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Sotheby's forthcoming London Impressionist & Modern Art Evening Sale on 3rd February 2015 will be led by an exceptionally rare and important view of Venice by Claude Monet, "Le Grand Canal" of 1908, estimated at £20-30 million /$30.6 -45.9m / €25.6-38.3m.

Helena Newman, Sotheby’s Co-Head, Impressionist & Modern Art Worldwide, said: “The market for works by Claude Monet has now reached an all-time point of strength, with bidders coming from four times as many countries as a decade ago."

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Sotheby’s continues to build aggressively on its strength in the Impressionist and Modern market announcing today Matisse’s "Odalisque au fauteuil noir," estimated at between £9 and 12m, for its London sale of Impressionist and Modern art. Helena Newman, Sotheby’s Co-Head, Impressionist & Modern Art Worldwide, said, “This exquisitely colored painting is one of the finest of the artist’s celebrated ‘Odalisque’ paintings to come to the market.”

An exquisite portrait depicting Princess Nézy-Hamidé Chawkat, the great granddaughter of the last Sultan of Turkey, "Odalisque au fauteuil noir" (dated 1942 and estimated at £9-12m) is one of Henri Matisse’s finest paintings from his famed ‘Odalisque’ series, his depictions of the notorious concubine figure, with which he created one of the most recognizable emblems of eroticism in Modern art.

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Sotheby’s London today announces that the collection of Ralph C. Wilson, Jr., visionary founder of the Buffalo Bills NFL franchise, who died earlier this year, will lead Sotheby’s Evening Sale of Impressionist & Modern Art in London on 23 June 2014. The group of four works, highlighted by two exquisite paintings by Claude Monet that represent the pinnacle of the Impressionist movement, was assembled by Mr Wilson with a remarkable vision over two decades ago. American Football as it is known today would not exist if it weren’t for Mr Ralph Wilson, but while he was best known as the longtime owner of the Buffalo Bills, privately he was a passionate collector of the highest order. Seeking out the finest examples of key artists of the Impressionist era, Wilson pursued great works of art and in the 1990s acquired these four canvases by the towering figures of the period.

Helena Newman, Sotheby’s Co-Head, Impressionist & Modern Art Worldwide comments: “We have seen how much appetite there is for works of true museum quality so we anticipate that these two extremely desirable works by Monet will appeal to buyers across the world. Outstanding paintings by Monet are more desirable now than ever before and these two works, each from a pinnacle of the artist’s career in two different decades, are both wonderful examples of why Monet has such an enduring appeal.”

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Sotheby’s announced that it has named Alexander Rotter and Cheyenne Westphal the new Global Heads of Contemporary Art. Tobias Meyer, the auction house’s former Worldwide Head of Contemporary Art, stepped down at the end of November 2013. Rotter and Westphal have both been with Sotheby’s for many years -- Rotter was behind the recent sale of Andy Warhol’s ‘Silver Car Crash,’ which brought a record $104 million, and Westphal helped launch Sotheby’s new contemporary art galleries in London.

Helena Newman and Simon Shaw will helm the auction house’s department of Impressionist and Modern Art. Newman, who joined Sotheby’s in 1988, was instrumental in the February 2010 auction that netted $263.6 million, a record for a European sale. Shaw, who has worked at Sotheby’s outposts in Stockholm, Paris and London, orchestrated the 2012 sale of Edvard Munch’s ‘The Scream,’ which sold for an historic price of $119.9 million, a record for a modern work of art at auction.

Daniel Loeb, a hedge fund manager who is Sotheby’s largest shareholder, recently commented on the auction house’s need to establish new leadership and more efficient operations.

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The Evening Sale of Impressionist & Modern Art that took place at Sotheby’s London on June 19, 2013 garnered $165.9 million, surpassing its high estimate of $164.3 million. The auction, which featured 71 works, sold 81.7% by lot and bidders hailed from 33 countries around the world.

The sale’s top lot was Claude Monet’s (1840-1926) painting of Venice, Le Palais Contarini (1908), which sold for $30.8 million after a three-way bidding battle. Other highlights included a Piet Mondrian (1872-1944) painting in the artist’s quintessential palette titled Red, Yellow and Blue (1927), which was scooped up by a telephone bidder for $14.5 million and Wassily Kandinsky’s (1866-1944) Bauhaus-era work on paper Ineinander (1928). A number of Surrealist works fared well at the sale including Max Ernst’s (1891-1976) La Horde (1927), which sold to New York’s Acquavella Galleries for $3.2 million and René Magritte’s (1898-1967) L’Idee, which features one of the artist’s well-known floating green apples and brought $7.1 million.

Helena Newman, Chairman of Sotheby’s Impressionist & Modern Art Department in Europe, said, “There was an extraordinary dynamic at play in the sale room. Established collectors – drawn out by the quality of the estate collections presented in the sale – competed with many of the new contender’s in today’s market. Record levels of participation were driven by a truly global audience.”

The evening auctions continue at Christie’s London on June 25, 2013 with its Post-War and Contemporary Art sale.

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