Auction of Impressionist and Modern Christie's brought nearly $ 190 million
Top lots were works by Monet, De Vlaminck and Picasso
total revenues of the New York evening sale Christie's May 4 Impressionist and Modern Art "has made 156 million dollars. Top lots were works by Monet, De Vlaminck and Picasso.
Three works were sold for a sum exceeding $ 20 million each, while on the representative of the French Fauve paintings by Maurice de Vlaminck and postimpressionist Maximilien Luce established new price records. In general, their new owners found 82 per cent for sale of lots (81 per cent in cash terms).
The main favorite week of trading in this category held all auction houses, has become work of Claude Monet's" Poplars », which is part of a series of paintings that he wrote during his stay in Giverny in the summer of 1891. It should be noted that this picture is the largest in the series. Put up for sale from private collection of painting was bought for 22.48 million dollars a collector from the United States. The last leaf to appear at auction at Christie's in 2000 and then went under the hammer for $ 7 million, which shows a three-fold increase in value over 10 years.
Marc Porter, president of the American branch of Christie's: "These results suggest that unfading demand for outstanding works of art on an international scale. Masterpieces show more than confident the results as we can see an example of the modernist and surrealist works from private collections. It was very nice to watch, as time increases the value and cost of such works in a number of cases of "Poplars" by Monet to set a new record of landscape Maurice de Vlaminck brush, the landscape in 1994 was sold for 6.8 million dollars and now went under the hammer for more than 22.48 million dollars ».
No less than successful results demonstrated the work of Pablo Picasso's "Algerian women (version L)», referring to the revolutionary series of 15 canvases created by artists in 1955 as a tribute to the eponymous masterpiece brush Eugene Delacroix. Located in a private collection for over 50 years the painting was bought by an anonymous buyer for 21,362,500 dollars.
total at the auction were sold three works for amounts over $ 20 million each, four lots left under the hammer for more than 10 million and 19 works has exceeded $ 1 million. Among the buyers represented 47 percent of the European region, 36 percent - customers from the United States, 4 per cent - from Asia. All in all tenders were submitted from 11 countries, taking into account the fact that 70 customers have bet on the telephone.
Top-10 Christie's evening sale on May 4 2011 (New York)
«The Art of Impressionism and Modernism»
| Lot | Description | Estimate, millions of dollars | Price, USD | Buyer |
| 16 | Claude Monet (1840-1926) | 20-30 | 22482500 | buyer from the U.S. |
| 25 | Maurice de Vlaminck (1876-1958) | 18-25 | 22482500 | Acquavella LLC |
| 32 | Pablo Picasso (1881-1973) | 20-30 | 21362500 | anonymous buyer |
| 29 | Henri Matisse (1869-1954) | 8-12 | 15762500 | Buyers from Europe |
| 9 | Pablo Picasso (1881-1973) | 4-6 | 7,138,500 | anonymous buyer |
| 22 | Pierre Bonnard (1867-1947) | 6-9 | 6,242,500 | buyer from the U.S. |
| 55 | Fernand Leger (1881-1955) | 3,5-4,5 | 5,122,500 | Buyers from Europe |
| 12 | Giorgio de Chirico (1888-1978) | 5-7 | 4,786,500 | anonymous buyer |
| 26 | Pablo Picasso (1881-1973) | 3-4 | 4,338,500 | Art Dealer |
| 21 | Maximilien Luce (1858-1941), | 2-3 | 4,226,500 | Buyers from Europe |
afternoon auction Christie's «The Art of Impressionism and Modernism," on May 5 raised 33.5 million dollars. Thus, the total revenue of trading on May 4-5 was 189.5 million dollars.
Source : Press Release Christie's
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