Art Market

Reviewing the Auction Totals During Art Basel Paris

October 22, 20242 Mins Read


In Paris on Friday, during the extended bidding on Salvador Dalí’s Rose méditative at Sotheby’s new headquarters, I started counting potential buyers for the work. Early offers had whisked the small painting of a rose hovering in a blue sky under a wispy cloud, estimated at €700,000, into higher price ranges. It would eventually hammer at €3.9 million after 10 bidders, both in the room and on the phones, took their best shot at landing the prize. But the tone of the sale was set when a Kay Sage painting, Other Answers, estimated at €300,000, sold for €1 million. A small Miró painting—Femmes, from 1932, estimated at €700,000—made €1.9 million. 

For Sotheby’s, the surrealism sale was a smart way to begin the day of auctions, timed to take advantage of Art Basel Paris. Surrealism continues to be a bright spot in the market, especially works by female surrealist painters. Meanwhile, the Centre Pompidou was also mounting a large-scale survey of the century-old art movement that began in Paris. 





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