Record-breaking sales and iconic artworks highlight the success of the auction
- Emily Fisher Landau Collection sold for $406 million at Sotheby’s auction
- Pablo Picasso’s Femme à la montre fetched $139.4 million
- Several records were set, including one for Agnes Martin
- All 31 works in the collection were sold
- None of the works had appeared at auction before
- The collection included works by artists such as Ed Ruscha, Jasper Johns, and Cy Twombly
The Emily Fisher Landau Collection, featuring works by renowned artists such as Pablo Picasso, Agnes Martin, and Mark Rothko, achieved a total sale of $406 million at Sotheby’s auction. The star of the collection, Picasso’s Femme à la montre, fetched an impressive $139.4 million, setting a new record for the artist. Other notable sales included Agnes Martin’s Grey Stone II, which sold for $18.7 million, and Jasper Johns’ Flags, which set a record for a ‘flags’ work by the artist. All 31 works in the collection were sold, with many exceeding their presale estimates. The success of the auction can be attributed to the unique nature of the collection, as none of the works had appeared at auction before. Additionally, the collection’s association with prominent collector Emily Fisher Landau and its guarantee-backed sales generated significant interest among buyers. This auction reaffirms the enduring appeal and value of iconic artworks in the art market.
Factuality Level: 8
Factuality Justification: The article provides factual information about the auction of Pablo Picasso’s painting and other artworks from the Emily Fisher Landau Collection. It includes details about the prices achieved, records set, and the background of the collection. The information is specific and verifiable, without any obvious bias or opinion masquerading as fact. However, the article does contain some unnecessary background information and tangential details that are not directly related to the main topic.
Noise Level: 6
Noise Justification: The article provides information about the recent art auction at Sotheby’s, including the sale of Pablo Picasso’s painting for a record-breaking price. It also mentions other works that were sold and sets some context about the collector and the art market. However, the article lacks in-depth analysis or insights into the long-term trends or consequences of the auction. It mainly focuses on the prices achieved and the background of the artworks.
Financial Relevance: Yes
Financial Markets Impacted: The article pertains to the art market and the auction house Sotheby’s.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the sale of artwork at an auction, which is a financial event. However, there is no mention of any extreme events or their impact.
Public Companies: Sotheby’s (BID)
Private Companies: Pace Gallery
Key People: Emily Fisher Landau (art patron and collector), Pablo Picasso (artist), Marie-Thérèse Walter (Pablo Picasso’s lover), Agnes Martin (artist), Ed Ruscha (artist), Jasper Johns (artist), Cy Twombly (artist), Mark Tansey (artist), Robert Rauschenberg (artist), Mark Rothko (artist)
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