Art Investment

"Impressionist and Modern Art" at Christie's on Feb. 9, 2011

February 9, 2011 in London auction house Christie's will auction the evening "The Art of Impressionism and Modernism, as well as auction" Surrealistic art. " The total estimate of both auctions was 73.88 million to 109 million pounds (in 2010 estimate similar trades equaled 56,5-80,8 million pounds). This estimate is the second largest in the history of the February auction at Christie's in this category, held in London. (The largest aggregate estimate - 89,1-125 million pounds - was installed in February 2008. It should be noted that in 2008 the number of lots equals 131, and in 2011 - 78.)

Giovanna Bertazoni, director of the London department of Impressionist and Modern Art Christie's: «2010 was a landmark for the art market, has demonstrated a high price indicators, and brought new records. The main engine of success was the demand for rare works, the first time found themselves in the market. This primarily refers to the masterpieces of impressionism and modernism, it is these works took seven stitches in a list of 10 most expensive lots of the past year, with 6 of them were sold for a sum exceeding $ 50 million. Trades in this category continues to attract an increasing number of new customers, which include representatives of countries such as China and Russia. We are also seeing strong growth in demand for rare works which are the best of its kind. During the upcoming auction, we will offer collectors a number of outstanding works, many of which for decades were in private collections. Four of them are on sale from the Art Institute of Chicago, and each job offers collectors a unique opportunity to supplement their collections ».

evening auction" The Art of Impressionism and Modernism. " Top lots

Within evening auction "Art of Impressionism and Modernism" on sale for a total of 46 lots put up, the total estimate that is 54,68-80,96 million pounds. Among the top lots of the organizers point out first of all the work of Paul Gauguin, as well as works by Andre Derain, Georges Braque, Edgar Degas, Pierre Bonnard. The attention of buyers brought the work of Claude Monet, Pablo Picasso, Henri Matisse, Fernand Leger and many others.

«Still Life" Hope "Paul Gauguin (1848-1903) wrote in 1901 in Tahiti. This is one of four works with Sunflowers, written in that period. Experts estimated the auction now, are undoubtedly a tribute to Vincent van Gogh, in the 7-10 million pounds. Cloth repeatedly exposed: the first retrospective exhibition in 1906 and subsequently in more than 20 leading international museums, including MoMA, New York's Metropolitan, the Art Institute of Chicago, London's Tate Gallery, Washington's National Gallery and many others. The last picture showed the public in 1989.

Andre Derain
Boats at Collioure. 1905
Christie's. 9.02.2011
Estimate: 4-6 million pounds
Source: christies.com

Painting "The Boats in Collioure "brush Andre Derain (1880-1954) was written in 1905 at the dawn of Fauvism. Deren created this painting in Collioure, where at that time worked and his idol - Henri Matisse. This amazing work was owned by present owner since 1960, and last appeared on the show in 1965 (estimate 4-6 million pounds).

Georges Braque
Still Life with Guitar (on the background of a red curtain). 1938
Christie's. 9.02.2011
Estimate: 3,5-5,5 million pounds
Source: christies.com

The sale will feature four works from the collection of the Art Institute of Chicago, a leader among them is "Still Life with Guitar (on the background of a red curtain)" brush Georges Braque (1882-1963), written in 1938, estimate of work is 3,5-5, 5 million pounds. Earlier this painting was owned by prominent collectors - Albert D. Lasker and his wife, parents, Sidney F. Brody, from the collection of which in May 2010 during New York's Christie's auction for a record sum of 106.5 million pounds gone under the hammer painting by Pablo Picasso's "Nude on the background of the bust and green leaves. The three other works from the Chicago institution - this early work by Pablo Picasso (1881-1973) "Double decker bus with open top for crossing the Seine River" in 1901 (estimate 2-3 million pounds), a portrait of "Woman in an armchair" brush by Henri Matisse in 1919 (estimate: 1-1,5 million pounds), as well as Picasso's Cubist still-life "and the glass tube" in 1919.

