Art Investment

"Impressionist and Modern Art" at Christie's on June 18. The results


In saleroom
Source: Press Release Christie's

June 18 Christie's held the evening auction "Impressionist and Modern Art." Total all auction items is estimated at 52,83-75,8 million pounds. Total revenue was 64,076,575 pounds (100,407,993 dollars). 84%of the lots sold (87%in value terms). A total of 18 works were sold for an amount in excess of 1 million pounds, 22 works will exceed $ 1 million. During the auction price was set two records - the works of Eugène Boudin and Constantin Brancusi.

Jay Vinz, department head of the London Impressionist and Modern Art Christie's: «The last auction this evening demonstrated reliable results, supporting the increased demand for works of art in this category in 2013. Experienced and novice collectors from around the world, including China and India, have actively participated in the struggle for lots of different price categories. The attractiveness of Impressionist and Modern Art is supported by the results of other successful London auction Christie's, which was exhibited at 100%of print collection of ceramics by Pablo Picasso. A series of trades will continue to auction dedicated to the works on paper, which will be held on Wednesday and Friday at King Street and South Kensington, respectively ».


Wassily Kandinsky
sketch to improv number three. 1909
Christie's. 18.06.2013
Estimate: 12-16 million pounds
Result: 13,501,875 pounds
Source: Press Release Christie's

The most expensive lot of the auction was the "Study for Improvisation number 3" (1909) Wassily Kandinsky , who exhibited his works with an estimate of 12-16 million pounds and sold for 13,501,875 pounds (21,157,438 dollars). Most of the "Improvisations" Kandinsky to date are in museum collections (the final version is exhibiting at these trades work is in the National Center of Art and Culture Georges Pompidou in Paris). In November 2012 a new record price for the work of Kandinsky at the level of $ 23 million has been set by the sale at Christie's «Sketch to improvise number 8," also written in 1909. It is with this series to associate its first steps toward abstraction. In these works, Kandinsky his first applies the principle that the emotional response to the various phenomena of the external world is reflected in the spontaneous and almost separated from each other by color forms. These works are among the first in the history of painting, where color and shape are released from their usual functions.

AMEDEO
Amedeo Modigliani Paul Guillaume. 1916
Christie's. 18.06.2013
Estimate: 5-7 million pounds
Result: 6,781,875 pounds
Source: Press Release Christie's

Amedeo Modigliani (1884-1920) painted four portraits of the famous art dealer Paul Guillaume, who represented the artist in 1914-1916. The painting "Paul Guillaume" (1916), which Christie's set on June 18 with an estimate of 5-7 million pounds - the only one of these portraits, until now still being in a private collection. The web has found its new owner for 6,781,875 pounds (10,627,198 dollars). Portraits by Modigliani is primarily famous for being built in a combination of the status of the ideal of beauty and a deep understanding of the inner world of the model. Both of these features are characteristic of the present portrait, which is the least formal of the four.

PABLO
Pablo Picasso
girl sitting in a chair. 1960
Christie's. 18.06.2013
Estimate: 4-6 million pounds
Result: 6,109,875 pounds
Source: Press Release Christie's

Launched in December 1960, the work of Pablo Picasso (1881-1973) "A girl sitting in a chair," referring to a series of portraits of Jacqueline Roque, the artist created a few months before their marriage, put up for auction with an estimate of 4-6 million pounds and sold for 6,109,875 pounds (9,574,174 dollars). With Jacqueline Picasso tied the longest romantic relationship, and its images on the canvases of Picasso can be found more often than images of other musical artist. In the early 1960s, Picasso created several portraits of Jacqueline, which combines the techniques of the Golden Age of Spanish painting and Cubism.


Paul Signac Sainte-Anne (Saint Tropez). 1905
Christie's. 18.06.2013
Estimate: 2,5-3,5 million pounds
Result: 3,533,875 pounds
Source: Press Release Christie's

Masterpiece brush Paul Signac (1863-1935) under the title "Sainte-Anne (Saint Tropez)," the singer of scenic beauty of the south of France, previously estimated at 2.5-3.5 million pounds and was auctioned off for 3,533,875 pounds (5,537,582 dollars). This landscape, created in 1905, is a clear indication of the changes taking place in the works of Signac while under the influence of the news of the death of Georges Seurat. The fact that this picture is a success with his contemporaries, said a large number of exhibitions in which she participated, including a retrospective exhibition of works by Signac, held in 1907 in the gallery Bernheim-Jeune. The significance of the picture is confirmed by its provenance: the first one of its owners was the patron of avant-garde art of the early twentieth century Gustave Fayet, also providing assistance to members of post-impressionism, including Paul Gauguin.

Dated Year of 1964 "Head Men "by Pablo Picasso (1881-1973) in the evaluation of 2-3 million pounds was sold for 2,973,875 pounds (4,660,062 dollars). Landscape by Claude Monet in 1873 under the title "Sainte-Adresse", estimated at 1-1.5 million pounds, went under the hammer for 2,861,875 pounds (4,484,558 dollars). Conceived in the 1880's marble sculpture of Auguste Rodin's "Eve after the Fall", put up for auction with an estimate of 500-700 thousand pounds, has found its new owner for 2,861,875 pounds (4,484,558 dollars), and bronze "Walking Woman" by Alberto Giacometti , which experts have previously given estimate 1.5-2.5 million pounds, was bought for 2,637,875 pounds (4,133,550 dollars).

«Bust of a man with a Pipe" ( 1969) by Pablo Picasso exhibited from the collection of Simone and Jean Tirosh with an estimate of 0.9-1.2 million pounds and sold for 1,685,875 pounds (2,641,766 dollars). The remaining seven works from this collection, which attracted a total of 5,419,000 pounds (8,491,573 dollars), also found new owners.

Source : press release Chrisrie's


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