<Bidding frenzy in Monaco as Fernand Léger painting sells for over €680,000 — Art News
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Bidding frenzy in Monaco as Fernand Léger painting sells for over €680,000

A Fernand Léger painting sold for over €680,000 at Hôtel des Ventes de Monte-Carlo on February 4, 2026, leading a modern and contemporary art auction in Monaco. The work, previously exhibited at London’s Tate Gallery in 1963 and held in a single family collection, depicts contrasting objects against a blue background. Other strong results included a Constantin Brancusi portrait of James Joyce that reached €95,000 (far above its €15,000–€20,000 estimate), and sculptures by Jean-Michel Folon (€70,000), Niki de Saint Phalle (€76,000), and Robert Indiana (€140,000).

The auction confirms sustained demand for 20th-century masters, with multiple lots exceeding expectations. The Léger sale underscores the enduring market strength for modernist works, while the Brancusi portrait's fierce bidding battle highlights collector appetite for iconic literary figures rendered by major artists. These results offer a positive signal for the broader art market as it enters 2026.