Anyone with even an inkling of an interest in art will likely be intrigued to hear that it was announced today that an original coloured crayon drawing on paper by one of the greatest artists of all time, Pablo Picasso, will be going on auction right here in Cape Town on 7 June 2016.
The work to be auctioned by Stephan Welz and Co is titled Au Cirque and is a 1954 piece estimated to be worth between R3 and R3.5 million. It depicts circus performers of the Renaissance and was apparently inspired by the work of both Diego Velázquez and Rembrandt.
In 2015, a Picasso work broke the record for the highest bid ever placed on an artwork at $179.4 million, so this auction on local soil is guaranteed to be an exciting one. As auctioneer Anton Welz says, ‘Picasso’s works on paper have great allure to collectors’; he expects the auction to attract both local and international interest (especially considering the incredibly favourable rand-to-dollar exchange rate at the moment).
If you’re not quite ready to bid on famous artwork, you still have an opportunity to see the drawing in person. It will be available for a pre-auction viewing from 26 to 28 May in Johannesburg at Nelson Mandela Square and from 1 to 5 June in Cape Town at The Great Cellar, Alphen Estate, Constantia.
The auction will take place at The Great Cellar at Alphen Estate in Constantia. If you would like to join in on the bidding but won’t be in Cape Town, you can bid online via the-saleroom.com or invaluable.com.