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Saint Laurent art goes to auction Record bids for YSL private art
(about 2 hours later)
The biggest ever sale of privately owned art will begin later, when Yves Saint Laurent's collection and that of his former partner go under the hammer. Bids for Yves Saint Laurent's private art collection have reached a record 206 million euros (£181m), officials at Christie's auction in Paris say.
Over three days in Paris, the work the late fashion designer and Pierre Berge amassed over half a century is expected to fetch up to 300m euros (£260m). The bids were made on the opening day of the three-day auction of the collection of the late French couturier and his former partner Pierre Berge.
Meanwhile, a Paris court rejected China's bid to stop the sale of two 18th-Century bronze statues. Auctioneers earlier predicted that the work amassed over half a century could fetch up to 300m euros (£260).
A major Henri Matisse work was sold for a record 32m euros (£28m) on Monday.
"Cuckoos on a blue and pink carpet" smashed the previous record for a similar work by the French painter set in 2007.
Earlier on Monday, a Paris court rejected China's bid to stop the sale of two 18th-Century bronze statues.
Beijing had said they were looted 150 years ago and should be in a museum.Beijing had said they were looted 150 years ago and should be in a museum.
Meanwhile, Mr Berge has said China would have to greatly improve its attitude towards human rights before he would consider handing them over. Over the weekend, art lovers and investors queued for hours outside the Grand Palais for their only chance to see the collection of 733 items, from paintings by Picasso to ancient Egyptian sculptures, the BBC's Alasdair Sandford in Paris says.
Over the weekend, art lovers and investors queued for hours outside the Grand Palais for their only chance to see the collection of 733 items, from paintings by Picasso to ancient Egyptian sculptures. Along the Champs Elysees, American and Chinese tourists rubbed shoulders with day-trippers from outside the capital, our correspondent says.
Along the Champs Elysees, American and Chinese tourists rubbed shoulders with day-trippers from outside the capital.
Potential buyers were spared the long wait, ushered in discreetly through a side door.Potential buyers were spared the long wait, ushered in discreetly through a side door.
'Best of its type''Best of its type'
Inside, the display has been set up to resemble a grand apartment that could have belonged to Saint Laurent or Mr Berge.Inside, the display has been set up to resemble a grand apartment that could have belonged to Saint Laurent or Mr Berge.
The entire collection is expected to fetch up to 300m euros (£260m)The entire collection is expected to fetch up to 300m euros (£260m)
Visitors ambled from the entrance hall to a large drawing room via music room and library, taking in oil paintings by Matisse and Mondrian, old masters by Gericault and Goya, art deco tables and bronze statues.Visitors ambled from the entrance hall to a large drawing room via music room and library, taking in oil paintings by Matisse and Mondrian, old masters by Gericault and Goya, art deco tables and bronze statues.
Even Saint Laurent's bed is going on sale.Even Saint Laurent's bed is going on sale.
The item that is expected to fetch the highest price, however, is Picasso's cubist work, Instruments de Musique sur un Gueridon (Musical Instruments on a Table), whose value is estimated at up to 30m euros (£26.8m).The item that is expected to fetch the highest price, however, is Picasso's cubist work, Instruments de Musique sur un Gueridon (Musical Instruments on a Table), whose value is estimated at up to 30m euros (£26.8m).
The exhibition is one of the largest events that the auction house, Christie's, has organised, with seating for more than 1,000 buyers, 100 telephone lines, and eight auctioneers working in shifts. The exhibition is one of the largest events that the Christie's has organised, with seating for more than 1,000 buyers, 100 telephone lines, and eight auctioneers working in shifts.
"Every single area of the collection has got the best of its type," said Jonathan Rendell, vice-president of Christie's America."Every single area of the collection has got the best of its type," said Jonathan Rendell, vice-president of Christie's America.
Depressed art marketDepressed art market
Ahead of the sale, some of the finest works were taken on tour to potential buyers in Brussels, London and New York.Ahead of the sale, some of the finest works were taken on tour to potential buyers in Brussels, London and New York.
China has launched a legal bid to stop the sale of two bronze statues China tries to stop Paris auctionIn pictures: YSL art auctionChina has launched a legal bid to stop the sale of two bronze statues China tries to stop Paris auctionIn pictures: YSL art auction
Experts hope the sale will give the depressed art market a much-needed boost.Experts hope the sale will give the depressed art market a much-needed boost.
A handful of record sales have masked a barren period in the auction world, with prices tumbling and works from some renowned artists failing to find buyers at all.A handful of record sales have masked a barren period in the auction world, with prices tumbling and works from some renowned artists failing to find buyers at all.
There was a hiccup for the auctioneers, when the arm of an ivory statue of Jupiter became detached from its shoulder as the item was being moved into place.There was a hiccup for the auctioneers, when the arm of an ivory statue of Jupiter became detached from its shoulder as the item was being moved into place.
Christie's said, however, that it would not be removed from sale as it was repairable.Christie's said, however, that it would not be removed from sale as it was repairable.
InspirationInspiration
Saint Laurent and Mr Berge began collecting art in the 1950s, at a time when the young designer was gaining a worldwide reputation with the fashion house Christian Dior.Saint Laurent and Mr Berge began collecting art in the 1950s, at a time when the young designer was gaining a worldwide reputation with the fashion house Christian Dior.
Mr Berge said the decision to sell had been taken before his partner's deathMr Berge said the decision to sell had been taken before his partner's death
He needed art "like water to survive", in the words of one dealer, and acknowledged that his creations were inspired by his passion for paintings.He needed art "like water to survive", in the words of one dealer, and acknowledged that his creations were inspired by his passion for paintings.
Yves Saint Laurent died of cancer aged 71 in June last year.Yves Saint Laurent died of cancer aged 71 in June last year.
Mr Berge said the decision to sell the collection was taken because without him, "it has lost the greater part of its significance".Mr Berge said the decision to sell the collection was taken because without him, "it has lost the greater part of its significance".
The proceeds are to help create a new foundation for Aids research.The proceeds are to help create a new foundation for Aids research.