to fetch between $129,000 and $194,000 at auction. The work comes from the private collection of Jan Krugier, one of the preeminent art dealers and collectors of the 19th and early 20th centuries.

Created around 1878-1879 when Seurat was only twenty years old, ‘Mendiant hindou’ illustrates how the artist used light, shadow and gradation to create forms and convey the mood of his subjects. According to Timothy Potts, the director of the J. Paul Getty Museum, the drawing “signifies the beginning of Seurat’s obsession with the effects of light and dark that characterize his mature paintings and drawings.”

In addition to ‘Mendiant hindou,’ the J. Paul Getty Museum holds three masterpieces by Seurat in its collection -- ‘Madame Seurat, the Artist’s Mother,’ ‘Poplars,’ and ‘Woman Strolling.’

Next month, Sotheby’s London will sell approximately 120 works from the collection of the late Jan Krugier, a preeminent dealer of 20th century art. Krugier, who passed away in 2008, sold works for Pablo Picasso’s family and was close friends with the artist. He operated galleries in Geneva and New York and was a powerful presence at art fairs such as TEFAF Maastricht and Art Basel.

37 works will be sold during an evening sale of Impressionist and Modern Art on February 5 and the remainder of the collection will be offered during the day sale on February 6. Most of the collection is comprised of works on paper and include pieces by Francisco Goya, Jean-Auguste-Dominique Ingres, Paul Cezanne, Edgar Degas and Pablo Picasso. Sotheby’s expects the entire collection to garner between $39 million and $57 million. The most expensive work to be offered is Alberto Giacometti’s cast bronze ‘L’homme qui marche III’, which is expected to fetch between $5 million and $8 million.

Last November, Christie’s New York held a highly anticipated sale of works from Krugier’s collection but the auction failed to meet expectations.

China’s richest man, Wang Jianlin, purchased a painting by Pablo Picasso of his young children, for $28.2 million at Christie’s in New York on November 4, 2013. The work, which was part of the sale of art dealer Jan Krugier’s collection, was expected to sell for $9 million to $12 million. Jianlin acquired Claude et Paloma through Rebecca Wei, managing director of Christie’s Asia. He is the founder of Dalian Wanda Group, a Chinese conglomerate with activities in real estate development, tourism, hotels and more.  

Overall, the sale failed to reach its full potential, falling 34% below the low end of its presale estimate of $171.4 million. The two-part auction brought in $92.5 million and out of 155 lots, 29 failed to find buyers including works by Paul Klee, Joan Miro, Pablo Picasso, Wassily Kandinsky, Gerhard Richter and Robert Rauschenberg.

Krugier, who died in 2008, was one of the leading dealers in premier 20^th century art for four decades. He operated galleries in Geneva and New York.

Christie’s will sell a number of pieces from the collection of Jan Krugier, an art dealer who sold works for Pablo Picasso’s family. The sale will include over 150 lots and is expected to garner at least $170 million. The sale, A Dialogue Through Art: Works from the Jan Krugier Collection, will take place on November 4-5, 2013 at the auction house’s New York location.

Krugier, who died in 2008, was one of the leading dealers in premier 20^th century art for four decades. He operated galleries in Geneva and New York and exhibited at highly anticipated art fairs including Art Basel in Switzerland and TEFAF Masstricht in the Netherlands. Krugier’s Manhattan gallery closed in 2010 and his company no longer participates in fairs.

A Dialogue Through Art will present 30 works by Picasso including a maquette for the 65-foot sculpture Tete, which is located in Chicago. The work is expected to sell for $25 million to $35 million and is the most valuable piece in the sale. Other highlights include a bronze sculpture by Alberto Giacometti made for the Venice Biennale, which is expected to sell for $9 million to $12 million; a Fauvist period landscape by Wassily Kandinsky, which carries a $20 million to $25 million estimate; and a 1982 painting by Jean-Michel Basquiat, which is expected to sell for $3 million to $4 million.

A selection of works from the upcoming sale will be on view at Christie’s headquarters in London through September 19, 2013.