Many of the world's super-rich love their art, and a few of them choose to invest in a glowingly competitive market. And the recent record breaking auction at Christies confirms that, an unidentified buyer bid by phone $179.4 Million for a painting by Pablo Picasso, ‘Les Femmes d’Alger, making it the most valuable piece of art ever sold at auction. That toppled the former record of $142.4 million paid for Francis Bacon’s triptych “Three Studies of Lucien Freud”, which had stood since November 2013.
The Picasso sale was a highlight in Christie’s “Looking Forward to the Past” sale, featuring works spanning over 100 years of the Modernist style. Beating all expectations, the evening realized $706 million, a landmark in what the auction-house called a ‘new era’ for an art market, in which a growing circle of elite private investors chase inevitably scarce masterpieces.
If the Picasso was slightly out of your reach perhaps one of the other three pieces which sold for over $50 million or the nine at over $20 million and 12 at over $10 million. The auction totaled a sum of $705.9 million by the end. Lots included a sunset view of the Houses of Parliament by the Claude Monet and a Mark Rothko work, ‘No. 36 Black Stripe’, both of which went for over $40 million.
Now do you wish you had been one of over 15,000 people who had viewed the pre-sale exhibition at Rockefeller Center in Manhattan, or perhaps been bidding at the auction? Not to worry the next auction is just months away.... although you may pay a few million more to wait.
As the red carpets begin o unroll, Cannes is setting the stage to welcome its annual influx of who’s who elite. Everyone from paparazzi, executives, designers & top rated actors, actresses & film professional are decending on Cannes for over a week of screenings, events and mega-yachts. Some call it the kick off to the summer in the South of France, but it is better known as the Cannes Film Festival, celebrating its 68th year.
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Many of the world's super-rich love their art, and a few of them choose to invest in a glowingly competitive market. And the recent record breaking auction at Christies confirms that, an unidentified buyer bid by phone
Some very chic news is landing just in time for Cannes Film Festival. Uber will exclusively partner with Hélipass offering flight reservations between Nice-Côte d’Azur Airport and Cannes for just 160 euros. Not bad considering the Euro is at a recent low for this years film festival.
The prestigious Cannes Film Festival is just around the corner and just in time. After the so many fashion disasters at the Met Gala you can be sure the Cannes Film Festival will restore the fashion balance to the world. Due to the exclusivity of the festival, be prepared to see the most A-List of the A-List and the most gorgeous gowns that celebs have been hoarding for this festival. The week is packed with screenings, galas, private soirees and award reception. If the Met Gala is the Oscars of Fashion, then Cannes is the Fashion Olympics.
The Upper East Side apartment of the late Joan Rivers’ went on the market this week for a cool $28 Million. The legendary comic, who died unexpectedly last September at 81 after a botched throat procedure, called the 1 E 62nd Street penthouse home for 25 years.