Sotheby's auction house will present for this coming season a collection of both Modern and Impressionist works in New York and London. All art pieces come from the collection of the Israel National Museum, in Jerusalem. They include paintings by René Magritte, Chaim Soutine, Camille Pissarro, Pablo Picasso and Georges Braque to be integrated in the fall and winter sales fall for the American auction house.
A late painting by Magritte, called “Le Droit Chemin”, dated 1966 and estimated between 2.5 and $ 3.5 million, represents this set’s major prize. The total amount of the sale is expected to generate $ 17 million for the museum in Israel. A renovation project lasting for three years was completed in 2010. The objective of the Israeli Museum, as stated by director James Snyder, is clearly to get rid of redundant works to be able to finance future acquisitions.