Art Investment

Christie's summed up the two weeks of trading in New York

Auction house Christie's announced the results of May's New York auctions in categories Art Impressionism and Modernism » and " Postwar and contemporary art ». The total revenue on the basis of bidding, which took place over two weeks, was 652,093,400 dollars.

Edward Dolman, President Christie's International, said: "Art-market shows tremendous stability. The appeal of the outstanding works of art from renowned private collections was the cause of such results. Despite the fact that now all attention is focused on the impressive results of auctions of impressionist and modernist art, as well as postwar and contemporary art, the results of other trades no less impressive: the London bid set a new record price for a Persian carpet, successful results were achieved on the basis of Paris auction, which exhibited Augsburg globes, in Geneva under the hammer took the most expensive private collection hours Patek Philippe. All this once again confirms that the outstanding work continues to enjoy huge demand ».

most vivid evidence of market stability has been demonstrated on the basis of key New York trading. A total of 19 lots were purchased for the amount surpassed the $ 5 million, 18 lots - for amounts over 10 million and 9 lots have been sold more 20 million. The number of participants in the auction is also steadily growing, most active customers from the USA show, Europe, Middle East and Asia.

Top-lot-week session trading was the canvas of Pablo Picasso's" Nude on the background of the bust and green leaves "from the collection of Sidney Frances Brody - a recognized masterpiece written in 1932 and publicly exhibited since 1961. The canvas was sold for 106.48 million dollars, which updated the record price for a work of art ever sold at auction. Total proceeds from the sale of lots from the collection of SF Brody was 225.9 million dollars, which was a new record sales of private collections ever exhibited at the New York trading.

The enthusiasm of collectors was a logical continuation of the auction "Postwar and Contemporary Art", which was exhibited collection of famous American writer Michael Crichton . The overall result of the evening auction in this category amounted to 231.9 million dollars, and part of lots from the collection of M. Crichton in this auction was sold for 93,3 million dollars. Top-lot section was the work of Jasper Johns "Flag» , sold for an amount 28.64 million dollars - a record for the artist's works.

Collection Michael Crichton, lots of which were exhibited at both the evening and on day trading, was finally sold for 103.33 million U.S. and became the most expensive private collection of contemporary and postwar art from all ever exhibited at Christie's.

addition to price records for works by Picasso and Jones, in the trades found another 6 records , among which are:

  • Georges Braque, "Grapevine", 1953-1954: 10.1 million;
  • Jean-Francois Raffaelli, "Fans of absinthe, 1881 : 2.99 million;
  • Mark Tansey, "Pull-Push", 2003: 3.2 million;
  • Sam Francis, "the middle of Blue", 1957: 6, $ 3 million;
  • Lee Bontecou, "Untitled", 1962: 1,8 million;
  • Christopher Wool, Blue Fool, 1990: 5 million.

new price record was set in Section lottery graphics postwar and contemporary art on the work of Jasper Johns "Savarin (ULAE S36)», sold for 1.3 million dollars. For a record $ 12.4 million was sold by auction work by Yves Klein's "Anthropometry № 93 (Buffalo) and the product of Roy Lichtenstein" Girl in Water ", bought for 1.87 million dollars, which is also a record for a work on paper for this artist.

combined list of top 10 lots up to 2 weeks of auction Christie's

date and lot number

Description

Estimeyt,
million dollars

Price, USD

Buyer

04.05.10. Lot № 6

Pablo Picasso Nude on a background of the bust and green leaves. March 9, 1932
M Irova record for a work of art
M Irova record for the artist's work

upon request

106,482,500

anonymous buyer

04.05.10. Lot № 13

Alberto Giacometti big head. 1954-1955

25-35

53,282,500

anonymous buyer

11.05.10. Lot № 7

Jasper Johns flag. 1960-1966
world record for the artist's work

10-15

28642500

Gallery of Avery Galleries

04.05.10. Lot № 30

Alberto Giacometti's hand. 1947-1948. Bronze

10-15

anonymous buyer

04.05.10. Lot № 4

Alberto Giacometti Cat. 1951-1955. Bronze

12-18

anonymous buyer

11.05.10. Lot № 45

Andy Warhol's Silver Liz. 1963

10-15

art dealer from the U.S.

04.05.10. Lot № 39

Pablo Picasso Woman with a cat in a chair. 4-15 May 1964

10-15

18,002,500

anonymous buyer

04.05.10. Lot number 22

Henri Matisse Nude on a blue pillow. 1924

20-30

anonymous buyer

11.05.10. Lot № 35

Yves Klein Anthropometry № 93. Buffalo. 1960-1961

8-12

12,402,500

anonymous buyer

11.05.10. Lot № 24

Robert Rauschenberg studio. Collage. 1960-1961

6-9

11,058,500

anonymous buyer

Source: press release Christie's


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