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Gauguin Painting Sells for $19.2 Million

Filed under: Auctions

Paul Gauguin's lovely "Deux Femmes''  sold for 11 million pounds ($19.2 million) at Sotheby's London. The painting was the most expensive lot in the Impressionist sale. The Gauguin went to a telephone bidder. The auction also included eight paintings from Edvard Munch which sold for a total of 16.9 million pounds, including commission. Joan Miro's gold-and-blue picture of a bird under a sickle-shaped moon was the number two lot at  4.6 million pounds. The prices seems to indicate that the Impressionist market is continuing to thrive. Bloomberg notes that European impressionists including Gauguin gained 17 percent last year, while contemporary art rose 13.8 percent.

Prized Gauguin Goes On The Block

The Impressionist auction from Sotheby's on February 7 in London offers the usual top-ranking artists including Picasso, Edvard Munch, Paul Gauguin and Claude Monet. The work expected to bring in the most money this time is Paul Gauguin's Deux Femmes which is expect to sell for 11 to 14 million pounds (19.4 to 24.7 million dollars). The tranquil painting is part of Gauguin's Tahiti period and is a classic example of Gauguin's island works. This is the first time the painting has been up for sale since 1951. Other paintings on the block include Monet's Waterloo Bridge, Picasso's Man with a Pie and several paintings from Edvard Munch.

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