Edgar Degas
Ballerina in yellow skirts. Circa 1896
Christie's. 9.02.2011
Estimate: 3-5 million pounds
Source: christies.com

Bed Edgar Degas (1834-1917) "Dancer in the yellow skirt, which is in excellent condition, was purchased by the family of the present owner in 1899 and since then hereditary. The work done by the artist around 1896, depicts a scene from the life of ballet dancers (one of the favorite themes of Degas), for which the author chose a rich color palette that distinguishes all his work relating to this period. Estimate pastels of 3-5 million pounds.

Pierre Bonnard Terrace at Vernon. 1923 Pierre Bonnard
Terrace at Vernon. 1923
Christie's. 9.02.2011
Estimate: 3-4 million pounds
Source: christies.com

The picture of Pierre Bonnard (1867-1947) "Terrace at Vernon," written in 1923, engraved view from the veranda of Normandy House of Artists (estimate 3-4 million pounds). This work Bonnard chose for Salon d'Automne, where it was very good. Since then she has exhibited only once - in New York in 1934, and already in 1935 it acquired the present owner's family, and since then at the auction she did not appear.

"Surreal art." Top lots

In these evening sale, which will be held immediately after the auction, "Impressionist and Modern Art", will be put up for sale 32 lots, the total estimate that is 19, 2-28,1 million pounds, a record bar for this category of auctions, conducted the auction house since 2001. During this auction the art of Surrealism is represented by works of Rene Magritte, Salvador Dali, Max Ernst, Giorgio de Chirico, Paul Delvaux, Francis Picabia and many others.

Olivier Camus, International Director and Head of Trade: "In recent years we have witnessed a significant increase in the number of collectors buy works of surrealist art. Basically, their number increases due to the collectors who collect contemporary art. Surrealist Art - is a rapidly growing category, and we regularly watch as prices rise over time, and each new record is followed by all new and new. Upcoming auctions promise to be the most lucrative of all, which is amply explained by the quality and rarity of works offered for sale ».

RENE Rene Magritte
magnet. 1941
Christie's. 9.02.2011
Estimate: 3,5-5,5 million pounds
Source: christies.com

Rene Magritte (1898-1967) "Magnet" (1941) - a monumental canvas. It is put up for sale with the estimate 3,5-5,5 million pounds from a private Swiss collection, and is one of the greatest creations of the artist ever to fall on the auctions. Magritte himself twice mentions this work in his letters, dating from November - December 1941, describing it as follows: "This is a naked female figure of the long-haired blonde, which relies on a stone, while the folds of tissue in the background repeat exactly the silhouette of her body ».

Salvador Dali sketch for the painting Salvador Dali
Study for the painting "Honey is sweeter than blood." 1926-1927
Christie's. 9.02.2011
Estimate: 2-3 million pounds
Source: christies.com

Study for the painting "Honey is sweeter than blood" years 1926-1927 - a landmark work in the works of Salvador Dali (1904-1989) and one of his first surrealist paintings (estimate 2-3 million pounds). Sketch was made to them in preparation for the establishment of the same name by the painting, which today is lost. The work was purchased by the family of the present owner in 1950 and since then hereditary. At the auction she exhibited for the first time. Etude participated in several exhibitions, among which special mention deserves the recent exhibition "Dali and Cinema", held at London's Tate Modern in 2007. Dali's creativity will be presented during the auction and set up in 1942 a large-scale (more than five feet in height) depicting cavalcade of burning giraffes - an image that has become canonical for an artist and being a kind of reflection of the horrors of war (estimate 3-4 million pounds).

Another favorite for the upcoming auction is a monumental (nearly one meter in height), the work of Yves Tanguy (1900-1955) "I think" (1948), estimated at 2-3 million pounds and put on sale for the first time .

February 10 will be day trading, "The Art of Impressionism and Modernism, as well as auction" Impressionist and Modern Art - works on paper, in which will be put up for sale 237 lots, whose the total estimate is 15,237-21,805 million pounds.

Estimeyty February auctions Christie's, £:

evening auction "Art of Impressionist and Modern»

54 680 000-80 960 000

Trades "Surreal Art»

19 200 000-28 100 000

«The Art of Impressionist and Modern - works on paper »

6002 000-8 502 000

afternoon trading, "The Art of Impressionism and Modernism»

9235 000-13 303 000

Total:

89 117 000-130 865 000

Source: press release Christie's


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