Magritte, Master of Surrealism, Joins the $100 Million Dollar Club

The Belgian Surrealist painter René Magritte has become the latest member of that exclusive club of artists whose work has sold for more than $100 million at auction.

On Tuesday night at Christie’s in Manhattan, a version of Magritte’s famously enigmatic subject, “The Empire of Light,” depicting a deserted nocturnal street below a bright daytime sky, sold for $121.2 million with fees, a record for the artist, in a packed, dark gray-painted salesroom, moodily lit in a suitably Surrealist style.

Certain to sell for at least $95 million, courtesy of a guaranteed bid, the painting inspired a 10-minute duel between two telephone bidders. The price was the highest yet paid for a Surrealist work of art at auction, and made Magritte the 16th artist to break the $100 million threshold, according to data compiled by the French market analyst company Artprice.

Fellow nine-figure heavyweights include Leonardo da Vinci, Gustav Klimt, Amedeo Modigliani, Andy Warhol, Jean-Michel Basquiat, Francis Bacon and Pablo Picasso (whose paintings have sold for more than $100 million at no fewer than six auctions). To date, no living artist has achieved this price level at auction.

Painted in 1954 and measuring almost five-feet-high, “The Empire of Light” was the last of 19 works that Christie’s offered from the collection of the socialite, designer and philanthropist Mica Ertegun. It was one of the largest of the 17 versions of this subject that Magritte painted in oil. The best-known is probably the monumental “L’empire des lumières” in the Guggenheim Museum in Venice. Ertegun’s slightly smaller canvas, which she acquired privately in 1968, is the first in the series to include water in the foreground.

“It’s maybe the best,” said Paolo Vedovi, the director of a gallery in Brussels specializing in works by Magritte and other 20th-century artists. “It seems that every big collector now wants a Magritte.”