Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Sothebys    BID

SOTHEBYS (BID)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Sothebys : (English) A Remarkable Fang Reliquary Head joins the Trio of the Highest-Priced Fang Heads, all sold at Sotheby's

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/14/2018 | 12:33pm CEST

Press release Paris

| 33 (0)1 53 05 53 66 | Sophie Dufresne | [email protected] | 33 (0)1 53 05 52 32 | Claire Jehl | [email protected]

African and Oceanic Arts Sale achieves

nearly €6 million ($6,6m)

at Sotheby's Paris

A REMARKABLE FANG RELIQUARY HEAD

Sold for €2.6 million ($3m)

joins the trio of the highest-priced Fang heads, all sold at Sotheby's

MAMBILA MASK, CAMEROON World auction record for a Cameroon mask €405,000 ($477,000)

Paris, 13 June 2018 - With a total of nearly €6 million ($6,6m), the African and Oceanic Art sale achieves several world auction records and some strong prices for major works, including a remarkable Fang head.

Registration no. 2001 - 002 of 25 October 2001

Sale conducted by Cécile Verdier

Alexis Maggiar, European head of the African and Oceanic Arts Department : "Apart from the extraordinary price obtained by the Fang head, we are also delighted by the success of the Mambila and Grebo masks. These two pieces by anonymous masters, which we have been privileged to bring out of the shadows, were completely unseen at auction. The market's recognition of their true value today makes these both magnificent discoveries a real triumph."

With €2.6 million ($3m), the Fang reliquary head, from the former Paul Guillaume collection, joins the top three highest prices ever fetched for Fang heads, all sold recently at Sotheby's. Bidders competed over a work remarkable for several reasons: not only for its extreme rarity and extraordinary sculptural quality, but also for its provenance, linking it with the truly outstanding African art collection assembled by famous art collector and dealer Paul Guillaume (1891-1934) (lot 33).

The sale also did justice to the Department's expertise as a genuine discoverer of new pieces. Two unknown works appeared on the market for the first time, and took up their rightful position in the history of African art.

The first soared to top place in a group of highly sought-after works: a Mambila mask (lot 66) from a Spanish collection garnered the world auction record for a Cameroon mask. This belongs to a corpus of singular masks whose bold, expressionistic features make them astoundingly modern. With its concave carved face and protruding tubular eyes, it quadrupled its low estimate, fetching €405,000 ($477,126).

The second, a Grebo mask from Ivory Coast, discovered in a Swedish collection, illustrates the minimalist art characteristic of this style to perfection. Collectors responded to the rarity and unique character of this very old example, driving the bidding up to €279,000 ($328,687) (lot 26).

The sale also featured some outstanding works of Oceanic art. A head from the Tabar Islands, New Ireland, once part of the Jacques Kerchache collection, fetched €309,000 ($364,030) (lot 52). A Sepik statue from Papua New Guinea, from the former collection of the leading New York dealer Allan Stone, sold for €309,000 (lot 13). And lastly, an akatara pole-club from the Cook Islands, knocked down for €106,250 ($364,030) (lot 48), followed in the wake of the world record achieved by a similar club at Sotheby's New York in May.

Visit us on: www.sothebys.com/en/inside/services/press/news/news.html

Follow us on: www.twitter.com/sothebys

Join us on: www.facebook.com/sothebys & www.weibo.com/sothebyshongkong Watch us on: www.youtube.com/sothebys

*Estimates do not include the buyer's premium, and prices consist of the hammer price and the buyer's premium

Disclaimer

Sotheby's Inc. published this content on 13 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 June 2018 10:32:03 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SOTHEBYS
12:13aSOTHEBYS : Sale L18008 Impressionist & Modern Day Sale
PU
12:13aSOTHEBYS : Sotheby's Impressionist & Modern Art Series Totals £105.7 million / $..
PU
12:13aSOTHEBYS : (English) Sotheby's Paris | Design in Situ - Auction on 27 June
PU
06/20SOTHEBYS : AUCTION OF WONDERS Picasso painting goes for £27m as Sotheby's sale o..
AQ
06/20SOTHEBYS : Sale L18006 Impressionist & Modern Art Evening Sale
PU
06/20SOTHEBYS : Fresh-to-the-Market Works by Picasso, Giacometti, Monet, Kandinsky an..
PU
06/20SOTHEBYS : Bruce Springsteen 'Born to Run' lyric sheet estimated to sell for $30..
AQ
06/18SOTHEBYS : Sotheby's to Offer Collection of Damien Hirst's Business Manager, Fra..
PU
06/15MASTERS OF LIGHT : Four Outstanding Paintings Charting the Path of Impressionism
PU
06/14Chinese vase found in attic sells for $19m
AQ
More news
News from SeekingAlpha
06/12Sidoti cautious on Sotheby's 
05/22Tracking Dan Loeb's Third Point Portfolio - Q1 2018 Update 
05/06Sotheby's (BID) CEO Thomas Smith on Q1 2018 Results - Earnings Call Transcrip.. 
05/04Sotheby's up 3% post Q1 results 
05/03Sotheby's beats by $0.31, beats on revenue 
Financials ($)
Sales 2018 998 M
EBIT 2018 219 M
Net income 2018 132 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 24,11
P/E ratio 2019 19,72
Capi. / Sales 2018 3,07x
Capi. / Sales 2019 2,98x
Capitalization 3 061 M
Chart SOTHEBYS
Duration : Period :
Sothebys Technical Analysis Chart | BID | US8358981079 | 4-Traders
Technical analysis trends SOTHEBYS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 64,3 $
Spread / Average Target 8,8%
EPS Revisions
Managers
NameTitle
Thomas S. Smith President, Chief Executive Officer & Director
Domenico de Sole Chairman
Adam David Chinn Chief Operating Officer & Executive Vice President
Michael Fenton Goss Chief Financial Officer & Executive Vice President
Scott Henry Executive VP-Technology & Worldwide Operations
Sector and Competitors
1st jan.Capitalization (M$)
SOTHEBYS13.95%3 061
NITORI HOLDINGS CO LTD18.63%20 234
WILLIAMS-SONOMA, INC.20.52%5 274
RH79.04%3 339
BED BATH & BEYOND INC.-8.32%2 823
AT HOME GROUP INC22.80%2 334