What's Happening?
Sotheby's in New York is set to auction Vincent van Gogh's drawing 'Sower in a Wheatfield with Setting Sun' on November 18, with an estimated price between $8 million and $10 million. This drawing, created
in July 1888, belonged to Leonard Lauder, a prominent art collector and heir to the Estée Lauder cosmetics empire, who passed away in June at the age of 92. The drawing is a copy of Van Gogh's original painting 'The Sower,' which is currently housed at the Kröller-Müller Museum in the Netherlands. The auction could set a new record for a Van Gogh drawing if it surpasses the $8.8 million hammer price of 'La Mousmé,' another Van Gogh work sold in 2021.
Why It's Important?
The auction of Van Gogh's 'Sower' drawing is significant as it highlights the enduring value and appeal of Van Gogh's work in the art market. A record-setting sale would underscore the high demand for Van Gogh's art, reflecting his status as one of the most influential artists in history. The sale also emphasizes the role of prominent collectors like Leonard Lauder in preserving and promoting art. Lauder's collection, which includes Cubist works donated to the Metropolitan Museum of Art, has had a substantial impact on the art world. The auction could influence future valuations of Van Gogh's works and other pieces from Lauder's collection.
What's Next?
Following the auction of 'Sower in a Wheatfield with Setting Sun,' Sotheby's will continue to offer other significant works from Leonard Lauder's collection, including paintings by Gustav Klimt. The sale is expected to generate over $400 million, attracting attention from collectors and investors worldwide. Additionally, Christie's will auction another Van Gogh drawing, 'Fisherman with Basket on his Back,' on November 18, with an estimated price of $400,000 to $600,000. These events may lead to increased interest in Van Gogh's works and further auctions of high-value art pieces.
Beyond the Headlines
The auction of Van Gogh's 'Sower' drawing not only highlights the financial aspects of art collecting but also raises questions about the cultural and historical significance of preserving such works. As art pieces change hands, their provenance and the stories they carry become crucial in understanding their impact on art history. The sale also reflects broader trends in the art market, where works by renowned artists continue to command high prices, influencing the strategies of museums and private collectors.
