What's Happening?
Christie’s is set to auction a rare wooden mobile by Alexander Calder, titled 'Painted Wood,' with an estimated value between $15 million and $20 million. This piece, created in 1943, is the largest and most
significant of Calder’s wooden Constellation mobiles to appear at auction. The mobile is part of the collection of Patricia Phelps de Cisneros, a notable collector of Latin American art. It was featured in Calder’s 1943 retrospective at the Museum of Modern Art in New York, marking him as the youngest artist to receive a solo exhibition at the museum at that time. Calder, who passed away in 1976, is currently celebrated in multiple exhibitions, including at the newly opened Calder Gardens in Philadelphia.
Why It's Important?
The auction of Calder’s mobile is significant due to its high estimated value, potentially setting a new record for Calder’s work at auction. The piece’s provenance and historical importance add to its allure, attracting collectors and art enthusiasts. The sale reflects the strong market demand for Calder’s works, highlighting his influence in modern art. The auction could impact the valuation of similar artworks and influence future sales in the art market, benefiting collectors and auction houses.
What's Next?
The auction is scheduled for next month at Christie’s 20th Century Evening Sale, where the mobile is expected to be the leading lot. Art collectors and investors are closely watching the sale, anticipating potential bidding wars that could drive the price beyond the estimated range. The outcome may influence future auctions and the valuation of Calder’s works, potentially setting new benchmarks in the art market.
Beyond the Headlines
The auction underscores the enduring legacy of Alexander Calder, whose innovative mobiles have left a lasting impact on modern art. Calder’s work continues to be celebrated in exhibitions worldwide, reflecting his influence on contemporary artists and the art community. The sale highlights the importance of provenance and historical context in art valuation, as well as the role of prominent collectors in shaping the art market.
