Magritte Painting Nets Auction Record of $121 Million

Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)
Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)
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Magritte Painting Nets Auction Record of $121 Million

Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)
Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)

A painting by Rene Magritte shattered an auction record for the surrealist artist on Tuesday, selling for more than $121 million at Christie's in New York.

The seminal 1954 painting had been valued at $95 million, and the previous record for a work by Magritte (1898-1967) was $79 million, set in 2022.

After a nearly 10-minute bidding war on Tuesday, "Empire of Light" ("L'Empire des lumieres") was sold for $121,160,000, "achieving a world-record price for the artist and for a surrealist work of art at auction", according to auction house Christie's.

The painting -- depicting a house at night, illuminated by a lamp post, while under a bright, blue sky -- is one of a series by the Belgian artist showing the interplay of shadow and light.

"Empire of Light" was part of the private collection of Mica Ertegun, an interior designer who fled communist Romania to settle in the United States where she became an influential figure in the arts world.

She died in late 2023 and was married to the late Ahmet Ertegun, the music magnate who founded the Atlantic Records label.

The sale of the Magritte painting was an expected highlight of this week's autumn sales season in New York, at a time when the art market has seen a slowdown since last year.

Christie's -- which is controlled by Artemis, the investment holding company owned by the Pinault family -- said sales totaled $2.1 billion in the first half of this year.

That is down for the second straight year, after a peak of $4.1 billion in 2022 as the world emerged from the coronavirus pandemic.

During the same Christie's auction on Tuesday, a celebrated 1964 painting of a gas station by 86-year-old Ed Ruscha, titled "Standard Station, Ten-Cent Western Being Torn in Half," sold for $68.26 million, setting a new auction record for the American pop artist.



Greek Potter Keeps Ancient Ways Alive, Wins UNESCO Recognition

A drone view of ready handmade pieces in Kouvdis’ family pottery workshop in Agios Stefanos village, near Mandamados on the Greek island of Lesbos, Greece, September 23, 2024. (Reuters)
A drone view of ready handmade pieces in Kouvdis’ family pottery workshop in Agios Stefanos village, near Mandamados on the Greek island of Lesbos, Greece, September 23, 2024. (Reuters)
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Greek Potter Keeps Ancient Ways Alive, Wins UNESCO Recognition

A drone view of ready handmade pieces in Kouvdis’ family pottery workshop in Agios Stefanos village, near Mandamados on the Greek island of Lesbos, Greece, September 23, 2024. (Reuters)
A drone view of ready handmade pieces in Kouvdis’ family pottery workshop in Agios Stefanos village, near Mandamados on the Greek island of Lesbos, Greece, September 23, 2024. (Reuters)

In his seaside workshop on the Greek island of Lesbos, Nikos Kouvdis uses ancient techniques to create pottery pieces that have recently been honored with inclusion in UNESCO's National Inventory of Intangible Cultural Heritage.

Kouvdis, 70, and his family have kept an old technique alive near the once humming pottery hub of Mandamados, just as the slow and careful methods of the past have been largely eclipsed by factory machines.

Their pottery is among the last in the Mediterranean to be produced from clay in local soil, using a traditional kiln with olive pits as fuel, with the pieces painted with natural lime.

"It's an honor for me," Kouvdis said with regard to the UNESCO recognition of his work.

He said a mechanized press can work at 10 times the speed of an individual potter. "There’s no continuity. There’s no space for (our) method to continue."

Still, he continues to produce individual pots on an outcrop of land overlooking the Aegean Sea.

"Above all, it’s a passion - trying to create something that fulfils you," he said.