The winning bidder, whose name was not reported, bid $500,000 on the item Friday, though commissions added $102,000 to the total, The New York Times reported. Sotheby’s had estimated the piano would sell for between $800,000 and $1.2 million.
The piano was one of two used in “Casablanca,” and was small, with 58 keys, 30 fewer than a conventional piano.
It was used in a flashback scene at a Paris cafe named “La Belle Aurore.” The piano was on camera for 1 minute and 10 seconds, and actor Dooley Wilson, who played Sam in the classic film, mimicked playing it while singing in the film, the Times reported.
Sotheby’s last auctioned the piano in 1988 for $155,000, the second-highest price for Hollywood memorabilia at the time, the newspaper said.
NEW YORK (Reuters) – A 1932 Picasso portrait of his mistress sold for $41.5 million on Thursday at Sotheby’s, helping drive a $163 million total for its sale of Impressionist and modern art which nonetheless fell short of expectations.The auction featured nine works by Picasso led by “Nature morte aux tulipes.” Nearly one-third of the 67 lots on offer went unsold and the auction missed its $170 million low pre-sale estimate.
The two Picasso portraits of his iconic muse Marie-Therese Walter, “Nature morte” and “Femme a la Fenetre,” managed their pre-sale estimates, the latter fetching $17.2 million including commission.
Shaw added there was “active participation from today’s truly global art market,” but in a nod to the spotty results, conceded “there remains some scrutiny over estimates.”
The auction, coming a day after a tepid affair at rival Christie’s which fell short of its $209 million low estimate, is likely to somewhat unsettle the art market to ahead of next week’s sales of post-war and contemporary art, an arena that has seen sharply escalating prices over the past decade.
The results of both sales were remarkably similar, from the prices of their top lots and percentage of works sold to buyers’ carefully controlled bidding.
Reuters – Sotheby’s set a new auction record for Spanish artist Joan Miro on Tuesday when his 1927 painting “Peinture (Etoile Bleue)” fetched 23.6 million pounds ($36.9 million), but elsewhere the sale failed to meet expectations.
Overall, the auctioneer raised 75.0 million pounds ($117.7 million) at its impressionist and modern art evening sale in London, just beating the low estimate of 73 million pounds but falling short when buyer’s premium is taken into account.
The auction was the first in a busy season of sales of fine art in London which, if the highest expectations are met, could raise up to $1 billion.But it painted an uncertain picture, with the New York Times describing proceedings on the night as “lackluster” and “bumpy.”
Confidence in the art market has been sky high in 2012 despite broader economic concerns, with emerging collectors from Russia, China and the Middle East helping push values to record highs as they seek to snap up the most coveted works.
On offer at Sotheby’s was one of Miro’s most important paintings, and the previous auction record for the artist of 16.8 million pounds was comfortably eclipsed.
“His works from this period are supremely modern, timeless and of great universal appeal, making this precisely the type of painting that today’s international collectors are prepared to lock horns over, as they did this evening,” said Helena Newman, head of Sotheby’s impressionist and modern art in Europe.
Strange Random Auction Quote:
“I used to save all my rejection slips because I told myself, one day I’m going to autograph these and auction them. And then I lost the box.” – James Lee Burke
- Depardieu’s Miro up for sale (reuters.com)
- Sotheby’s Canadian art auction sets records (cbc.ca)
- ‘The Scream’ sells for record $120 million (dawn.com)
- Rare Working Apple-1 Computer Sells for Record $374,500 (pcworld.com)
- Art of Seduction (thisislondon.co.uk)
- Munch’s “The Scream” Sells for $107M at Sotheby’s, $119.9M with commission, Setting A World Record (elliottingotham.wordpress.com)
- Francis Bacon portrait study to fetch £5-7 million (telegraph.co.uk)
- Lichtenstein and Bacon Paintings Top Sotheby’s Sale (nytimes.com)
In 1863, Abraham Lincoln signed an executive order that freed slaves in the non-Union states—and he signed 48 copies. The original version of the Emancipation Proclamation is in the National Archives, but several copies are privately owned. One of those will be put up for sale at the Robert Siegel Auction Galleries on June 26 and is expected to fetch between $1.8 million and $2.5 million. Bloomberg Businessweek spoke with Seth Kaller, the historian who authenticated and appraised the document and has agreed to sell it for the owner. Kaller explained the origins of the document, which U.S. presidents bring in the most money at auction, and why historical papers are so much cheaper than works of art.
