{"id":523,"date":"2021-04-12T11:52:20","date_gmt":"2021-04-12T03:52:20","guid":{"rendered":"https:\/\/www.atelierauction.com\/globalupdates\/?p=523"},"modified":"2021-04-12T11:52:20","modified_gmt":"2021-04-12T03:52:20","slug":"picasso-sanyu-works-expected-to-fetch-26-m-in-sothebys-hong-kong-auction","status":"publish","type":"post","link":"https:\/\/www.atelierauction.com\/globalupdates\/latest-news\/picasso-sanyu-works-expected-to-fetch-26-m-in-sothebys-hong-kong-auction\/","title":{"rendered":"Picasso, Sanyu Works Expected to Fetch $26 M. in Sotheby\u2019s Hong Kong Auction"},"content":{"rendered":"

Prompted by growth in the Asian art market in the past year, Sotheby\u2019s has unveiled plans to stage a curated five-lot auction titled \u201cICONS: Masterpieces from Across Time and Space,\u201d<\/a> which will featuring paintings by Pablo Picasso, Alberto Giacometti, Sanyu, and Zhang Daquian, as well as a Song Dynasty Bodhisattva sculpture from the 11th century. Scheduled to take place on April 18 at Sotheby\u2019s Hong Kong gallery at One Pacific Place, just before Sotheby\u2019s modern art evening sale, the auction is expected to achieve a collective $38 million.<\/p>\n

This spring season is part of the house\u2019s grandest sales series in the region to date, with 2,500 lots ranging from antiquities to contemporary art set to be offered across 14 sales from April 16\u201323. Together, they are expected to bring in at least $417 million. Evening sales devoted to modern and contemporary art featuring works by Clyfford Still, Yoshitomo Nara, Zao Wou-Ki, and Che Tu Chin will be held on April 18 and 19.<\/p>\n

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Leading the \u201cICONS\u201d sale is Sanyu\u2019s\u00a0Nu<\/em>\u00a0avec un pe\u0301kinois\u00a0<\/em>(1950s), featuring a single lounging female nude, a subject that also appears in Sanyu\u2019s second-most expensive ever work sold on the market\u2014the $33 million\u00a0Quatre Nu\u00a0<\/em>(ca. 1950s) auctioned at Sotheby\u2019s last year. Another highlight, made two decades later, is Picasso\u2019s late-career portrait\u00a0Buste de matador\u00a0<\/em>(1970), which derives from the artist\u2019s final \u201cMatador\u201d series. The two paintings are each estimated at $12.9 million\u2013$19.3 million.<\/p>\n

Alongside those works, Sotheby\u2019s will offer a small brass bust by Giacommetti from 1973 at an estimate of $1.8 million, as well as an ink painting on gold paper by Chinese modernist Zhang Daquian. The self-portrait shows the artist with a Tibetan mastiff, and it is estimated at $6.2 million. Finally, a large-scale antique wooden sculpture of Tibetan deity Avalokiteshvara is estimated to sell for $3.9 million.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Over the past year, Sotheby\u2019s has staged several live-streamed themed evening sales with offerings spanning Old Masters to contemporary art across its New York, London, and Paris sale centers. This is the first time that a fully curated auction of this caliber\u2014one featuring both Western and Asian artists\u2014will be held in Asia.<\/p>\n

The sale\u2019s announcement directly follows news that Nathan Drahi, the 26-year-old son of Sotheby\u2019s owner Patrick Drahi, has been promoted to the\u00a0role of managing director in Asia<\/a>, taking the reins in the Hong Kong sale center as the region\u2019s long-time CEO Kevin Ching prepares to retire at the end of the year.<\/p>\n

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Source\uff1ahttps:\/\/www.artnews.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Prompted by growth in the Asian art market in the past year, Sotheby\u2019s has unveiled plans to stage a curated five-lot auction titled \u201cICONS: Masterpieces from Across Time and Space,\u201d which will featuring paintings by Pablo Picasso, Alberto Giacometti, Sanyu, and Zhang Daquian, as well as a Song Dynasty Bodhisattva sculpture from the 11th century. […]<\/p>\n","protected":false},"author":2,"featured_media":524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[3],"tags":[132],"class_list":{"0":"post-523","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news","8":"tag-icons"},"yoast_head":"\nPicasso, Sanyu Works Expected to Fetch $26 M. in Sotheby\u2019s Hong Kong Auction - Investable Art Auctioneer<\/title>\n<meta name=\"description\" content=\"Prompted by growth in the Asian art market in the past year, Sotheby\u2019s has unveiled plans to stage a curated five-lot auction titled \u201cICONS: Masterpieces from Across Time and Space,\u201d which will featuring paintings by Pablo Picasso, Alberto Giacometti, Sanyu, and Zhang Daquian, as well as a Song Dynasty Bodhisattva sculpture from the 11th century.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/latest-news\/picasso-sanyu-works-expected-to-fetch-26-m-in-sothebys-hong-kong-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Picasso, Sanyu Works Expected to Fetch $26 M. in Sotheby\u2019s Hong Kong Auction - 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