€12m raised in Artcurial auction

After three months of gracing the streets of the Principality, ‘Monaco Sculptures’ have gone under the hammer, contributing to a €12 million summer auction season for Artcurial.

Richard Deacon, Infinity #16 – 2001

It was the first year that Artcurial organised the Monaco Sculptures project, and with six works sold for more than €200,000 and a total of €4.2 million realised, it’s clear that the inaugural auction was met with plenty of enthusiasm.

Directed by François Tajan, the Monaco Sculptures project secured a total of €4,159,490, with 75% of lots sold. Opening the sale, François-Xavier Lalanne’s ewes and lamb exceeded estimates by fetching 175,000€ and 136,500€ respectively.

François-Xavier Lalanne, Lambs, 1997

But it was the great names of classical sculpture that had bidders particularly excited. Aristide Maillol’s ‘Printemps sans bras’, an antique green patina bronze sculpture, almost doubled its estimate to reach 480,200€, the highest sale of the session. Shortly afterwards, Philippe Hiquily’s iconic Girouettes went up to € 219,800, from an estimate of 100,000- 150,000€.

In contemporary sculpture, Manolo Valdes’ Menine achieved 293,900€ while Bernar Venet, a French Riviera native, saw his 223.5° ARCS X 5 rolled steel piece exceed its estimate to reach 281,800€.

Manolo Valdes, Menine, 2009

Outside of the auction, Monaco Sculptures is a cultural project conceived by Artcurial at the initiative of François Tajan, and in collaboration with Monte-Carlo Société des Bains de Mer. From 24th April to 2nd September, residents and visitors can take an artistic walk through the streets of the Principality to admire 30 monumental works gathered for this sale.

The sculptures were not the only pieces to go under the hammer however at the summer auction. Hundreds of rare jewels, Hermès Vintage handbags and watches realised a sales volume of almost €12 million.

“We wanted to bring with this sale Artcurial’s contribution to Monaco’s ongoing dialogue with artistic creation in all its forms,” said François Tajan, Managing Director of Artcurial SAM. “While the public has been particularly receptive to our proposal over the past few months, collectors have also responded in large numbers, with 75% of lots sold, many to international bidders.”

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