Surrealism Meets Luxury: Mica Ertegun’s Art Collection Up for Grabs

  • René Magritte’s painting L’empire des lumières, 1954 to be auctioned at Christie’s with an estimate of $95 million
  • Mica Ertegun’s collection includes works by Ruscha, Hockney, and Miró
  • Collection to be sold on November 19th

René Magritte’s painting, L’empire des lumières, 1954, is set to be auctioned at Christie’s in New York with an estimated value of $95 million. This surrealist oil painting depicts a scene simultaneously during day and night, making it one of the most valuable works by Magritte. Mica Ertegun’s collection also features pieces from Ruscha, Hockney, and Miró. The auction takes place on November 19th.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the painting L’empire des lumières by René Magritte, its expected selling price at auction, and the background of the collection it is part of. It also mentions other works in the collection and the auction date. However, there are some minor issues with the timeline (e.g., Mica Ertegun’s death year and the mention of a 2022 auction that already happened). Overall, the article is informative and objective.
Noise Level: 5
Noise Justification: The article primarily focuses on the auction of a painting by René Magritte and its expected selling price, with some mention of the collector Mica Ertegun and other artists in her collection. While it provides information about the artwork and the auction house, it lacks in-depth analysis or exploration of the broader implications of the art market or surrealism movement.
Public Companies: Christie’s (), Sotheby’s ()
Key People: Mica Ertegun (interior designer and philanthropist), Max Carter (vice chairman of 20th- and 21st-century art)

Financial Relevance: Yes
Financial Markets Impacted: Christie’s auction house, financial value of the painting, and impact on art market
Financial Rating Justification: The article discusses an expensive surrealist painting by René Magritte that is expected to sell for at least $95 million in a Christie’s auction. This has implications for the auction house and the art market as a whole.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Deal Size: The deal size is 95000000.
Move Size: No market move size mentioned.
Sector: All
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

Reported publicly: www.barrons.com