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New record for Miro at Sotheby's.

A new benchmark has been set in Sotheby's London saleroom. Joan Miro's Peinture (...toile Bleue) - a painting from 1927 that the artist identified as absolutely key to his oeuvre - sold for the record price of $36,946,396.

The work was contested by four determined bidders who together pursued the painting to its final price in dramatic increments to a sum that outstrips the previous record for Miro by a wide margin and represents a figure almost triple the price achieved when the same work sold at auction in 2007.

This record price -the highest price for any work of art sold in London thus far this year - coincides with a moment of unprecedented demand for Surrealist art (a number of new benchmarks in the field have been set in the last year. It also comes at a time when Miro is enjoying unprecedented visibility as the recent subject of hugely successful retrospectives in London, Barcelona and Washington.

Helena Newman, Chairman of Sotheby's Impressionist and Modern Art Department, Europe, said, "Peinture (...toile Bleue) is one of Miro's most important paintings, effortlessly bridging the transition between figurative and abstract art. His works from this period are supremely modern, timeless and of great universal appeal, making this precisely the type of painting that today's international collectors are prepared to lock horns over, as they did this evening."

2012 CPI Financial. All rights reserved.

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Publication:CPI Financial
Date:Jun 20, 2012
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