Wait, so Lincoln signed 48 copies of the Emancipation Proclamation? Why’d he bother to do that?
One of the ways that the Northern public supported the troops during the Civil War was through an organization called the Sanitary Commission. They helped makes soldiers’ conditions in the camps better by improving administering medicine, providing items for personal comfort, and supplying pens and paper so they could write home. Think of it as something similar to the Red Cross and USO put together.
To raise money for all of this, the Sanitary Commission held what were called Sanitary Fairs. They sold artwork, autographs—anything of value that people donated to them. Lincoln was very popular in the North, at least, so some abolitionists asked him to sign a number of copies of the Emancipation Proclamation, which they sold for $10 a piece. There were 48 originally but only 26 remain now.
Who has them?
Eighteen are in museums or libraries. One of those is on loan right now to the White House. Eight are in private hands. But several of those are slated to go to museums in the coming years. I sold three of them in the $1 million-plus range a few years ago. The most interesting one has been the one that went for $3.77 million at Sotheby’s BID in 2010. It was the same as the others but it had the added bonus that in 1964 or ’65, when Bobby Kennedy was involved in the civil rights movement, he bought the copy.
Strange Random History Quote:
History has to be rewritten because history is the selection of those threads of causes or antecedents that we are interested in. – O. W. Holmes, Jr.
- Roads to close for Emancipation Day (myfoxdc.com)
- Juneteenth Celebration will be June 16 (independentmail.com)
- The emancipation proclamation was a diplomacy play (sebastianmarshall.com)
- President Lincoln Repudiates General Hunter’s Emancipation Proclamation (abrahamlincolnandthecivilwar.wordpress.com)
- Juneteenth Celebration Kicks Off in Fort Smith (5newsonline.com)
- Fall of New Orleans beachhead for emancipation (miamiherald.com)
- The Civil War Border States and the Purple States of 2012 (themoderatevoice.com)
The life-size painting, Double Elvis (Ferus Type) from 1963, epitomises Warhol’s obsessions with fame, stardom and the public image, according to Sotheby’s.
“The silver background of Double Elvis (Ferus Type), along with the subtle variations in tone give the serial imagery a sense of rhythmic variation that recalls the artist’s masterpiece, 200 One Dollar Bills completed the previous year,” Sotheby’s said in a statement.
That work soared to nearly $53 million or four times its estimate in 2009, when the art market was reeling from the financial crisis that struck in 2008. It was the highlight of the season, and achieved the highest price of any work at the fall auctions.
In the Double Elvis work, Presley is dressed as a cowboy, shooting a gun. Sotheby’s described him in the work “a Hollywood icon of the sixties rather than the rebellious singer who shook the world of music in the sixties.”
The double in the title refers to a shadowy image of Presley in the same pose that appears next to him in the work.
Strange Random Andy Warhol Quote:
I read an article on me once that described my machine-method of silk-screen copying and painting:
‘What a bold and audacious solution, what depths of the man are revealed in this solution!’
What does that mean?
