artnet Auctions: Special Sale of Modern Art January 28 - February 9

NEW YORK and BERLIN, January 28 - artnet Auctions offers continuous online auctions of Modern and
Contemporary art. From January 28 - February 9, artnet auctions will feature
a special sale of Modern Art by renowned artists including Edgar Degas, Henri
Matisse, and Pablo Picasso. This special online auction will include over 50
works of art by 40 of the most influential modern artists of the 19th-20th
centuries representing virtually every important Modern Art movement.

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Leading the sale is an exquisite bronze sculpture by Edgar Degas,
Danseuse regardant la plante de son pied droit, 1895/1988 (estimate:
US$275,000-US$375,000). Casts of this sculpture have seldom appeared at
auction. Also from the French School is Portrait of Mrs. Paley, 1936, by
Henri Matisse. This masterful ink on paper drawing was executed in
preparation for the portrait commissioned by CBS executive William Paley of
his wife (estimate: US$225,000-US$325,000).

Other highlights include works by groundbreaking Dadaist artists Marcel
Duchamp and Man Ray. Included in this section is Duchamp's La boite verte
(The Green Box), 1914/1934, a green velvet box containing 93 notes, drawings
and photos relating to the artist's seminal work, The Bride Stripped Bare by
Her Bachelors Even (The Large Glass). This highly sought after limited
edition is signed and numbered by the artist (estimate: US$55,000-US$75,000).

Also, in the tradition of the Surrealist movement are works by Joseph
Beuys, Joseph Cornell, and Kurt Seligmann. Untitled (Die Plastische Haut),
1957-1978, is a work of automatist poetry by Joseph Beuys in pencil on paper
(estimate: US$35,000-US$45,000). Also offered in this section is Blue Sand
Box, 1950, by Joseph Cornell constructed of blue colored sand and a metal
spring sealed in a glass box (estimate: US$200,000-US$300,000). This work is
a rare example from the artist's celebrated "time machines" series.

Early Abstract Expressionism is represented with two vibrant paintings by
John Grillo and Paul Jenkins. Grillo's Untitled, 1954 is a bold abstraction
with gestural brushwork characteristic of the New York School (estimate:
US$25,000-US$45,000), while Jenkins' brilliant Cherokee Strip, 1958 is a tour
de force of monumental scale (65 x 60 inches) (estimate:
US$185,000-US$285,000).

Mid-century Modern works reflect diverse styles from two Mondrian
inspired paintings by Charmion von Wiegand to Reginald Marsh's gritty social
realist painting, Outside Strokey's Bar, 1945 (estimate:
US$175,000-US$275,000). A prime example of the American Social Realist
movement, this work has never before been offered at auction.

Rounding out the sale are Late Modern works by Pablo Picasso, Ilya
Bolotowsky and Alexander Archipenko. La Pique, 1959, a linocut by Picasso, is
a complex composition with calligraphic gestures depicting one of the
artist's favorite subjects, the bullfight (estimate: US$45,000-US$55,000).
Three Yellows Vertical, 1970 by Russian-born artist Ilya Bolotowsky reflects
both the artist's Constructivist background and signature use of color
tonalities within geometric divisions (estimate: US$15,500-US$18,500).

We invite you to browse the sale. Visit www.artnet.com/Modern

About artnet:

artnet has been online since 1995 and is host to approximately 2,000,000
visitors each month. Through its Price Database of over four million auction
sales results and its Gallery Network of over 2,200 galleries worldwide,
artnet is the leading online resource for the international art market. With
the new Online Auctions, artnet has added a transaction platform to its
successful information services.

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Sarah Bradley +1-212-497-9700 ext. 197, sbradley at artnet.com