“When you have what the people want, word gets out,” said Rico Baca, auctioneer and co-owner of Palm Beach Modern Auctions (PBMA), commenting on the company’s $1.8 million auction of modern and contemporary art, Picasso pottery and unique Studio 54 photos from a famous photographer’s estate.
Many different types of collectors were attracted to the sale, which was held February 4-5, 2017 at the company’s West Palm Beach venue. “With each successive auction, we attract new buyers of modern and contemporary art; and we always have a great turnout from our loyal following of modern furniture collectors,” Baca said. “But this time around there were two specialty categories that made headlines everywhere – Picasso pottery, and Studio 54 photos from the estate of photographer Richard P. Manning, known in the disco days as ‘RPM.’ We had a 100% sell-through rate on both the pottery and the photos, and an excellent overall sell-through rate of 85%.” All seven PBMA phone lines buzzed with bidder activity, Baca said, while online-bidding platforms delivered approximately 2,000 bidders per session from all over the world.
Major feature articles about the Studio 54 photos appeared in Britain’s Daily Mail and Sunday Mirror newspapers, with additional coverage in the New York Post and other U.S. daily newspapers from coast to coast. Celebrities depicted in Manning’s silver gelatin prints included Andy Warhol, Michael Jackson, Brooke Shields, Diana Ross, Mick Jagger, Roger Daltrey, Rod and (then-wife) Alana Stewart, Jerry Hall, John Travolta, Sylvester Stallone, Truman Capote and many others. A candid portrait of a young, smartly dressed David Bowie leaning back and taking in the surroundings sold for $3,175; while an artistic shot of a free-spirited couple on the dance floor made $4,763. All prices quoted are inclusive of 27% buyer’s premium.
There was intense global interest in the eight pieces of Picasso pottery entered in the sale. Among those vying for the desirable ceramics were representatives from two different museums in France. The lot garnering the greatest presale interest was a bird-form vessel known as “Pichet Anse Prise (Pitcher with Seized Handle).” The actual artist’s proof for a small 1953 edition of 200, it was originally held in the private collection of Picasso’s close friends Georges and Suzanne Ramie, owners of the Madoura studio where Picasso pottery was made. It sold for $24,130, a world auction record for the form.
The top lot of the sale was a sculpture by Harry Bertoia (American, 1915-1978) titled Sonambient. Made of beryllium copper and brass, and accompanied by a COA from the artist’s son, Val Bertoia, it settled near the top of its estimate range at $58,420. Another notable metal sculpture was Angel Botello’s (Puerto Rican, 1914-1986) bronze titled Girl Dancing, which sold for $35,560.
A signed Keith Haring (American, 1958-1990) artist’s proof titled Three Lithographs: One Plate had been donated by the artist in 1986 to Brother, Help Thyself, a Washington, DC nonprofit, for inclusion in an AIDS benefit auction. A quintessential Haring image, the artwork sold at PBMA within estimate, for $50,800.
Also among the February sale’s numerous art highlights were: a Roy Lichtenstein (American, 1923-1997) MERMAID lithograph from a signed edition, $10,795; a Joan Miro (Spanish, 1893-1983) The Drunken Horse lithograph, also from a signed edition, $8,890; an Asger Jorn (Danish, 1914-1973) original painting, $21,590; and a Nicola Simbari (Italian, 1927-2012) original painting on canvas, $13,970.
The furniture section was led by a Philip & Kelvin LaVerne acid-etched and patinated bronze-over-pewter dining/game table, signed and retaining a “Philip Laverne Collection Co.” label. Estimated at $10,000-$15,000, it was bid to $24,130. Six dining chairs in the manner of Jean Royere swept past their $3,000-$5,000 estimate to close at $12,065.
PBMA co-owners Rico Baca and Wade Terwilliger made sure the auction’s mood was light and festive throughout – which wasn’t hard to do with a theme like “Studio 54 Revisited.” Guests were greeted by entertainers impersonating Diana Ross, who sang on an outdoor stage; and Divine, who handed out disco-ball necklaces as souvenirs. During the auction, Divine drew the names of two door-prize winners, each of whom received a Richard Manning print. Guests enjoyed a delicious catered lunch, snacks and drinks, all under the watchful gaze of a suspended Man in the Moon that was an actual prop from the fabled New York City nightclub.
PBMA will conduct a Modern Art, Design & Luxury Auction in April. To discuss consigning to the sale, call (561) 586-5500 or email info@modernauctions.com. View the fully illustrated catalog for the February 4-5, 2017 auction online, complete with prices realized, at LiveAuctioneers.com.
