Modigliani nude sets European auction record at London art sale
Summary
A London auction of billionaire Joe Lewis's private art collection raised $392.6 million, led by a painting by Amedeo Modigliani that set a European auction record. The sale included 48 artworks by famous artists such as Picasso, Magritte, and Klimt.Key Facts
- The Modigliani painting "Nu assis au collier" sold for $63.9 million, the highest price ever for the artist at a European auction.
- The auction featured 48 works from Joe Lewis's collection, including pieces by Picasso, René Magritte, Gustav Klimt, Lucian Freud, and Egon Schiele.
- Gustav Klimt’s portrait "Bildnis Gertrud Loew" sold for $47.9 million to a private collector from Asia.
- Lucian Freud’s "Sleeping by the Lion Carpet" sold for $38.8 million; it had been part of Lewis’s collection since 1996.
- Joe Lewis, once majority owner of Tottenham Hotspur football club, transferred his stake to a family trust in 2022.
- The second part of the auction will include Picasso’s 1938 painting "Buste de femme", estimated at £12-18 million.
- The previous record for a single private collection auction in Europe was set in 2009 by Yves Saint Laurent’s collection, which sold for about £333 million.
- Recent art auctions in New York also set record prices for other famous artists earlier this year.
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