Auctions: Matsa sale tops $3.6m.

The more than 370-lot sale sold just 60 percent by lot but 80% by value, with some lots more than doubling their estimates.

By MEIR RONNEN
July 13, 2006 08:49
1 minute read.
kisling art 88 298

kisling art 88 298. (photo credit: )

 
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Matsa Auctions of Ramat Gan set a local auction record at its latest sale when it took in $3.6m. The more than 370-lot sale sold just 60 percent by lot but 80% by value, with some lots more than doubling their estimates. Chagall's extraordinary bucolic garden scene, Le pot de Terre et le pot de Fer, finished in 1927, went for $379,500, including the 15% buyer's premium. Two typically sweet Rubin landscapes of Olive trees on the way to Safed went for $97,750 and $207,000, while his Blue Horse went for $94,300; but his more interesting Flowers and a Chessboard, a watercolor from 1939, did not sell. Neither did a Rubin vase of flowers. Maurycy Gottlieb's fine Portrait of a man brought $126,500, over double its estimate, while Kisling's Mimosas rose to a great $276,000. An early Castel of a shepherd did well to top $80,000. A number of Minkowskys sold, one bringing $53,000. ON NOVEMBER 15, Christie's New York will offer Andy Warhol's Mao, 1972, perhaps the most iconic painting by the artist to come to auction for over a decade. Based on a Chinese communist official image, it is being sold by the Swiss-based Daros Collection and is expected to go for more than $12m. It is currently being touted as a Western perception of Mao as an ominous threat to democratic ideals. However, by subjecting the official image of the chairman to his own inimitable signature style, Warhol ultimately transformed Mao into an innocuous Pop star - a genuine "Warhol." The Daros Collection's holdings of works by Andy Warhol from the 1960s are unparalleled and include 210 Coke Bottles, 1962, Blue Liz as Cleopatra, 1963 and Atomic Bomb, 1964. The Mao is being sold in order to raise funds for future acquisitions of prime works from the 1960s.

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