TOK_HS_048 THE MARKET HEATS UP #EndelLeppFashionHouse #KunstiMEEZ #TOKbyELFH
Miguel Ángel García Vega
Madrid - JAN 11, 2024 - 16:16 CET
The rise of pottery as an artistic discipline and the artist’s large body of earthen works, with pieces priced at as little as $500 and as much as $3 million, have prompted the sale of almost all of the pottery created by the famous painter
When Picasso learned to bake and shape the earth, everything changed. He transformed a craft — pottery — into an art. In 2023, works by the artist in the category of “decorative arts” sold for a total of $16,983,850 (prior to November 11, and according to the art information platform MutualArt.com). Up for auction were 1,468 ceramic pieces, of which 1,098, or 75% of the total, were sold.
On October 30, the global auction house Christie’s put 89 pieces on the market. All of them sold, bringing in just over $3 million. Christie’s top competitor, Sotheby’s, also proved that the fire of genius is as profitable as ever. The seller held two auctions of ceramics, one in April, in London, and another in September, in New York. A total of 176 works were sold, or 96% of the total available. Collectors from 35 countries bid on the pieces. There were some surprises, too: Visage aux yeux rieurs (Face with laughing eyes, in English), a glazed ceramic pitcher, fetched a staggering 165,100 pounds sterling (more than $210,000), setting a world record for that piece of white fired clay. To some, it may sound like a “reasonable” amount when talking about a Picasso. But it is a ceramic jug that was reproduced 350 times, with a starting price set at 40,000 pounds.
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