Fine Art

Sotheby’s Surrealist Art Auction in Paris to Fetch Millions of Dollars

Surrealism is a broad art landscape that includes many high-profile artists. Pablo Picasso, Salvador Dali, Rene Magritte, Frida Kalo, Max Ernst, Man Ray are a few artists that first come to mind. These are all artists whose works that routinely sell in the millions of dollars for their artwork.

On March 16, 2022, Sotheby’s is opening Surrealism and Its Legacy in Paris. Paris is known to be the art capital of the universe, and Collectors Dashboard wanted to explore what a high-end auction house would take to sell at the art capital of the world.

Collectors Dashboard evaluates high-end collectibles as an alternative asset class. Competition to own million dollar works of are fierce and attracting the same capital that could have been invested into stocks or bonds. Many famous works now cost several million (or much more). Collectors with a passion to own a collectible for years frequently have to compete directly against investors whose only desire is to make a profit in the future.

Here are 12 pieces of art estimated to reach into the millions when sold by Sotheby’s in Paris:

  • Lot 5. Francis Picabia, Pavonia, with an estimate of 6,000,000 – 8,000,000 EUR which is $6,642,282.11 to $8,856,376.14 USD (Image below by Sotheby’s)

Francis Picabia PAVONIA

  • Lot 4. Hans Arp, The O and U of the bird, with an estimate of 3,000,000 – 5,000,000 EUR which is $3,321,141.05 to $5,535,235.09 USD.
  • Lot 8. Francis Picabia, Nude back, with an estimate of 3,000,000 – 5,000,000 EUR which is $3,321,141.05 to $5,535,235.09 USD.
  • Lot 10. Wifredo Lam, The light of the jungle, with an estimate of 2,500,000 – 3,500,000 EUR which is $2,767,617.54 to $3,874,664.56 USD.
  • Lot 6. René Magritte, The courtesan’s palace, with an estimate of 2,000,000 – 3,000,000 EUR which is $2,214,094.03 to $3,321,141.05 USD.
  • Lot 15. Yves Klein, Untitled anthropometry (ANT 20), with an estimate of 1,600,000 – 2,200,000 EUR which is $1,771,275.22 to $2,435,503.44 USD.
  • Lot 22. René Magritte, The Mona Lisa (Mona Lisa), with an estimate of 1,500,000 – 2,500,000 EUR which is $1,660,570.52 to $2,767,617.54 USD.
  • Lot 18. Lucio Fontana, Concetto Spaziale, with an estimate of 1,000,000 – 1,500,000 EUR which is $1,107,047.01 to $1,660,570.52 USD.
  • Lot 23. Balthus, Sleeping nude, with an estimate of 900,000 – 1,200,000 EUR which is $996,342.31 to $1,328,456.42 USD.

We will follow up with the action as it nears its end and after it closes to keep track of these famous artists and their prices.