Communiqu de presse

Press Release

Paris | 33 (0)1 53 05 53 66 | Sophie Dufresne | sophie.dufresne@sothebys.com

Sothebys Achieves the Highest June 2013 Sale Totals in France For Both Impressionist & Modern Art and Contemporary Art Sales

The Combined Sale Total for Sothebys Auctions of Impressionist & Modern and Contemporary Art Over Two Days Reaches 46.1m/$60.3m/ 39.2m
The Highest-Ever Total for a Sale Series at Sothebys Paris
Highest Priced Contemporary Work of Art This Auction Season in Paris:

Jean-Michel Basquiat's Crown Hotel Sells for 5.7/ $7.4m / 4.8m A Record Price at Auction for the Artist in France 10 Works sold for over 1 million 4 works sold for over 2 million Two works by Pablo Picasso from the collection of Marina Picasso, the artists granddaughter, raise a combined total of 5.2m/ $6.7/ 4.4 A record price at auction in France was established for
Agrment N 2001 002 du 25 octobre 2001 Vente dirige par Cyrille Cohen, Philipp Wrttemberg et

Alberto Giacometti With the sale of one of the artists earliest painted bronzes, Figurine, which fetched 2.7m/ $3.5m/ 2.3

Contemporary Art Sale, 5th & 6th June 2013

Stefano Moreni, Head of Sothebys Paris Contemporary Art Department, comments, We are extremely pleased with the strong result of tonights sale, which saw the international market responding enthusiastically to rare works from renowned collections. We succeeded in achieving the highest total for a Contemporary Art Evening sale this summer auction season in Paris. This is testament to our strength in sourcing and selling high-calibre works by major global artists, responding precisely to the desires of our clients, with a particular focus on internationally recognised French artists."

Impressionist & Modern Art 6th June 2013

Thomas Bompard, Head of Sothebys Paris Impressionist & Modern Art Department said, Tonights sale featured exemplary works by Picasso, Giacometti, Lger, Kandinsky, de Chirico and Mir in La Galerie Charpentier. Sothebys offered the best, and the sale results were even better! Of all the major auctions that have taken place in Paris this summer season, tonights Impressionist & Modern Art sale stands out as one in which as many as four of the top lots were hammered down at sums that exceeded expectations, thanks to those discerning collectors who have shown their confidence in Sothebys France.

Record prices
Lon Spilliaert, Digue dOstende aux rverbres, 1908: 361,500 / $473,692/306,954 **Worldwide record for the artist at auction** Joan Mir, Grand Vase, 1956: 601,500 /$ 788,176/ 510,741 ** Worldwide record for a ceramic of the artist at auction ** Alberto Giacometti, Figurine, conue vers 1949-1950, fondue en 1950 et peinte en 1951 : 2,673,500/ $3,503,221/ 2,270,102 **Record in France for the artist** Jean-Michel Basquiat, Crown Hotel, 1982: 5,697,500 / $7,436,320 / 4,848,931 ** Record in France for the artist ** Zao Wou Ki, 14.7.71 , 1971: 2,113,500/ $2,758,519/ 1,798,721 ** Record in France for the artist ** Willem de Kooning, Five Women, 1952: 901.500/ $1,176,629/ 767,233 ** Record in France for the artist ** Jean-Michel Othoniel, Sant titre (collier multicolore), 2007 : 97,500/ $127,256/ 82,979 ** Record in France for the artist **

Impressionist & Modern Art Total : 19,759,050/ $25,891,271/ 16,777,651 Estimate: 14,434,200-20,631,800/ $19,154,305-27,359,653/ 12,412,06917,729,169 73.3 % sold by lot 90.4 % sold by value Contemporary Art Combined Total Total: 26,349,838/ $34,391,545/ 22,425,368 Estimate: 18,348,000-25,881/ $23,947,626/ 15.615.301-22.026.358 84.7% sold by lot 98.4% sold by value 63.9% lots that sold above high estimate Contemporary Art Evening Sale Total: 21,623,600 / $28,222,906/ 18,403,043 Estimate: 15,350,000-21,620,000 / $20,034,667-28,218,208/ 13,063,81518,399,979 96.9% sold by lot 99.8% sold by value Contemporary Art Day Sale Total: 4,726,238/ $6,168,639/ 4,022,326 Estimate: 2,998,000-4,261,000/ $3,912,960-5,561,415/ 2,551,4863,626,379 81.7% sold by lot 92.4% sold by value

Press Release
Paris | 33 (0)1 53 05 53 66 | Sophie Dufresne | sophie.dufresne@sothebys.com

