BBC News
watch One-Minute World News
Last Updated: Wednesday, 5 May, 2004, 12:44 GMT 13:44 UK
Masters' art works command £30m
Miro's The red, the blue, the fine hope
Joan Miro's The red, the blue, the fine hope fetched almost £3m
A sale of big-name Impressionist and Modern art works have been sold for more than £30m at a New York sale.

Paintings by Monet, Magritte and Miro were among the items that were snapped up by bidders at the Christie's sale.

Part of a composition by Impressionist master Monet fetched £2.2 million, while a piece by modernist Miro commanded a little under £3 million.

But attention will switch to Sotheby's on Wednesday, where Picasso's Boy With A Pipe is expected to make £56 million.

The star lot at Christie's evening sale in New York was Giorgio de Chirico's Il grande metafisico, which went under the hammer for £4 million - setting a record for the artist.

The work had been in the hands of the Museum of Modern Art (Moma) since 1958, when one of the building's architects donated it.

Pablo Picasso's Boy with a Pipe
Pablo Picasso's Boy with a Pipe is expected to fetch up to £56m

A piece by Joan Miro - The red, the blue, the fine hope - achieved the second-highest price of the sale.

It was painted just before the Spaniard's emigration to the US, with bright colours referring to his hope and anticipation at arriving in the country.

But a Picasso, a Mogdiliani and a late Picasso portrait were not snapped up.

The Mogdiliani was "just too expensive on the night", said Christie's honorary chairman and auctioneer Christopher Burge.

Picasso's work is widely expected to become the most expensive piece of art ever sold, exceeding the £46 million benchmark set by Van Gogh's Portrait of Dr Gachet.

The sale has been described as a "once in a lifetime" opportunity by David Norman, Sotheby's senior vice-president.


WATCH AND LISTEN
The BBC's Jeremy Cooke
"The pre-auction viewing is an event in itself"



SEE ALSO:
Picasso poised for auction record
04 May 04  |  Entertainment
Sotheby's sells £78m collection
14 Jan 04  |  Entertainment
'Looted' painting fetches £11.3m
24 Jun 03  |  Entertainment
Through the keyhole with Elton
24 Sep 03  |  Entertainment
Renoir sells for £14.5m
07 May 03  |  Entertainment
Auction houses 'to pay $40m'
12 Mar 03  |  Americas


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific