Edward Hopper's 'October on Cape Cod' set to fetch £7m
Friday 21 September 2012
An oil painting of a Cape Cod autumn scene by Edward Hopper - one of the last paintings by the American artist remaining in private hands - will be offered for sale in November for a pre-sale estimate of $8 million (£4.9 million) to $12 million.
October on Cape Cod" will be sold on 28 November as part of Christie's American paintings sale, and will coincide with a major retrospective of Hopper's work at the National Galleries of the Grand Palais in Paris, opening in October.
"He's widely considered one of the greatest early modern American artists. His oils are very rare on the market" since most are in major museum collections, said Elizabeth Sterling, Christie's head of American Art. "It's one of the most important American modern pictures to come on the auction market in the past decade."
Hopper's "Hotel Window" currently holds the record for the artist. It sold for $26.8 million in 2006 at Sotheby's.
Christie's noted that painting had a pre-sale estimate of $10 million to $15 million.
She said "October on Cape Cod" had "tremendous potential" to go over the estimate given that Hopper was not very prolific in oil medium and created one or two works in oil and watercolor a year," said Sterling. "The auction market for American modernism is quite strong."
It is being sold by a private American collector who has owned it for more than a decade.
"It's dated 1946 and the 40s are widely considered his most successful decade. Also it's a desirable subject," added Sterling.
Hopper had a home and studio on Cape Cod and he spent most of his summers on there after 1930. He died in 1967.
The large-scale painting shows a house and small barn from across a road as it might be observed from a passing vehicle. Hopper drove all over the Massachusetts peninsula, frequently drawing and painting from inside his car. It captures the stillness and solitude of Cape Cod out of season.
His paintings are permeated by a sense of isolation and have characteristics of a suspended narrative," which you definitely see in this picture," said Sterling.
There’s revolution in the air, but one lady’s not for turningTV
Robin Thicke admits he didn't write 'Blurred Lines'music
Arts & Ents blogs
- 1 All Blacks Aaron Cruden misses New Zealand flight after drinking session, has brilliant excuse
- 2 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 3 'F*ck it, I quit': TV reporter Charlo Greene quits live on air in spectacular fashion
- 4 Alicia Keys leaks nude photo 'to create a kinder and more peaceful world'
- 5 Clothes store Joy angers mental health campaigners with Twitter exchange on bipolar disorders
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God