What's Happening?
Christie's is set to auction a rare wooden mobile by Alexander Calder, titled 'Painted Wood' from 1943, with an estimated sale price between $15 million and $20 million. This piece is part of Calder's
Constellation series and is considered the largest and most significant of its kind to appear at auction. The mobile is being offered from the collection of Patricia Phelps de Cisneros, a notable collector of Latin American art. The mobile was previously featured in Calder's 1943 retrospective at the Museum of Modern Art in New York, marking him as the youngest artist to have a solo exhibition at the museum at that time.
Why It's Important?
The auction of this Calder mobile is significant as it highlights the enduring value and interest in Calder's work, particularly his early pieces. The high estimate reflects the rarity and historical importance of the piece, which could set a new auction record for Calder's work. This event underscores the strong market for 20th-century art and the continued appreciation for Calder's innovative contributions to modern art. Collectors and institutions may see this as an opportunity to acquire a piece with substantial provenance and historical significance.
What's Next?
The auction is scheduled as part of Christie's 20th Century Evening Sale next month. Art collectors and institutions will likely be closely watching the sale, as it could influence the market for Calder's work and similar 20th-century art pieces. The outcome may also impact future valuations and auction strategies for works from this period.
Beyond the Headlines
This auction not only highlights Calder's artistic legacy but also reflects broader trends in the art market, where provenance and historical context significantly influence value. The sale may prompt discussions about the preservation and exhibition of such historically significant works, as well as the role of private collectors in maintaining art heritage.
