Art Investment

The demand for a revival of the Impressionists

London art dealer Richard Green (Richard Green) - a collector and gallery - in September, exposes for sale belonging to the canvas he painted by Claude Monet (Claude Monet). It involves a gain for him good money, because the demand for the work of French Impressionists began to grow again. The painting, which depicts an evening landscape with poplars, reflected in the river, called the «Sen in Veteye» (La Seine a Vetheui ») and written by the artist in 1881. In June 1995 it was sold at Sotheby's auction for 1.25 million pounds. And in February 2006 at London auction Christie's, where the work was exhibited for the last time she went under the hammer is already over 2.7 million pounds. Now the owner expects to get for it at least 6.25 million pounds (11.1 million dollars). In the near future it will be on display at the 24 th Biennale des Antiquaires in Paris, which will be held from 11 to 21 September in the Grand Palais (Grand Palais).

According to Jonathan Green (Jonathan Green), son of Richard Green, who is also managing director of his father's gallery, paintings of this kind of interest mainly wealthy people. They pay great attention to quality canvases.

In 1990 the demand for works of the Impressionists had been weak. Now, however, art dealers, such as Green's claim that now this sector is the market begins to recover. Basically this is due to the emergence of new buyers, particularly from the former Soviet Union. According to Green's interest in the work of the Impressionists risen, not only for Russians but also Americans, that is connected with the strengthening of the dollar. Justice of allegations of this nature confirm the following facts. On 24 June this year at Christie's International auction in London, where the exhibited works of the Impressionists, painting by Claude Monet «Pond with nenuphar »(« Le Bassin aux Nympheas ») went under the hammer for a record sum for the work of the artist - 40,9 million pounds (80.45 million dollars). On the following day at auction Sotheby's, which also presents the Impressionists, the organizers managed to gain 102.2 million pounds and sell more than 91 per cent of the proposed lots.

exhibition Biennale des Antiquaires, which also includes the work of Degas, Renoir and Pissarro, after completion of Biennale could be seen from September 24 - Richard Green Gallery in New Bond Street in London, and from October 17 - on International Exhibition of Fine Arts dealers and antiques in New York.

material produced Catherine Onuchin

Sources: bloomberg.com , artinvestment.ru


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