Manet self portrait fetches $33 million

Edouard Manet’s “Self Portrait with a Palette” sold last week at auction for more than $33 million, a record for the Impressionist artist.

The painting was bought by New York dealer Franck Giraud, who was bidding at the Sotheby’s sale in London.

The Manet was among 51 lots in Sotheby’s sale of Impressionist and modern works. Three lots sold for more than $15 million including the 1878 Manet, one of only two self-portraits he painted, according to The Telegraph.

“It shows the artist dressed as a Parisian dandy, rather than as a working artist,” according to the publication. “It was created at a time when Manet was enjoying unprecedented critical acclaim.”

The previous highest price paid for the French artist was $26.4 million for the 1878 street scene “La rue Mosnier aux drapeaux” at Christie’s in New York in 1989.

Manet, who died in 1883, was a pivotal figure in the transition from Realism to Impressionism.

The work, part of a collection from Steven A Cohen, a high-profile art collector and hedge fund manager, had been estimated to fetch between $30 million and $45 million.

Among the other items was “Arbres a Collioure” by Andre Derain, which sold for $24.5 million to an anonymous telephone bidder, according to Sotheby’s.

The previous auction record for Derain was for “Barques au port de Collioure,” which sold for $13 million last November at Sotheby’s in New York.

Henri Matisse’s “Odalisques jouant aux dames” sold for more than $16.5 million. He painted it in Nice, France, in 1928 during what experts say was his most accomplished period as a colorist.

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