Archive for May 2012

(Blue) Chips off the Old Block: 2012 Spring Auction Review

Though the year in art has just begun, I feel nonetheless confident in saying that the best buy of the year has already occurred. Le repos (The Repose, 1932), a serene portrait of Marie-Thérèse sleeping on her hands, is the finest artwork I’ve seen all year and one of my very favorite portraits of this model.  Smallish (46 cm), yes, but I for one don’t judge artworks by their size, unlike so many of the real estate speculators in the art market. This gem sold at Christie’s NY in May for just under $10M on an estimate of $5-7M. (It last sold in the same room a decade earlier for just over $3M, and before that was bought in at…

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