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is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. A René Magritte painting depicting an eerily lit streetscape sold for more than $121 million at a Christie’s auction in New York on Tuesday –– surpassing its$95 million estimateand smashing the auction record for the Surrealist artist’s work.

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Free break-even services with personalized investment plans. Quickly recover from losses, avoid risks, and achieve steady growth with expert stock predictions and real-time market updates. As one of the largest paintings in a succession of 27 works all titled “L’empire des lumières” (“The Empire of Light”), the 1954 canvas is well known among 20th century art experts for its scale, pristine condition and subtle details.

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. The auction house described the artwork as the“crown jewel”of its former owner, the late American interior designer Mica Ertegun’s, collection –– part of which went on sale Tuesday. The auction also featured paintings by other modern giants like Ed Ruscha and Max Ernst.

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. The artwork depicts a house with a single streetlamp in front. The flame from the lamp lights up the entire canvas, including the dark trees –– almost black in color –– in the foreground, while the image is serenely reflected over a pool of water. Above the streetscape, a light blue sky dotted with puffy white clouds stretches to the top of the canvas.

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. The painting has been praised for its unique ability to juxtapose a nocturnal landscape and daylight –– a surrealist motif that Magritte explored in his landscape paintings for almost two decades.

“The motif is one of the few truly iconic images in 20th century art and the painting, particularly the sky and flickering light in the foreground,” said Max Carter, Christie’s Vice Chairman of 20th to 21st Century Art, in an email to 【 - Free Smart Money Group 】 prior to the sale, adding that the work has an “extraordinary glow in person.”

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. The selling price, which smashed estimates, marks a bright spot amid a slowdown in global art sales and an art marketmarred by economic uncertainties.

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. Two other Magritte works were included in the sale: The paintings “La cour d’amour” and “La Mémoire,” which sold for $10.53 million and $3.68 million, respectively. Elsewhere, a still life by 87-year-old British artist David Hockney fetched over $19 million.

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. According to Art Basel and UBS’s 2024 Survey of Global Collecting, public auction sales at Christie’s totaled $2.1 billion in the first half of this year –– down 22% the same period last year –– marking the second consecutive year of declining first-half sales.

Christie’s however saw some uplifts in 2024, including in its sale of Asian art as well as total online sales, which recorded a 3% year-on-year increase in global share of bids since 2023.

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. A recent 20th and 21st century art sale in Hong Kong saw works by Claude Monet and Vincent van Gogh fetching pricesclose to and below estimates–– a sign that buyers are still cautious.

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. Though perhaps best known for his surrealist depictions of bowler hat-wearing men, Magritte spent a period of 15 years exploring the fleeting transition from day to night in landscape painting. He produced a total of 17 oil paintings and 10 gouaches (water-based paintings) that all share the name “L’empire des lumières” –– and each with small alternations between versions.

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. The paradoxical paintings rose in demand, particularly when a large version created in 1954 was featured in the Belgian Pavilion at the Venice Biennale and was sold to famedcollector Peggy Guggenheim. Magritte went on to create three similarly large canvases — including the one that sold Tuesday — that same year so as not to disappoint other collectors.

is heg limited (heg) worth holding long term ✌️【Market Analysis】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. When asked about the comparatively subtle surrealism of the “L’empire des Lumières” works, Sandra Zalman, an art history associate professor at the University of Houston, argued that the lamppost was an early iteration of the iconic bowler-hat man.

“The lamppost’s shadow alludes to the bowler-hatted man, hovering — or haunting — the space that would otherwise be considered a quiet, though eerie, landscape,” she said, in an email.

Zalman added that the timing of the sale is also fitting –– not just because it coincides with thecentennial of the surrealism movement, but that it’s taking place during a “surreal moment in history to be living through.”

“I would also argue that the surrealists’ own time was equally anxiety-ridden,” Zalman said. “There are almost too many parallels.”

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