Art Investment

The May auction Sotheby's and Christie's: growth continues

pace of recovery in prices on the art market continues to grow. At least this shows the high estimeyty in the May auction works of the Impressionists and modernists declared the leading auction houses.

market recovery after the fall of 2009, certainly encouraging, but the prices for upcoming auctions already very high. This is particularly true of works, not so long ago already appearing on the secondary market. The results of the bidding, will undoubtedly enable us to determine how these estimeyty correspond to the situation in the market.

Moreover, auctioneers have begun to offer new guarantees to sellers (its size in the case of the most important works in the tens of millions of dollars ), which again confirms their confidence in the restoration of the art market.

Guarantees enable auction houses to gather for the May auction exceptional works of art. This applies particularly to Christie's, which "had acquired a" four prestigious collections: Mrs. Sidney F. Brody ( Sidney F. Brody) , Raymond and Miriam Klein (Raymond and Miriam Klein), Bernard Goldberg (Bernard Goldberg) , and Michael Crichton (Michael Crichton) . Most media attention attracts the meeting Brody, consisting of 27 lots. And this is perfectly justified, since experts estimate it could bring about 150 million dollars! If you add up all the top estimeyty evening auction Christie's, you get a sum of almost 300 million! And that's not counting the main top-Lot - "Naked on the background of the bust and green leaves" Pablo Picasso (Pablo Picasso), yet estimeyt which is kept secret. The price for this work is guaranteed, as well as other masterpieces from the collection of Brody - painting by Henri Matisse (Henri Matisse) «Naked on the blue pillow" (estimate 20-30 million) and a sculpture by Alberto Giacometti (Alberto Giacometti) «Big head Diego" (estimate 25-35 million). A total of four bronze works by Giacometti, which will be offered to customers on May 4, representatives of Christie's expected to rescue the 50 to 73 million dollars. "Cat" (also from the collection of Brody) is estimated at 12-18 million, "Hand" - in the 10-12 million, and "Female Torso" - in the 3-5 million. Incidentally, in May 1994, the same cast of "Hands", which now offered for 10 million, was sold at Sotheby's in New York for 800 thousand dollars.

Among the works that again returned to the auction after a relatively short break, you can call now Maximilien Luce (Maximilien Luce) «Paris. Archbishop's Bridge ". Experts Christie's decided to adjust its estimeyt to 500-700 thousand dollars after she found a buyer on Nov. 5, 2008, with an assessment of 700-900 thousand. However, in most cases estimeyty work to be another sale, yet turn out to be higher. For example, one of the casts of sculpture Matisse "Large Seated Nude", similar to that which was sold at Christie's May 9, 2007 for 1.95 million dollars, now offers a total of 2,5-3,5 million. Cloth "Boulevard de Clichy" Pierre Bonnard (Pierre Bonnard), which was never sold in 2001 for 2,8 million dollars, now exhibited at Sotheby's with estimeytom 4.6 million. A sketch of Fernand Leger (Fernand Leger), who at Christie's June 26, 2002 brought the equivalent of 841,000 dollars, now estimated at 3.5 million.

In fact, the list of overrated estimeytov get quite long. Sculpture baboon, made animalist Rembrandt Bugatti (Rembrandt Bugatti), in 2006 exceeded estimeyt four times and brought $ 2 million. According to expert estimates Sotheby's, have established on 5 May estimeyt 2-3 million dollars, its price has since been changed. But the price index for product Bugatti for the period from 2006 to 2010 declined by 46 percent ...

really painting Paul Signac (Paul Signac) «Combley-le-Château" rose in price to 1,25-1,75 million dollars since the last sale in May 2002? Will the "naked in a chair with your legs crossed" by Henri Matisse to endure to the estimate of 2.5 million, after the November 2006 it failed to sell just 2 million? Whether the price has doubled "Still Life with Glass and playing cards" Juan Gris (Juan Gris) over the past five years? Indeed, in 2005 she went under the hammer at Christie 's for 2,2 million dollars, and now exhibited its competitor already over 4,5 million. Will the "Woman under the lamp by Pablo Picasso completely crush his previous result of 470 thousand dollars, set in November 1993 (May 5, organizers expect to rescue the bidding for her 3,5-4,5 million dollars)? Is it really more expensive over the past 10 years, half-naked "Edvard Munch (Edvard Munch), which in 2000 brought an amount equal to 552.6 thousand dollars, but now exposed to estimeytom in 1,6-2,2 million? Answers to these questions will be judged on how actually recovered the art market.

organizers hope that the upcoming auction will not do without new records. The representatives of Sotheby's had high hopes for the "Evening ghost on the beach" by Salvador Dali (Salvador Dali) and "Thinker" by Auguste Rodin (Auguste Rodin). The most expensive work of Dali in 1990 remains "azure Corpuscular Assumption of Mary", sold for 3.7 million dollars. It is possible that the "Evening ghost ...", estimated at 4-6 million, will show a more impressive result. Unless, of course, it does not surpass "design sketch for the ballet" Labyrinth "II», offered at Christie's for the same amount. As for the "Thinker", cast in 1917, his estimeyt at the upcoming auction and is from 4 to 6 million. So far, the highest price for this version of the sculpture is kept at the level of 3.54 million dollars, which were paid for it at auction in Paris on June 17, 2009. In general, the success of the New York Sotheby's auction on May 5 largely depends on the fabric «Bouquet of 14 July 1919" Henry Henri Matisse (estimate 18-25 million) and "Spring in Giverny" (1890) Claude Monet (estimate 10-15 million).

Source: artprice.com , artinvestment.ru


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