Sothebys Paris Evening Sale of Impressionist & Modern Art Achieves 19.8m / $25.9m / 16.8m The Highest Impressionist & Modern Art Sale Total of the 2013 Paris Summer Auction Season
Highest Price of the 2013 Paris Summer Impressionist & Modern Art Sales:

Femme Assise en Robe Grise by Pablo Picasso Sells for 3.7m/ $4.9m/ 3.2
From the Collection of Madame Marina Picasso, Granddaughter of the Artist

Record Price at Auction in France Established For Alberto Giacometti

Femme assise (Femme assise en robe grise) by Pablo Picasso, 31 August 1943, sold by Madame Marina Picasso sold for 1,393,500 / $1,825,973 / 1,183,238 (est. 2.5-3.5m /$3.26-4.56m) Femme Assise en Robe Grise by Pablo Picasso, dated 10.12.38, sold by Madame Marina Picasso sold for 3,793,500/ $4,970,813/ 3,221,107 (est. 2.5-3.5m/ $3.2-4.5m)

Paris, June 6th 2013 Tonight Sothebys Impressionist & Modern Art Evening Sale realised an overall total of 19,759,050 /$25,891,271 /16,777,651 (est. 14,584,20020,831,800/ $19,154,305-27,359,653/ 12,412,069-17,729,169), the second-highest total in this category at Sothebys Paris. The top lot of the sale was Pablo Picassos Femme Assise en Robe Grise which exceeded pre-sale expectations and sold for 3,793,500/ $4,970,813/ 3,221,107 (est. 2.5-3.5m/ $3.2-4.5m). The work was offered from the personal collection of his granddaughter Marina Picasso. A record price at auction in France was established for Alberto Giacometti with the sale of one of the artists earliest painted bronzes, Figurine, which fetched 2,673,500/ $3,503,221/ 2,270,102 (est. 1-1.5m /$1,312,000-1,968,000). The sale was 73.3% sold by lot and 90.4% sold by value, with five works selling for over 1million.

