Wednesday - 23 April 2014

Picasso breaks another record at £650,000

03 July 2012Written by Gabriel Berner

The Madoura Collection lived up to its billing as the single most important sale dedicated to Picasso ceramics ever held when it went under the hammer at Christie’s South Kensington.

The two-day white-glove sale on June 25 and 26 greatly exceeded the pre-sale target of £1.78m-2.68m to realise £6.5m, with many of the 543 lots fetching multi-estimate prices.

The top lot was Grand vase aux femmes voilées, a 2ft 1in (68cm) work conceived in 1950 and executed in an edition of 25, which sold for £650,000 against a £70,000-100,000 estimate.

This is a new world record price for a Picasso ceramic edition at auction, breaking the previous high for an edition of Grand vase aux danseurs, which sold in December 2010 for €260,000 at Sotheby's Paris.

A full report will appear in next weeks ATG.

The buyer's premium was 25/20/12%.

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