World Auction Record Sales of Paintings by Greek Masters


Bonhams auction house reported record sales for the work of Greek masters Yiannis Tsarouchis, Yiannis Moralis, Nikos Engonopoulos and Alecos Fassianos during its Greek Sale in Paris on 24 Novenmber 2022 which was put together by Bonhams in London and its associates in Athens, Art Expertise.

Terpsichore Angelopoulou, director of Art Expertise in Athens, commented, "We're very happy with today's solid results that show Greek Art is consistently carving out a strong and growing niche among an increasing number of collectors from Greece and abroad. We expect this trend to continue in 2023".

La garde oubliée by Tsarouchis (1910-1989) one of the leading painters of the '30s set a new world record for a work by the artist at auction when it sold for €441,375.

Once in the collection of legendary gallerist Alexander Iolas, it encompassed the defining elements of the painter's universe, including the sailor – his signature subject and one of the most celebrated images of 20th century Greek art. It had been estimated at €80,000-120,000. Another work by Tsaruchis, Épicerie à Mytiline from 1965, sold for €189,375 against an estimate of €80,000-120,000. The sale, which consisted of 136 lots, made a total of €3,482,138.

Other highlights included:

• Épithalamique by Yiannis Moralis (1916-2009). Star of Moralis's 1972 one man show, the work was part of the artist's epithalamia series and echoed age-old memories of nuptial songs dedicated to the bride and sung on the way to her marriage chamber. Estimated at €300,000-400,000, it sold for €605,175. Another work from the series, Épithalamique/diptyque, sold for €151,575 (estimate: €60,000-80,000).

• Irô et Leandros by Nikos Engonopoulos (1907-1985). The story of Irô and Leandros (Hero and Leander in English) is found in folk tales and love lyrics across Europe and beyond. Drawn from the treasury of Greek mythology, this artistic vision faithfully reflects Engonopoulos's attitude towards painting as an ideal vehicle to probe into the world of Greekness. Sold for €252,375 (estimate: €60,000-80,000).

• La photo oubliée by Alecos Fassianos (1935-2022). Executed in 1975 during the artist's 'painterly' period, the work demonstrated the mastery of colour and the combination of control and freedom that secured his reputation both in his home country and internationally. Sold for €170,475 (estimate: €80,000-120,000). Le Cavalier blanc, painted in 1983 by the same artist sold for €63,375 (estimate: €50,000-70,000).

Bonhams Greek Art specialist, Anastasia Orfanidou, commented: "This was a very strong sale with many pieces far exceeding their estimates after fierce bidding battles in the saleroom, on the telephone and online. The icing on the cake was undoubtedly the world record price at auction for Tsarouchis' masterpiece La garde oubliée which encapsulated so many of the themes that made the work of this wonderful artist so distinctive."

The Greek Sale was as ever