AUCTION HOUSE SOTHEBY’S
Sotheby’s opened its first office in Monaco in 1967, and was the first international auction house to stage sales in the Principality. Around twenty sales a year were held in Monte Carlo until France’s art market opened up, ending the 400-year French monopoly.
For over thirty years, the Sporting d’Hiver was the major selling location for outstanding sales of furniture, paintings and works of art from private European collections. Some of the most prestigious collections sold in Monaco include the Redé Rothschild collection (Sotheby’s inaugural sale in Monaco in 1975); Mona Bismarck’s collection; the Comtesse de Béhague’s collection, coming from the Marquis de Ganay’s estate in 1987, as well as the Karl Lagerfeld collection dedicated to Memphis design in 1991, the Baron Guy de Rothschild’s collection from the Château de Ferrières in 1994, and the collection of the Count and Countess of Paris in 1996.
Since 2001, Sotheby’s Monaco team has been steadily forging close relationships with Monaco collectors, suggesting they include works from their collections in our major international sales in Paris, London, Geneva, Hong Kong, and New York. These include an extremely rare and powerful work by the iconic 17th century Italian Caravaggisti artist Artemisia Gentileschi, St Mary Magdalene in ecstasy, sold for €865,500 in Paris in 2014; the striking Tigre aux aguets by Eugène Delacroix, knocked down for €931,500 in June 2017; an extraordinary Burmese ruby of over 10 carats whose purity drove bidding all the way up to €4,250,000 in Geneva in November 2017; and more recently, a magnificent 1905 painting by Kees Van Dongen on the theme of the Circus, sold for £212,500 in London this March.
Mark Armstrong, head of Sotheby’s Monaco said: “Monaco is a strategic place with many international clients, some of whom are the owners of remarkable works in Monaco and elsewhere in the world. Sotheby’s also plays a role in the country’s cultural life. This year, the auction house is delighted to be taking part in the first edition of Monaco Art Week: an opportunity not only to meet collectors but also to reach out to the wider audience.”
"HIGHLIGHTS OF SOTHEBY’S SALES"
Sotheby’s is delighted to be part of the first edition of Monaco Art Week. On this occasion, the auction house is unveiling outstanding highlights from the upcoming Contemporary Art, Old Masters and Fashion sales, taking place in Paris and London in June and July. Amateurs can thus discover a magnificent 1953 still-life by Nicolas de Staël, “Pot à raies” (estimate: €700,000/1 million), a portrait of a peasant smoking a pipe painted by Adriaen van Ostade in 1667 (estimate: €150,000/200,000) and a spectacular 1938 rhodoid necklace by Elsa Schiaparelli crawling with polychrome enamelled metal insects –which, though inspired by the art of Botticelli, has a distinct touch of Surrealism (estimate: €15,000/20,000).