A new record has been set at Sotheby’s London for any single print sold at auction with the sale of Pablo Picasso’s La Minotauromachie for £1,273,250 / $1,987,416 , originally estimated at £400,000-600,000.
James Mackie (Sotheby’s Prints specialist): “A new record has been set for any single print sold at auction with the sale of Pablo Picasso’s La Minotauromachie for £1,273,250. Pablo Picasso was the most important and innovative printmaker of the Modern period and he has been credited with the creation of some of the most significant works in the medium’s five-hundred-year history. La Minotauromachie is considered to be the artist’s masterpiece of printmaking. It reflects key themes of the artist and demonstrates a mastery of technique that is unsurpassed. Nearly all recorded impressions of this subject are now in public or permanent collections round the world. The sale total of £8,885,525 is the highest ever for a Sotheby’s Prints sale held in London. At the core of the sale was a group of works from a Private European Collection, which collectively realised £6,540,175 against an estimate of £3,711,000 – 5,283,000. The price realised for Picasso’s La femme qui pleure is the highest achieved at auction for a print of this subject by the artist. Bidding during the auction was competitive and globally based.”
The previous record for any single print ever sold at auction was £1,056,490 for Vampire II by Edvard Munch, sold in Oslo in 2007.
