What is the story about?
What's Happening?
Vincent van Gogh's painting 'Parisian Novels' is expected to become the most expensive painting from his Paris period at an upcoming Sotheby's auction in New York. Estimated at $40 million, the painting is part of the Pritzker collection and will be auctioned alongside other works valued at $120 million. 'Parisian Novels' depicts a table strewn with books and roses, reflecting Van Gogh's passion for literature. The painting was previously owned by Cindy Pritzker, a prominent supporter of the Chicago Public Library. The auction will also feature Van Gogh's drawing 'Public Garden with Benches,' estimated at $2.5 million to $3.5 million.
Why It's Important?
The sale of 'Parisian Novels' is significant for the art market, as it could set a new record for Van Gogh's Paris period works. This highlights the enduring value and appeal of Van Gogh's art, particularly his lesser-known Parisian pieces. The auction reflects the continued interest in impressionist and post-impressionist art, which remains a lucrative segment of the art market. The Pritzker collection's sale also underscores the influence of private collectors in shaping public access to art, as these works have been exhibited in major galleries worldwide.
What's Next?
The auction of 'Parisian Novels' is scheduled for November 20, with previews in Abu Dhabi, London, Paris, and New York. The sale could influence future valuations of Van Gogh's works, particularly those from his Paris period. The outcome may also impact the strategies of art collectors and investors, as high-profile sales often set trends in the art market. Additionally, the auction may lead to increased interest in Van Gogh's Parisian works, prompting further exhibitions and scholarly research.
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