Property of a distinguished private collector
René Magritte (1898-1967)

La découverte du feu

Price realised USD 1,590,000
Estimate
USD 1,000,000 – USD 1,500,000
Closed: 6 Oct 2020
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René Magritte (1898-1967)

La découverte du feu

Price realised USD 1,590,000
Closed: 6 Oct 2020
Price realised USD 1,590,000
Closed: 6 Oct 2020
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Details
René Magritte (1898-1967)
La découverte du feu
signed ‘magritte’ (lower right)
gouache and watercolor on paper
9 7/8 x 7 5/8 in. (25 x 19.5 cm.)
Painted in 1959.
Provenance
Barnet and Eleanor Cramer Hodes, Chicago (commissioned from the artist, July 1959, and until at least 1993).
Anon. sale, Maître Marc-Arthur Kohn, Cannes, 8 August 2009, lot 558.
Acquired at the above sale by the present owner.
Literature
Letter from B. Hodes to R. Magritte, 1 July 1959.
Letter from R. Magritte to B. Hodes, 3 July 1959 (erroneously dated 3 June 1959).
D. Sylvester, ed., René Magritte: Catalogue Raisonné, Gouaches, Temperas, Watercolours and Papiers Collés, 1918-1967, London, 1994, vol. IV, p. 216, no. 1460 (illustrated).
Exhibited
The Art Institute of Chicago, Magritte, March-May 1993, no. 50.
Andros, Museum of Contemporary Art, Basil & Elise Goulandris Foundation, Approaching Surrealism, June-September 2012.
San Francisco Museum of Modern Art, René Magritte, The Fifth Season, May-October 2018, p. 150 (illustrated in color, p. 123, pl. 48).
Special notice
On occasion, Christie's has a direct financial interest in the outcome of the sale of certain lots consigned for sale. This will usually be where it has guaranteed to the Seller that whatever the outcome of the auction, the Seller will receive a minimum sale price for the work. This is known as a minimum price guarantee. Where Christie's has provided a Minimum Price Guarantee it is at risk of making a loss, which can be significant, if the lot fails to sell. Christie's therefore sometimes chooses to share that risk with a third party. In such cases the third party agrees prior to the auction to place an irrevocable written bid on the lot. The third party is therefore committed to bidding on the lot and, even if there are no other bids, buying the lot at the level of the written bid unless there are any higher bids. In doing so, the third party takes on all or part of the risk of the lot not being sold. If the lot is not sold, the third party may incur a loss. The third party will be remunerated in exchange for accepting this risk based on a fixed fee if the third party is the successful bidder or on the final hammer price in the event that the third party is not the successful bidder. The third party may also bid for the lot above the written bid. Where it does so, and is the successful bidder, the fixed fee for taking on the guarantee risk may be netted against the final purchase price.

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