Carmen Herrera’s Blanco y Verde (1966–1967) sold for $2.9 million, with fees, at an all-women Sotheby’s auction to benefit the all-girls Connecticut boarding school Miss Porter's on Friday. Heralded as the artist’s most important painting ever to appear at auction, it set a new record for 103-year-old Herrera, exceeding its high estimate of $2 million.
All told, the white-glove morning sale raised an above-estimate $3.9 million for Miss Porter’s School, which has earmarked the funds for financial aid. Agnes Gund and Oprah Winfrey co-chaired the fundraising effort, for which 43 works by 41 women artists were donated; 17 of the lots were included in an online-only sale up through March 7.
Miss Porter’s Head of School Katherine Windsor said in a statement:
The By Women, For Tomorrow’s Women auction exceeded its high estimate, confirming that art by women is in demand and demonstrating the power of the all-girl network. The success of today’s sale will enable emerging female leaders to attend Miss Porter’s School and go on to shape a changing world.