Thomas Bompard, Head of Sothebys Paris Impressionist & Modern Art Department said, Tonights sale featured exemplary works by Picasso, Giacometti, Lger, Kandinsky, de Chirico and Mir in La Galerie Charpentier. Sothebys offered the best, and the sale results were even better! Of all the major auctions that have taken place in Paris this summer season, tonights Impressionist & Modern Art sale stands out as one in which as many as four of the top lots were hammered down at sums that exceeded expectations, thanks to those discerning collectors who have shown their confidence in Sothebys France. WORKS FROM THE COLLECTION OF MARINA PICASSO This evenings sale offered the very first opportunity for collectors to bid for two works by Pablo Picasso that formed part of the collection of the artists granddaughter, raising a combined total of 5,187,000/ $6,796,785/ 4,404,435. The Sale will fund the noble causes supported by Marina Picasso to benefit children and adolescents in difficulty in Vietnam, France and Switzerland. The works date from 1938 and 1943 and reflect Picassos new, combative aesthetic approach and militant engagement during years of war. Palette et Tte de Taureau was sought after by x bidders, on the phone, in the room and online and after prolonged bidding sold above the high estimate for 1,393,500/ $1,825,973/ 1,183,238 (est. 1-1.5m/$1.3-1.9m). Painted in 1938 just a year after Guernica, the dramatic tension is still apparent. The work exudes a malaise and terror through its strong black lines on a grisaille ground. The second powerful work, Femme Assise en Robe Grise, also attracted competitive bidding, and finally fetched 3,793,500/ $4,970,813/ 3,221,107 (est. 2.5-3.5m/$3.2-4.5m). The painting shows Dora Maar with dark rings around her eyes, portrayed as a sort of black sphinx in an Elizabethan dress that resembles a suit of armour. Marina Picasso believes that helping to look after orphaned children or suffering adolescents and surrounding them with affection has been a constant aim of my life. The sale of these two paintings will enable me to support various organizations involved in these fields. THE COLLECTION OF COMTESSE VIVIANE DE WITT Following Sothebys Paris sale of Contemporary Art last night, the works offered in tonights auction performed extremely well, bringing a combined total of 3,272,000/ $4,287,465/ 2,778,295 (combined pre-sale est. 1.3- 1.95m/ $1.7-2.6 /1.1-1.65m). This brings the total for works from The Collection of Comtesse Viviane de Witt sold at Sothebys Paris this week to 13,378,900/ $15,118,157/11,372,065 (est. 9,049,200-12,792,800/ $10,225,59614,455,864/ 7,691,820-10,873,880). A highlight of the works offered from the collection, and appearing on the market for the first time since the 1980s, was one of Alberto Giacomettis earliest painted bronzes, Figurine, which dates from the early 1950s. Giacometti gave it as a gift to his friend, the painter Balthus. Following extended bidding from five bidders, the work sold well above the high estimate for 2,673,500/ $3,503,221/ 2,270,102 (est. 1-1.5m/ $1,312,000-1,968,000) establishing a record auction price in France for the artist. Viviane de Witt is married to Jrme de Witt a descendant of Napoleon's brother Jrme, King of Westphalia and became one of France's first female auctioneers in 1978, swiftly making her mark on the country's male-dominated auction world. THE COLLECTION OF ALEX & ELISABETH LEWYT Eminent American art patrons, Alex & Elisabeth Lewyt assembled one of the most famous collections of late 19th/ early 20th century European art. Following last nights sale of Contemporary works from the Collection, tonights sale brings the combined Paris sales total of works from the collection to 2,824,625/ $3,191,826/ 2,400,931 (pre-sale est. for the group of works 2,156,000-3,216,000/ $2,436,280-$3,634,080/1,832,600-2,733,600). Previously Sothebys New York sales in May 2013 of selected works from the Collection brought
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a total of 79.4m/ $104.2m/ 67.1m/, bringing the global Sothebys total to date to 82.2m/ $107.4m/ 69.9m. Befitting Mr and Mrs Lewyts deep devotion to philanthropy, proceeds from the sale of their collection will benefit a charitable foundation to be established in their name. The foundation will support the causes that they both were passionate about, especially those concerned with animal welfare. FURTHER SALE HIGHLIGHTS Wassily Kandinskys 1925 Blauer Kreis no. 2 (Blue Circle II) embodies the artists philosophical reflection on the celestial beauty of the circle. With its explosion of incandescent reds and pinks, this is one of the most intense paintings conceived by Kandinsky during his Bauhaus period. It was acquired by its current owner at the legendary Bourdon Sale in Paris in 1990 1,676,700/ $2,197,046/ 1,423,706 (est. 1-1.5m/$1,312,000-1,968,000). A monumental 1930 triptych by Fernand Lger, Queues de Comte sur Fond Noir (Comet Tails on a Black Ground), fetched 1,777,500/ $2,329,147/ 1,509,297 (est. 1 -1.5m/ $1,312,0001,968,000). The work evokes the interwar glamour of the Riviera. It was commissioned by the famous American couple Sara and Gerald Murphy immortalized by F. Scott Fitzgerald as Dick and Nicole Diver in Tender Is The Night for their legendary Villa America in Cap dAntibes. Alberto Giacomettis Torse, conceived in 1925 and cast during the sculptors lifetime, is often considered his first modern statue. Tonight the work commanded 697,500/ $913,969/ 592,256 (est. 600,000-800,000/$787,000-1,050,000). SURREALIST HIGHLIGHTS Among the spectacular array of Surrealist works offered in tonights sale, a particular highlight was Giorgio de Chiricos L'Enigme du Dpart (c.1925) which sold for 841,500/ $1,102,660/ 714,528 (est. 700,000-1,000,000/$919,000-1,312,000). The work integrates all the iconic elements of his most admired metaphysical period paintings from which are increasingly rare on the international market. Marcel Duchamp was well represented in tonights sale, in particular with the sale of his Monte Carlo Bond (No.27) of 1924 which fetched 337,500/ $442,243/ 286,575 (est. 200,000300,000/ $256,000-384,000). Three works from different periods in Francis Picabias career performed well tonight: Transparence (Portrait of Madame Picabia) from 1925-28 fetched 493,500/ $646,658/ 419,037 (est. 350,000-500,000/$459,000-656,000); Femme au Masque (c.1938), continuing on from Picabias famous Monster series begun in the mid-1920s, sold for 157,500/ $206,380/ 206,380 (est. 150,000-200,000/$197,000-262,000); and Sans Titre, a composition from his abstract period, from the collection of Welsh artist Barry Flanagan, reached 217,500/ $285,001/ 184,682 (est. 200,000-300,000/$262,000-394,000). RECORD PRICES ACHIEVED TONIGHT Lon Spilliaerts work Digue dOstende aux Rverbres exceeded expectations, fetching 361,500/ $473,692/ 306,954 sum twice its pre-sale estimate of 100,000-150,000/ $128,192,000 and a world record price at auction for the artist. Alberto Giacomettis Figurine, which dates from the early 1950s, sold well above the high estimate for 2,673,500/ $3,503,221/ 2,270,102 (est. 1-1.5m /$1,312,000-1,968,000) establishing a record price at auction in France for the artist. Dorothea Tannings The Young Student of 1946 fetched 145,500/ $190,656/ 123,546 (est. 120,000-180,000/ $154,000-231,000), a record price at auction for the artist in France. A world record price at auction for a work in ceramic by Joan Mir was established with the sale of Grand Vase for 601,500/ $788,176/ 510,741 (est. 150,000-200,000/ $192,000-256,000).
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FOR MORE NEWS FROM SOTHEBYS Visit: www.sothebys.com/en/inside/services/press/news/news.html Follow: www.twitter.com/sothebys & www.weibo.com/sothebyshongkong Join: www.facebook.com/sothebys Watch: www.youtube.com/sothebys Sothebys has been uniting collectors with world-class works of art since 1744. Sothebys became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sothebys presents auctions in eight different salesrooms, including New York, London, Hong Kong and Paris, and Sothebys BidNow program allows visitors to view all auctions live online and place bids in real-time from anywhere in the world. Sothebys offers collectors the resources of Sothebys Financial Services, the worlds only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sothebys Contemporary Art department, as well as Sothebys Diamonds and Sothebys Wine. Sothebys has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID). *Estimates do not include buyers premium and prices achieved include the hammer price plus buyers premium. Images are available upon request All catalogues are available online at www.sothebys.com or through Sothebys Catalogue iPad App.

