The Museum of Modern Art will sell a Hans Hofmann painting from its collection at Christie’s spring Post-War and Contemporary Evening Sale on May 8. The piece, Kaleidos, is a classic New York School work from 1958 featuring large blocks of color seemingly stacked on each other. It is estimated to sell for between $2 million and $3 million.
As is the case with any deaccessioning at the museum, any profit raised from the sale will go into MoMA’s acquisitions fund. MoMA currently owns five paintings by Hofmann, along with three drawings and one print.
“The market for Hofmann is strong and we’re excited to have the work now,” Christie’s Contemporary Evening Sale Specialist Koji Inoue told Gallerist in an e-mail. You can view the entry for the lot on Christie’s website here. The sale will also feature another deaccessioned work, from the Akron Art Museum—an edition of Cindy Sherman’s Untitled #96, the photograph that momentarily became the most expensive photograph ever sold at auction last spring. That lot is available at Christie’s website here.