Christie’s will offer part 2 of the collection of former Univision CEO Jerry Perenchio this fall in an auction series featuring furniture and decorative arts that once graced his Los Angeles estate known as Chartwell. .
Perenchio, who died in May 2017 at the age of 86, was known as a great collector of art and wine, as well as a philanthropist. Similar to previous auctions of the Media Titan’s vast collections, proceeds from upcoming auctions will fund the Perenchio Foundation, which supports the visual and performing arts in Los Angeles County.
Christie’s sold 44 pieces of Perenchio’s finest Impressionist and modern works in several auctions in November 2018, while Sotheby’s sold its valuable collection of wines in two spring auctions earlier that year.
After moving to Chartwell, a 25,000 square foot facility French neoclassical style mansion, in 1986, Perrenchio began working closely with the famous French interior designer Henri Samuel for five years to select furniture and decorative arts that matched the sensibility of the house and worked with his extensive collection of impressionist and modern art (much of which was donated to the Los Angeles Museum of Contemporary Art in 2014).
Upcoming sales will offer “a top-down exploration” of how Perrenchio lived in this house, says Christie’s Gemma Sudlow, Head of Private and Iconic Collections.
The items on offer will largely be sold through two thematic online auctions in addition to five pieces that Sudlow describes as “particularly rare” which will be featured in Christie’s October Decorative Arts Live Sale during its “week. classic ”. Among these pieces is a Chinese imperial carpet from the Ming Dynasty, estimated between $ 800,000 and $ 1.2 million.
The first online sale, “Chartwell: An Henri Samuel Commission”, will run from September 1 to 16, showcasing the main content of the mansion, including furniture, lighting and decorative arts from the Renaissance to Louis XV periods. I, as well as modern pieces by Samuel.
Items include French Regency Louis XV and Louis XVI furniture, a pair of side tables by Marco de Gueltzl (US $ 3,000-5,000), Chinese porcelain mounted on gilded bronze, and a pair of early Chinese furniture. from the 19th century. cloisonne enamel censers (US $ 30,000 to $ 50,000). Fine arts are also present, notably prints by Henri Toulouse-Lautrec and photographs by Man Ray.
The second sale, “A California Life,” online September 1–17, will feature more lifestyle items, including upholstery, lighting and items from the Chartwell pool house, which Sudlow says was as “spectacular” as the main house. .
Items in this sale range from a Louis XV style painted white bench covered with a chintz upholstery fabric provided by Henri Samuel (estimated between US $ 500 and US $ 800) and a pair of signed boxing gloves by Muhammad Ali (estimated between US $ 1,500 and US $ 2,000). Perenchio promoted the 1971 fight between Ali and Joe Frazier.
In total, Christie’s will sell over 400 lots with estimates ranging from US $ 500 to US $ 100,000. The estimated total of all coins for sale, including those offered in the direct sale, exceeds $ 4 million, Sudlow said.
The decision to hold the bulk of the auctions online had less to do with the coronavirus pandemic – which has driven many auctions into the virtual world – than with a growing awareness by Christie’s that collectors are attracted to the digital format. Most of the private and iconic collections that Christie’s has brought to the market since she offered the Elizabeth Taylor collection in 2011 have an online component, Sudlow said.
In each case, online sales have gone “very well,” she says. “What the market is telling us is that there is a thirst out there for exactly that kind of material to sell in exactly that way.” Regarding the Perenchio collection, Christie’s indicated that an online auction would “maximize their return,” she said, noting that the digital space offers an opportunity to expand the reach of the sale.
“We expect properties like this on the market to generate a huge buzz in the market,” Sudlow said.
Samuel, the designer, was 80 years old when he started working with Perenchio, after a long career with many personalities.
Several of these partnerships will be on display at Christie’s this fall, as the auction house is also offering the collections of patron and philanthropist Jayne Wrightsman in live and online auctions in mid-October and from the former CEO. of Salomon Brothers John Gutfreund and his wife Susan on sale live and online in mid-December. Christie’s also offers Prince Sadruddin Aga Khan’s collection in Paris for sale live and online in early October.
“It’s quite extraordinary that there is this wonderful common thread that runs throughout the season,” said Sudlow.