Sotheby s to Offer Property from the Celebrated Collection of Lolo Sarnoff

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1 New York Darrell Rocha Dan Abernethy Sotheby s to Offer Property from the Celebrated Collection of Lolo Sarnoff TO BE AUCTIONED ACROSS A SERIES OF SALES IN SPRING 2015 Featuring Impressionist & Modern Art, Chinese Works of Art and Important Porcelain NEW YORK, 21 April 2015 Sotheby s is honored to announce that it will present Property from the Collection of Lolo Sarnoff across several sales in New York and London throughout the spring of The selection of work on offer spanning Impressionist & Modern Art, Chinese Works of Art and important French Faience porcelain follows Sotheby s legendary six-day, 700 lot auction in 1978 of the collection of Lolo Sarnoff s stepfather, Robert von Hirsch. Warren Weitman, Chairman of Sotheby s Americas, commented: It is a great privilege for Sotheby s to present works from this extraordinary collection. Lolo Sarnoff had an exceptional eye and keen intelligence, qualities that are Pablo Picasso Le Hibou noir 1952 Estimate $800,000 / 1.2 million

2 evident throughout the collection. The refinement and sophistication of her step-father, celebrated art collector Robert von Hirsch, can be seen in the salon-style display of paintings and works on paper throughout her home. Nearly every important movement of Impressionist and Modern art is represented, in addition to a remarkable assemblage of German, Dutch, and French Faience animals, birds and trompe l oeil wares, the core of which was acquired by her maternal grandfather Louis Koch. The collection also includes fine Chinese jades and snuff bottles believed to have been collected by her father, Willy Dreyfus. We look forward to introducing a new generation of collectors to the taste and connoisseurship of this extraordinary family. LOLO SARNOFF A LEGACY OF COLLECTING The Koch/Dreyfus family, circa 1925 Lolo Sarnoff and her family had a remarkable and distinguished heritage of collecting. Her maternal grandfather, Louis Koch ( ) co-founded the House of Koch and was appointed jeweler to the Court of Frankfurt in Louis Koch s daughter, Martha ( ) married banker and art collector Willy Dreyfus ( ). Their daughter Lolo was born in 1916 in Frankfurt where she spent the first two decades of her life. In 1936, Martha moved to Switzerland and later remarried Robert von Hirsch, a friend from her youth in Frankfurt. Upon his death in 1977, von Hirsch left an extraordinary collection of Impressionist & Modern Art, Old Master Paintings, Medieval and Renaissance Works of Art, Furniture and Porcelain. Lolo, together with her brother, Richard Dreyfus, fulfilled their father s wish to circulate his art on the market by consigning the collection for auction at Sotheby s London in June of The white-glove sale series (100% sold-by-lot) consisted of 700 lots and lasted six days. A record total of $32 million was achieved including 53 world auction records. Lolo acquired works from this historic sale and received many others by bequest from the von Hirsch estate, the majority of which Lolo Sarnoff in her studio, 2005 Photograph 2005 Katherine Lambert 2

3 remained in her home in Maryland until her passing last year. An accomplished sculptress in her own right, Lolo exhibited internationally since 1969, and a number of her pieces appear in private and public collections around the world. Lolo was not only an artist and collector, but also a dedicated philanthropist. Arts for the Aging (AFTA), an organization to help people with dementia lead fuller lives through art, was the natural evolution of her passions for art, science and philanthropy. HIGHLIGHTS FROM THE SARNOFF COLLECTION IMPRESSIONIST & MODERN ART MAY 2015 Sotheby s Evening Sale of Impressionist & Modern Art on 5 May will feature works from the Sarnoff Collection including two sculptures by Pablo Picasso. Le Chat is among the most idiosyncratic and arresting sculptures executed by the artist during the final years of World War II the life-sized sculpture is fiercely animated and poised to leap (left, est. $2/3 million). Le Hibou noir appeared in the von Hirsch sale and was acquired by Lolo Sarnoff in Additional property from the von Hirsch Collection on offer in May will include works by Paul Cezanne and Pierre-August Renoir. The Day Sale on 6 May will feature a comprehensive offering of additional artwork from the collection spanning from the late- 19th through to the mid-20th centuries, and representing primarily French and German movements. Highlights include: Pierre-Auguste Renoir s La Danse, Étude pour le Moulin de la Galette from 1876 (est. $700/900,000); Georges Braque s Légumier from 1924 (est. $100/150,000); and Marc Chagall s Bouquet avec les amoureux from 1949 (right, est. $350/450,000). 3

4 ASIA WEEK MARCH 2015 The first offerings from the collection have already been enthusiastically received by collectors. On 17 March during the Asia Week series of sales the Da Guan Tang Bao: An Important Imperial Jade Seal, Qing Dynasty, Qianlong Period soared over the high estimate of $1.5 million to sell for $4,450,000 anchoring the highly successful Inscriptions: History as Art sale. The seal was one of approximately 1,800 the Qianlong Emperor had made for himself from various materials, but is distinguished by its artistic and historical connections to the Emperor s southern tours. Other Sarnoff Collection highlights included A Celadon Jade 'Three Rams' Carving, Qing Dynasty, 18th century, which also soared over to the high estimate to sell for $322,000. UPCOMING AUCTION CALENDAR Property from the Collection of Lolo Sarnoff will appear in the following Sotheby s auctions this spring: Prints New York, 1 May 2015 Impressionist & Modern Art Evening Sale New York, 5 May 2015 Impressionist & Modern Art Day Sale New York, 6 May 2015 Impressionist & Modern Art New York, 27 May 2015 Old Master Paintings New York, 4 June 2015 Fine Books & Manuscripts New York, 12 June 2015 Old Master Drawings London, 8 July

5 FOR MORE NEWS FROM SOTHEBY S News & Video: Twitter: Instagram: Facebook: Weibo: WeChat: WeChat (ID: sothebyshongkong) Sotheby s has been uniting collectors with world-class works of art since Sotheby s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby s presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby s BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby s offers collectors the resources of Sotheby s Financial Services, the world s only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S 2, the gallery arm of Sotheby's Contemporary Art department, and two retail businesses, Sotheby s Diamonds and Sotheby s Wine. Sotheby s has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID). *Estimates do not include buyer s premium and prices achieved include the hammer price plus buyer s premium. Images are available upon request All catalogues are available online at or through Sotheby s Catalogue ipad App. # # # 5