21 November 2024

LIFESTYLE·ART AUCTION: Rene Magritte Surreal Painting ‘Empire of Light’ Nets Auction Record of $121 Million at Christie’s in New York

The painting -- depicting a house at night, illuminated by a lamp post, while under a bright, blue sky -- is one of a series of 17 paintings by the Belgian artist showing the interplay of shadow and light.



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Rene Magritte painting ‘Empire of Light’ nets auction record of $121 million at Christie’s in New York

November 20, 2024 at 3:13 AM PST
A painting by Rene Magritte shattered an auction record for the surrealist artist, selling for more than $121 million at Christie's in New York© kena betancur

Apainting 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.
Magritte's 'Empire of Light' Painting Sells for $42.3 Million - WSJ
  • 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. 

Iconic Ed Ruscha painting of Texas gas station to be auctioned


Magritte's US$78.4 million surrealist masterpiece sets new auction record |  Auctions News | THE VALUE | Art News
RENE MAGRITTE'S L'EMPIRE DES LUMIÈRES TO HIGHLIGHT 20TH CENTURY EVENING  SALE - Christie's

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