Past auction in London on international Christie's, dedicated to the art of impressionism and modernism, lasted three hours and brought to the auction house 140 million pounds (within the overall estimate 114,7-144, 4 million pounds). Among the lots were forty works from the collection of the deceased in the past year, the Swiss art dealer Ernst Beyeler,. Works from his collection Basel auction house experts have previously estimated at 46-67 million pounds, sold to the same work brought in a total of 44.7 million.

«Art Market is now stable enough," - said New York dealer Tony Shafrazi. - Media fanning the panic about the state of the economy, but in reality there are many more hidden cash reserves ».

Three portrait by Pablo Picasso's images of his loved ones have been sold in London for a total of 42.2 million pounds (68.5 million dollars). For web Spaniard fierce struggle among collectors, who in the end the main intrigue of the evening.

Picasso - one of the best-selling modern artists in the world. Wealthy collectors who think of a profitable investment, its time-tested work (especially his portraits of loved ones) have attracted a strong case for investment properties recession. Portrait of Marie-Therese Walter in 1932's "Nude on a background of green leaves and bust", sold for 106.5 million dollars, is currently the most expensive work of art in the world (Christie's, New York, May 2010).

Pablo Picasso Woman in Blue. 1939 Oil on canvas. 73 x 60 Christie's. 21/06/2011. Lot № 49 Estimate: 4-8 million pounds Result: 18 million pounds Source: christies.com

Portrait of Dora Maar "Woman in Blue" in 1939 was sold for 18 million pounds, with 8.4 million estimeyte. It is noteworthy that the portrait was purchased by the family put it up for auction at the current owner of approximately the same Beyeler in 1968.

As the representative of the auction Christie's, the new owner of the picture was traded on the phone a Swiss collector Greek Dimitri Mavrommatis (Dimitri Mavrommatis), whose interests are represented in the hall, Thomas Seydoux, Head of International Department Christie's «Impressionist and Modern Art».

Pablo Picasso Sleeping girl. 1935 Oil on canvas. 46,3 x 55 Christie's. 21/06/2011. Lot № 47 Estimate: 9-12 million pounds Result: 13.5 million pounds Source: christies.com

Earlier London dealer Alan Hobart of Pyms Gallery posted 13.5 million pounds for the work of Picasso's 1935 "Sleeping Girl," which depicted the Marie-Therese Walter.

preliminary estimated at 9-12 million pounds of canvas was put up for auction owner who wished to remain anonymous, and the proceeds will be transferred to the University of Sydney for funding of medical research.

"Portrait of Maar - best represented today lots of Picasso" - said Guy auction Jennings, representing dealers Theobald Jennings. "The market remains stable, the pricing is quite adequate, in general, the situation looks even a bit more attractive than in the May auction in New York." Jennings was among the dealers, who said the bidding Asian clients who have applied primarily to works of modern artists in the lower price segment. Picasso print, sold for 67,250 pounds, entered the 4 per cent of works purchased by Asian customers. According to Christie's, the Europeans bought 54 percent of the lots, the remaining 42 percent went to Americans.

Pablo Picasso Portrait of Françoise. 1946 Oil on cardboard. 99,6 x 80,6 Christie's. 21/06/2011. Lot № 13 Estimate: 7-10 million pounds Result: 10.7 million pounds Source: christies.com

The most expensive lots of the meeting was Beyeler canvas 1946 "Portrait of Francoise," depicting Picasso's mistress Francoise Gilot. The work done in oil on board, was acquired from the artist's daughter Maya Picasso Vidmayer (Maya Widmaier-Picasso) in 1997. At this time the product was transferred to a representative of New York's Acquavella Galleries dealers for 10.7 million pounds estimeyte 10 million.

However, not everyone works from the collection of Ernst Beyeler went under the hammer. Without a buyer were "Water lilies" by Claude Monet, which experts put the pre-auction estimate is the highest in the evening, 17-24 million pounds. This two-meter work often appeared on the market and exhibited, and in his gallery dealer kept it not because we do not have the opportunity to sell. The late paintings of Monet water lilies with rose in price after a record-breaking sales in June of 2008 at Christie's work "pond with water lilies" for 40.9 million pounds. But for some reason at the last auction, "Water lilies" did not cause any significant interest from buyers.

It is not very upset and was not surprised at the Foundation Beyeler director Sam Keller (Sam Keller) "... that sort of thing you have paid the cheap. We parted with this picture only the very good conditions. We can exhibit it in a museum, and in 5-10 years it will grow more in value ».

« Works from the collection Beyeler familiar with the market, and generally sold at reasonable prices. But the estimate of the Monet was really a bit a tall, while for some items that pertain directly to the dealer, asked very little money "- believes Guy Jennings. For example, Spanish walnut table XVII century, which belonged Beyeler, it was estimated only 20 thousand pounds, and eventually went under the hammer in a ten times more expensive - for 289 thousand. A table of Diego Giacometti, where the dealer stood in the gallery fax, was sold for 646,000 pounds estimeyte from 50 to 70 000.

MAKEEV AUGUST At bazare.1914 Watercolor and pencil. 28,9 x 22,8 Christie's. 21/06/2011. Lot № 42 Estimate: £ 600-800 result: 4 million pounds Source: christies.com

were installed and new personal records. In particular, a colorful watercolor August Macke (August Macke) «On the market," the new owner paid 4 million pounds - four times the upper estimate. A painting by Paul Klee (Paul Klee) «Dancer" in 1932 an unknown client in the room bought for 4.2 million pounds, doubling its lower estimate.

material prepared by Mary Estrova, AI and Mary Onuchina, AI

Source: artinfo.com , bloomberg.com , artinvestment. ru