Christie's labeled the auction the "sale of the century", although it's a bit early in the 21 Century and the effects of the current economic crisis are just beginning to show up.
We collected some articles about the collection and the auction because we are convinced about the importance of this Auction for the Art Market and the general development of the prices for Contemporary Art.
"Les Coucous, Tapis Bleu et Rose," is part of an ensemble of works in the collection by Henri Matisse. Painted in 1911, it is estimated to sell for $16 million to $23 million.Inside Yves Saint Laurent's Art Collection
(Forbes.com)
At an unprecedented auction in Paris, a Matisse masterpiece stands out in a sale that could fetch $390 million.
When iconic designer Yves Saint Laurent died of brain cancer in June last year at the age of 71, he left behind a rich fashion legacy: He popularized the women's pantsuit, see-through blouses and the safari jacket. But he also left behind one of the world's greatest art collections.
Assembled over 50 years with his lover and business partner Pierre Bergé, the 700-plus works will go on the block Feb. 23 in a three-day auction that art-world aficionados are referring to as the sale of the century. The collection spans a range of styles and eras, including old master paintings and drawings, rare works by impressionist greats, African art and more. Christie's International, which is running the sale at Paris' Grand Palais, is estimating a total take as high as $390 million.
Proceeds from the sale will go to two charitable foundations set up by Saint Laurent and Bergé.
Since the financial markets started collapsing in the fall, auctions have struggled, and auction houses have limited the number of lots for sale.
PARIS: Less than four months after the death of the French couturier Yves Saint Laurent, his longtime partner and companion Pierre Bergé announced in September that he intended to sell the art collection that they had compiled over 50 years together. The three-day sale by Christie's France in collaboration with Pierre Bergé & Associés, Bergé's own auction house, will start here Feb. 23.
Labeled the "sale of the century" by Christie's, it will include over 700 lots with an estimated total value of €200 million to €300 million, or $255 million to $380 million.
China lawyers to sue Christie's over Yves Saint Laurent auction: report
(International Herald Tribune)
Chinese lawyers will sue auction giant Christie's over the sale of relics owned by the late Yves Saint Laurent which they say were stolen from a looted Beijing palace, according to state press.
The lawyers are hoping that French courts will stop the auction house from selling two bronze animal heads at a February sale in Paris and order the return of the relics to China, the Beijing Times reported.
"The lawsuit will be placed before a French court in accordance with international law," Liu Yang, one of 67 Chinese lawyers working on the case, told the paper.
"We are demanding that the auction house stop the sale and order the owner of the stolen items to return them."
The relics currently belong to the Yves Saint Laurent Foundation and were being put up for auction by the late fashion magnate's partner Pierre Berge, the paper said.
Yves Saint Laurent and Pierre Berge Collection slated for Feb. 23-25 auction
http://acn.liveauctioneers.com/index.php/auctions/upcoming-auctions/373-yves-saint-laurent-and-pierre-berge-collection-slated-for-feb-23-25-auction-in-paris
Pierre Bergé 23-25 February 2008, Christie Auction
PARIS - Christie's is honored to announce the sale of the Yves Saint Laurent and Pierre Bergé Collection, which will take place in Paris on Feb. 23, 24 and 25, 2009 at the Grand Palais, Paris, in association with the Pierre Bergé & Associates auctioneers.
The works of art in the respective apartments of Yves Saint Laurent and Pierre Bergé at the rue de Babylone and the rue Bonaparte, were brought together to become one of the most important collections ever to come onto the art market. A reflection of 50 years of passionate and detailed search for rare and unique pieces, this
shared collection is a truly moving exhibition of their shared eye. It is one of the most sumptuous private collections of our time, a French paragon of quality and taste, consisting of masterpieces of Modern Art, Art Deco, European furniture and works of art, antiquities, Old Master and 19th-century paintings and drawings. The more than 700 works are expected to realize between $270 million and $404 million.
HIGHLIGHTS FROM THE COLLECTION YVES SAINT LAURENT and PIERRE BERGE CHRISTIE’S 23-25 February 2009, the PDF download from Christie's PressCenter
http://www.christies.com/presscenter/pdf/09262008/112357.pdf
Christie's Press Releases
http://www.christies.com/about/press-center/index.aspx
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