Update: Martial Raysse’s UNTITLED (EYES) sold for $50,000–ten times its low estimate.

What you see: UNTITLED (EYES), a 1963 mixed media collage by the French artist Martial Raysse. He inscribed it, “To Stanley Bard Avec l’amitié de Martial Raysse (To Stanley Bard, with the friendship of Martial Raysse).” Freeman’s estimates it at $5,000 to $8,000.

Who is Martial Raysse? In the 1960s Raysse cofounded the Nouveau Réalisme art movement with Yves Klein and Arman, two fellow residents of the Hotel Chelsea in Manhattan. His compatriots banished him from the group after he abandoned making art from consumer objects to paint on canvas instead. It’s unclear when he moved out of the Hotel Chelsea. Raysse set the auction record for the most expensive painting by a living French artist when his Last Year in Capri (Exotic Title) garnered $6.58 million at Christie’s London in 2011. He turned 81 in February.

Who is Stanley Bard? He managed the Hotel Chelsea for more than 40 years, enhancing and cementing its reputation as an artists’ sanctuary. He died in February at the age of 82. Freeman’s is selling almost 100 works from his personal collection–art that graced his own apartment rather than the walls of the hotel he ran.

What led Raysse to give Bard this work? We’re not sure what the circumstances were, but the two would have met at the Chelsea. “We didn’t know what it was at first,” says Alasdair Nichol, vice chairman at Freeman’s. “Nobody seemed to know. The writing was hard to make out. I loved it as an image even by an anonymous artist. When it turned out to be a Martial Raysse, it made it a more interesting proposition.”

What makes UNTITLED (EYES) so strong? “The bright red color, and the eyes,” Nichol says. “I love it. The moment you see it, it stays with you. It’s a pretty indelible image. It feels very much of its time as well, with the 1960s model eyelashes. The neon color reinforces it. It’s electric.”

How to bid: Martial Raysse’s UNTITLED (EYES) is lot 32 in the Stanley Bard Collection: Life at the Chelsea sale at Freeman’s on May 16.

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Text is copyright Sheila Gibson Stoodley. Image is courtesy of Freeman’s.

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