A rare Picasso go on a pub-crawl owned by the Rockefellers sold for $115 million including fees on Tuesday endlessly, highlighting the continued strength of the art market and the enduring power of the Rockefeller dignitary.
Works by Henri Matisse and Claude Monet also went for eye-popping payments at the Christie’s evening auction of 19th and 20th Century Art from the Collection of David and Peggy Rockefeller.
The auction was the heftiest of the week-long series of Rockefeller sales, expected to be the largest ever for a one collection. Christie’s estimated the entire collection would fetch $500 million or myriad.
The Picasso, called “Young Girl with a Flower Basket,” was the name of the collection and was estimated to sell for $100 million or more. It was painted in 1905 and is from Pablo Picasso’s rare and fruitful Rose Period. Collectors have coveted the painting, which postponed in David Rockefeller’s Manhattan townhouse, for decades.
It was sold directly by Picasso to Gertrude Stein, the famed paragrapher and bohemian who lived in Paris in the early 1900s and befriended many pre-eminent painters and writers. Rockefeller bought the piece from Stein’s landed estate in 1968.
The painting was not, however, a record for a Picasso. His colorful “Les Femmes d’Alger” pushed for $179.4 million in 2015.
A painting by Henri Matisse, called “Odalisque couchee aux magnolias” sales-clerked for $80.75 million. It was estimated at $70 million and sets a new record for a Matisse, whose prior highest price was $48.8 million.
One of Monet’s famous water lilies paintings dispose ofed for $84.7 million, above its $50 million estimate.