+33 (1) 53 05 53 05 F +33 (1) 47 42 22 32 WWW.SOTHEBYS.COM

Rsultats de vente

Paris
6 juin 13

Art Impressionniste et Moderne

Vente PF1306

Total
(Including Buyer's Premium):

19,759,050 (25,891,271 $)
73.3% 90.4%

Exch Rate:

1.31

Vendu par lot: Vendu en valeur: Lot

Lots Offerts: Lots Vendus/Invendus: Estimation () Acheteur

86 63 / 23

Prix ()

19 3,793,500 (4,970,813 USD) 2,500,000 - 3,500,000 Anonyme Pablo Picasso, Femme assise (Femme assise en robe grise), 1943, huile sur toile 6 2,673,500 (3,503,221 USD) 1,000,000 - 1,500,000 Anonyme Alberto Giacometti, Figurine, conue vers 1949-1950, fondue en 1950 et peinte en 1951, bronze peint

**Record pour lartiste en France**

14 1,777,500 (2,329,147 USD) 1,000,000 - 1,500,000 Fernand Lger, Queues de comte sur fond noir, 1930, huile sur toile 22 1,676,700 (2,197,064 USD) 1,000,000 - 1,500,000 Wassily Kandinksy, Blauer Kreis No. 2 (Cercle bleu II), 1925, huile sur carton 18 1,393,500 (1,825,973 USD) 1,000,000 - 1,500,000 Pablo Picasso, Palette et tte de taureau, 1938, huile et encre sur toile Collectionneur priv amricain Collectionneur priv amricain Anonyme

11 841,500 (1,102,660 USD) 700,000 - 1,000,000 Anonyme Giorgio de Chirico, L'Enigma della partenza (L'Enigme du dpart), vers 1925, huile sur toile 35 697,500 (913,969 USD) Alberto Giacometti, Torse, 1926, bronze 26 601,500 (788,176 USD) Joan Mir, Grand Vase, 1956, cramique 600,000 - 800,000 150,000 - 200,000 Collectionneur priv nord-europen Collectionneur priv europen

8 493,500 (646,658 USD) 350,000 - 500,000 Collectionneur priv europen Francis Picabia, Transparence (Portrait de Madame Picabia), 1928-29, gouache et crayon sur carton 2 385,500 (505,140 USD) 100,000 - 150,000 Pablo Picasso, Vase-Visage, 1948, terre cuite blanche incise Collectionneur priv amricain

Spcialistes de la vente: Thomas Bompard Aurlie Vandevoorde Astrid Baulme

Service de Presse :
Sophie Dufresne 01.53.05.53.66 sophie.dufresne@sothebys.com

Les prix comprennent la commission d'achat de l'acheteur. Les rsultats de vente reprsentent donc les prix d'adjudication majors de la commission d'achat. **Estimates do not include buyer's premium** Vente dirige par Cyrille Cohen. Agrment n 2001-002 du 25 octobre 2001