Yves Klein's Le Rose du bleu sets new world record at $36.7m



2015-06-26 12:54:28

Yves Klein's Le Rose du bleu sets new world record at $36.7m

Yves Klein's ethereal Le Rose du bleu topped a stunning sale from Christie's

Christie's highly-anticipated Post-War and Contemporary Art Evening Auction was highlighted by the sale of Yves Klein's Le Rose du bleu in London last night (June 27).

Yves Klein le rose de bleu Christie's world record auction Klein's work is now the most valuable French post-war piece

The ethereal work achieved the highest-price paid for any of Klein's works at auction, just topping the $36.4m record set by his Fire Colour 1 at Christie's in May this year. Le Rose du bleu also now stands as the most valuable work by a French post-war artist ever sold at auction. With an estimate only available on request, Klein's 1960 masterpiece sold for an impressive 23.5m ($36.7m). The work was consigned to the ground-breaking auction as part of the art collection of German producer, Siggi Loch and his wife, Sissi. Read more about this fascinating collection here. Another of Klein's sponge reliefs from the collection, entitled Relief eponge bleu, sold within its 6m-9m estimate at 7.6m ($11.9m). The auction was a remarkable success for Christie's, whohave dominated art sales across the globe in 2012. Realising 132.8m, the sale is the highest ever result for a Post-War and Contemporary Art auction in Europe. While the Klein work may have provided the top lot of the sale, all eyes were on an extremely rare Study for a Self-Portrait from Francis Bacon. After the 1964 work -which features Bacon's head on Lucien Freud's body - failed to sell at another Christie's auction in 2008, the crowd waited with bated breath to see the results. With an unpublished estimate (thought to be in the region of 15-20m), the work sold for 19.2m to New York dealer, Christophe van de Weghe. The current world record for a Francis Bacon work at auction stands with Triptych 1976, which was sold to Russian oligarch Roman Abramovich, for $86.3m in 2008. Paul Fraser Collectibles brings you all the latest news from the world of art collecting. Check back with us regularly for the results of Christie's follow-up Day Auction, which takes place today (June 28). Looking to boost your own portfolio? Paul Fraser Collectibles has a brilliant range of investment-grade art here.

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