- Andy Warhol’s ‘Double Elvis’ Could Sell for $50 Million at Auction (newsfeed.time.com)
- Warhol’s Double Elvis (1963) Expected to Fetch $50 Million (sadmanstongue.com)
- Warhol’s Double Elvis to fetch double price at auction? (rt.com)
- Playboy Gunter Sachs’ art collection goes on sale revealing full scale of his obsession with former wife Brigitte Bardot (dailymail.co.uk)
- Warhol painting of Taylor fetches $662K in NY (pbpulse.com)
- NARS & Andy Warhol (oneprettyplace.wordpress.com)
- Teddy Forstmann’s art goes on sale in May at Sotheby’s (usatoday.com)
- Munch’s “The Scream” expected to fetch $80 million at auction [Art] (io9.com)
- Andy Warhol painting of Elizabeth Taylor sells for more than $600,000 (telegraph.co.uk)
Despite a slew of astonishing fine-wine sales from the leading auction houses, which saw Bonhams, Christie’s, Sotheby’s and wine auctioneers Acker Merrall & Condit sell more than $300 million £194.4 million worth of wine, 2011 looks to be the year when the boom in Bordeaux‘s finest wines suffered a little indigestion.
Falls were as much as 20% in the last six months of the year, with blue-chip châteaux such as Lafite Rothschild 2008 dropping from around £14,000 for a case last January to around £8,000 today, according to Live-ex’s Fine Wine 100 Index, which tracks the price movement of the world’s 100 most sought-after wines. It’s still a tidy profit for whoever bought it when it was first released in 2009 at around £1,600 a case, but a sharp fall for anyone who purchased last spring.
But a return to pre-2009 vintage prices would be most welcome for the swathe of consumers who have been priced out of the market. It could also have the welcome effect of introducing these spectacular wines to a younger demographic, which hasn’t had the capital or the inclination to explore the classed growths of this fascinating region.
If demand from China and Hong Kong continues, I very much doubt the big names from the glamour appellations such as Pauillac and Margaux, or the communes of Pomerol and Saint-Émilon on the Right Bank will be inclined to drop their prices.
For those looking for that quintessential Bordeaux character of blackcurrant and cedar, which always reminds me of an empty cigar box, and rich, ripe roundness, it is worth casting your net further. Saint-Julien is one appellation that perhaps flounders against the reputation of its neighbors.
Strange Random Wine Quote:
“Old wood best to burn, old wine to drink, old friends to trust, and old authors to read.” – Sir Francis Bacon (English Lawyer and Philosopher. 1561-1626)
- Triple A (thunevin.blogspot.com)
- Patience and Fortitude (cellarbook.wordpress.com)
- L’espirit de Bordeaux – affordable,quality French wine, what more could you ask for? (winesleuth.wordpress.com)
- The Bordeaux Wine Experience Bordeaux Wine Tours Magazine December issue is online (bxwinex.com)
- Getting to the Bottom of Bordeaux (bxwinex.com)
- My New Favorite Wine (biggerthanyourhead.net)
- Wines of The Times: 2008 Bordeaux From Médoc – Wine Review (nytimes.com)
- Bordeaux Explained (To Some Extent) (biggerthanyourhead.net)
- Lessons from Bordeaux (sommelierindia.com)
The painting, Litzlberg am Attersee Litzlberg on the Attersee, easily topped its pre-sale high estimate of $US25 million at the impressionist and modern sale.
Depicting a pastoral scene of towering, wooded hills rising from water into a bright sky, the landscape was stolen after the German annexation of Austria in 1938.
It was only returned this year to Georges Jorisch, grandson of the woman who owned it until the Nazis came.
Strange Random Art Quote:
Listen carefully to first criticisms made of your work. Note just what it is about your work that critics don’t like – then cultivate it. That’s the only part of your work that’s individual and worth keeping. – Jean Cocteau
- Nazi-looted Klimt fetches $40.4m (bbc.co.uk)
- Sotheby’s Rallies With $199.8 Million Sale (online.wsj.com)
- Late-period Picasso and a verdant Klimt bring windfalls for Canadian owners (theglobeandmail.com)
- Nazi-looted Klimt sells for $40M (cbc.ca)
- Degas bronze fails to find auction buyer (cbc.ca)
- Sotheby’s Strong Sale Revives Art Market in One Night (nytimes.com)
- At Auction: $25 Million to Dance With Degas (online.wsj.com)