In a stunning auction event, a painting by renowned French artist Pierre Soulages sold for an impressive €4,222,000 at Christie's in Hong Kong. This vertical composition, featuring bold black brush strokes on an orange-red background, is titled Peinture and measures 162 x 130 cm. The artwork was previously displayed at the Soulages Museum in Rodez, France, where it captivated local art enthusiasts.
Despite Soulages' passing two years ago, his works continue to command high prices, reflecting his enduring legacy in the art world. The recent sale underscores this trend, as it marks a significant transaction for a piece that had been held by the museum for three years.
Interestingly, Soulages set a record for his work in 2021, when another piece, Peinture (195 x 130 cm, 1961), sold for €17 million at Sotheby's New York. This latest sale, while substantial, highlights the fluctuating values of contemporary art, especially as collectors seek to acquire pieces from this influential artist.
The auction not only emphasizes Soulages' importance but also reflects the growing interest in modern art within international markets, indicating a robust demand for significant works.