The auction floor is heating up and our Picasso enthusiasts are closer to his work than ever before. The first original Pablo Picasso drawing to be auctioned in South Africa, a piece titled Au Cirque, is a 1954 coloured crayon drawing by the iconic Spanish Cubist, with an estimated value of R3 to R3.5 million.
This particular piece won’t be on the auction block for the first time, as its auction journey started in 1990 where it was sold for $154 000 by Sothebys, New York and again in 2006 for $240 000 at another Sothebys Impressionist sale in New York. The artwork will be on the South African auction block at the Stephan Welz & Co. Fine and Decorative Arts Sale on Tuesday 7 June, at 19h00.
Picasso’s work is iconic in terms of 20th century art – his 1955 painting Les Femmes d’Alger obtained the highest price ever paid for artwork at an auction. This piece sold for $179.4 million in a Christie’s auction in 2015 proving the worth of this caliber.