{"id":42818,"date":"2023-07-31T21:48:24","date_gmt":"2023-08-01T01:48:24","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/sothebys-continues-streak-of-magritte-sales-with-a-masked-apples-work-for-us11-million\/"},"modified":"2023-07-31T21:48:26","modified_gmt":"2023-08-01T01:48:26","slug":"sothebys-continues-streak-of-magritte-sales-with-a-masked-apples-work-for-us11-million","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=42818","title":{"rendered":"Sotheby\u2019s Continues Streak of Magritte Sales With a \u2018Masked-Apples\u2019 Work for US$11 Million"},"content":{"rendered":"
\n

A painting of large turquoise apples wearing eye masks by the surrealist Ren\u00e9 Magritte is being sold in October at Sotheby\u2019s in Paris.\u00a0<\/p>\n

The sale\u2014estimated to fetch between \u20ac10 million and \u20ac15 million (US$11 million US$16.6 million)\u2014is the second time one of Magritte\u2019s eight \u201cmasked-apples\u201d has been offered at a public auction, and the first time the work will be seen in public since 1979, Sotheby\u2019s said in a news release.\u00a0<\/p>\n

\n

La Valse hesitation <\/em>(Hesitation Waltz), 1955, depicts the apples with brown masks in shadow against a bright, cloud-filled blue sky, which creates a more mysterious look than Le pr\u00eatre mari\u00e9 <\/em>(The Married Priest), 1961, where the apples are Granny Smith-green with pink masks, placed on a sunny plain. These apples are also found under a cloud-filled blue sky, but with a crescent moon above. Unlike this later version, the leaves in the apples of La Valse hesitation<\/em> don\u2019t appear to be nibbled at by caterpillars.\u00a0<\/p>\n

Le pr\u00eatre mari\u00e9 <\/em>sold for \u00a35.3 million (about US$10.4 million) in February 2007 at a Christie\u2019s auction of surrealistic art in London, which was the second highest auction price for a work by Magritte at the time. Sotheby\u2019s has since far surpassed that level with the sale, with fees, of L\u2019empire des lumi\u00e8res <\/em>(The empire of light), 1961, for \u00a359.4 million (US$79.8 million), in March 2022 in London.\u00a0<\/p>\n

The masked-apples series was conceived at the same time as the L\u2019Empire des lumi\u00e8res <\/em>series, Sotheby\u2019s said, with both \u201cseeking to capture the paradox of day meeting night.\u201d\u00a0<\/p>\n

In La Valse hesitation<\/em>, \u201cmuch in the same way as the universally known L\u2019Empire des lumi\u00e8res<\/em>, Magritte is defining the essence of Surrealism by resolving a conceptual contradiction that cannot exist,\u201d Thomas Bompard, head of sale at Sotheby\u2019s France said in a news release.<\/p>\n

Magritte often used the apple motif in his works, including The Listening Room<\/em>, 1952, where another bright-green apple fills a pink room, and notably in Le fils de l\u2019homme <\/em>(The Son of Man), 1964, where an apple hangs in the air and obscures the face of a standing man dressed in a suit and bowler hat.\u00a0<\/p>\n

The apples are meant to be illusions, with shifting meanings depending on the viewer\u2019s perspective. Masks, in addition to other disguises, are also common to the artist\u2019s works, Christie\u2019s said in its 2007 catalog note. \u201cThey are elements used to hide, but also to entertain,\u201d Christie\u2019s said.\u00a0<\/p>\n

La Valse hesitation<\/em> was exhibited last at Galerie Isy Brachot in Brussels and has since been held within three private collections in Belgium, where the artist was from.\u00a0\u00a0<\/p>\n

Sotheby\u2019s has sold several high-profile works by Magritte in recent years, snagging multimillion-dollar prices. In addition to the 1961 L\u2019empire des lumi\u00e8res<\/em>, Sotheby\u2019s sold another by the same name, dated 1951, that was in the collection of music executive Mo Austin for US$42.3 million in May in New York.<\/p>\n

From the Austin collection, Sotheby\u2019s also sold Le Domaine d\u2019Arnheim<\/em>, 1949, for nearly US$19 million; meanwhile, Le Principe du plaisir<\/em> (the Pleasure Principle), 1937, fetched US$26.8 million at a November 2018 New York sale.<\/p>\n

The presale estimate for La Valse hesitation<\/em> is the highest for a single lot at Sotheby\u2019s France. The auction house will give visitors a chance to see the rarely displayed painting in Paris, Brussels, New York, and London, before it returns to Paris for its \u201cModernit\u00e9s\u201d sale on Oct. 19.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A painting of large turquoise apples wearing eye masks by the surrealist Ren\u00e9 Magritte is being sold in October at Sotheby\u2019s in Paris.\u00a0 The sale\u2014estimated to fetch between \u20ac10 million and \u20ac15 million (US$11 million US$16.6 million)\u2014is the second time one of Magritte\u2019s eight \u201cmasked-apples\u201d has been offered at a public auction, and the first […]<\/p>\n","protected":false},"author":1,"featured_media":42819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-42818","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nSotheby\u2019s Continues Streak of Magritte Sales With a \u2018Masked-Apples\u2019 Work for US$11 Million | iFintechWorld<\/title>\n<meta name=\"description\" content=\"A painting of large turquoise 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