Art Investment

Impressionists and modernists February 2-3: Sotheby's and Christie's optimistic

2 and 3 February in London will auction the works of the impressionists and modernists, prepared by Christie's and Sotheby's. Estimate of many works are high

Over the past two years the price level of the work of impressionists and modernists, declined slightly. But, judging by the high estimate: in the upcoming auction catalogs from Christie's and Sotheby's in London, market participants predicting a quick return to price growth. At least estimate declared ambitious - sometimes 20 percent higher selling price a year ago.

  • KES Van Dong Tsyganka. c. 1910-1911

course catalogs of auctions scheduled for February 2 and 3 until you reached the pre-crisis level impressive. However, the choice of works, of course, was more abundant than in February 2009. February 2 exhibited at Christie's evening auction 48 works of impressionists and modernists, as well as 38 works Surrealists . The next day, Sotheby's will offer customers the attention of 39 lots, 12 more than last year.

top lot at Christie's should be a "Gypsy" Kees van Dongen (Kees van Dongen) which had never before appeared at auction. If she can hold out until the upper ceiling estimate of 7.5 million pounds, it will become the most expensive work of the artist. Incidentally, the previous record for a work van Dongen was installed just three months ago: 4 November 2009 at Sotheby's in New York painting "Young Arab "went under the hammer for 12.25 million dollars (here and later in the paper prices are excluding Buyer's Premium, so they may differ from those in other materials site. - AI .) . Organizers also hope to rescue the bidding large sums for the "Spanish Flu» Natalia Goncharova (estimate 4.6 million pounds) and "naked girl with legs crossed" by Henri Matisse (Henri Matisse, estimate 2,5-4 million pounds). In addition to the undoubted quality of these works have yet another important advantage: they are not "zasmotreny" because it does not appear on the secondary market for a very long period of time. In the Christie's catalog also has six works by Pablo Picasso (Pablo Picasso), which together can produce up to 12.2 million pounds.

In general, it is worth noting that the level of estimate: many works, established Christie's, considerably higher than the actual price of the results, which were obtained in the previous sales of these works at auctions. For example, the work of Henri Matisse's "Red algae at the bottom of the blue", which in February 2005 went under the hammer for 550 thousand pounds, now estimated at 500-700 thousand pounds. Bed Picasso's "narrator", which in April 2008 in Paris, was sold for the equivalent of 400 thousand pounds, is on the current bid estimate of 500-700 thousand. A "Dancer in the fourth position, standing on her left foot" by Edgar Degas (Edgar Degas), which in April 2007 yielded 355 thousand pounds, estimated by experts of the auction house in the 400-600 thousand pounds.

Another work - still life Alexei von Jawlensky «blue vase with oranges" - rose in price almost doubled compared with February 2003. Then she went to a buyer for 400 thousand pounds, and now experts estimate it in advance of 600-800 thousand pounds. Cloth Paul Signac (Paul Signac) «Square Vert-Galant, valued today at 1,5-2 million pounds, was purchased in May 2002 at Sotheby's for the equivalent of 442 thousand pounds.

Preliminary estimates of experts Sotheby's no less optimistic. For example, the picture "Leontine reading" Hand Auguste Renoir (Auguste Renoir), which in May 2002, was bought for 1.2 million pounds, now has an estimate of 2,3-2,8 million. Still Life Paul Cézanne (Paul Cezanne) «Pitcher and Fruits on the table" too few grown up in price. In 2001 it was estimated at 9,8-14 million pounds, but has not found its buyer. However, since its estimated value is not diminished but rather increased to 10-15 million pounds. Even more impressive sum - 12-18 million pounds - the organizers expect to bail out the bidding for the "walking man" by Alberto Giacometti (Alberto Giacometti), which was cast during the life of the sculptor. A similar estimate has a fabric "Church in Cassone (landscape with cypress trees)" brush Gustav Klimt (Gustav Klimt). Excellent picture of Egon Schiele (Egon Schiele) «Seated Woman in purple stockings, valued by experts at the auction house 3.5 million pounds, may well set a new record. Work of this quality in 2009, the auction did not appear, and the demand for such things is very high. The last record for drawing Schiele was installed in November 2006, when his half-naked on his knees, bending left, "went under the hammer for $ 10 million (5.2 million pounds).

way or another, but the market is already far away from the harsh days of February 2009. Christie's and Sotheby's opening season in 2010 the major auction, reflects the confidence in the market. According to the estimate: they offer, there was a revaluation of the work the world's best artists. It is clear that the product quality will always be valued very highly. We can only await the results of bidding, which will show whether this optimism is premature or not.

Sources: artprice.com , artinvestment.ru


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