Art Investment

Uspekhi Parisian art market

Paris art market this year has shown very solid results. Despite the difficult economic situation, the number of auctions and submitted them lots remained the same as last year. Moreover, the income from the auction held in the French capital in the first quarter of 2009, up more than London and New York. In autumn 2008, nearly half remained unsold lots, but now the figure is less than 40%. At the tender pieces of modern art Sotheby's, held on 28 May, has sold 95,2% of works. In the first quarter of the year, prices for works of art in France decreased by only 5% and since then there are the same.

The main reasons for success are: first, the French bid is much lower sverhdorogih work than in New York and London (respectively, the market is less speculative), and secondly, Paris Christie's held a few incredibly successful auctions. Chief among them, of course, the sale of collections by Yves Saint Laurent (Yves Saint-Laurent), and Berger, Pierre (Pierre Bergé).

Trades objects from the collections of the great couturier and his loved one had the whole 373.5 million euros at estimeyte 200-300 million. This represents 53.2% of the proceeds of all the French auction house for the year 2008! Alone works of art brought entire 255 million euro. Expensive sold 22 million of work (and that in 2008 in France, millions of sales was only 19). In the top five auction results to France for the past 20 years, four belong to the position of sales at auction Saint Laurent: «primrose on the tablecloth in blue and pink colors» Henri Matisse (Henri Matisse) - 32 million euro; «Madame LR» Constantin Brancusi (Constantin Brancusi) - 26 million, «Composition in blue, red, yellow and black» Piet Mondrian (Piet Mondrian) - 19,2 million, and his «Composition with the bars 2» - 12,8 million. Details of the results of the auctions can be found here , here and here .

Paris auctions Christie's and Sotheby's, held in late May, have been quite successful, though, without sensationalism. At Sotheby's milestone of one million dollars to overcome two works: painting «Bottles» was (Nicolas de Staël) , sold for 1.1 million euro, and the figure «A woman and two girls» Georges Sulfur (George Seurat), gone for 1.3 million. The first work appeared in the May 27 auction, the second - 28 th.

Top-fathomable Impressionist and Modern auction Christie's, held on 20 May, was the sculpture «Standing female faun» Auguste Rodin (Auguste Rodin). It was sold for 460 thousand euros. At the auction of postwar and contemporary works by artists), May 27, the highest total - 620 thousand - has a portrait of Yves Saint Laurent made Andy Warhol (Andy Warhol). At the same auction a nearly 50 works by Claude and François-Xavier Lalannov (Claude & François-Xavier Lalanne), which yielded 2.3 million euros (making the overall result of trades amounted to 6.7 million).

The French auction houses themselves occasionally show remarkable results. June 17 Rodin sculptures «philosopher», appeared at auction in the hall Druo-Richelieu, was sold for 2.56 million euros at estimeyte 400 thousand! The previous record for the «thought» of 2.7 million dollars (1.86 million euros). Another work of Rodin, «Little Eva», also far exceeded estimeyt. Experts praised it in 300 thousand euro, as it has 2 million. Both works were put up for auction auction houses J. J. Mathias, Baron Ribeyre & Associés and Farrando-Lemoine.

auction was held on July 2, Christie's, which were works of art from the collection of modern American sculptor Mary Keller (Mary Callery). Buyers have 55 lots of 63. The most impressive amount brought wooden sculpture «Hours» Arpa Hans (Hans Arp). It was sold for 755 thousand euros at estimeyte 400-600 thousand.

Material prepared Yulia Maksimova, AI

Sources: artprice.com , artinvestment.ru


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