[Daily News] Yours for R3m!

This original Picasso drawing, worth more than R3million, is set to go under the hammer – the first original Pablo Picasso coloured crayon drawing to be auctioned in South Africa.

The 1954 Au Cirque was unveiled to the media in Cape Town yesterday and is open for viewing before the June 7 sale. A Picasso painting holds the record for the highest price for an artwork at an auction. Last year, his 1955 Les Femmes d’Alger sold for $179.4m at a Christie’s auction. Picasso auction sales for last year closed at $652.8m. ‘Picasso’s works on paper have great allure to collectors,’ said Anton Welz, auctioneer at Stephan Welz & Co. Au Cirque has been sold twice by Sotheby’s Yours for Urn! in New York: in 1990, for $154000, and again in 2006 for $240000. Au Cirque will be open for viewing from June 1 to 5 at Alphen Estate in Constantia, Cape Town. A bid can be made at Alphen Estate, or follow a live video stream and bid online at www.the-saleroom.com and www.invaluable.com

Coverage - Stephan Welz & Co - Daily News - 18 May 2016


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