At the May auction of Impressionist and Modern works by Pablo Picasso and Monet were not always in favor. Perhaps the reason for failure lies in the inflated estimate?

Cloths Pablo Picasso still sold the most expensive in the world: to share the artist has the largest number of multimillion-dollar auction results. However, collectors are not so crazy about his paintings to pay for them any money. The market continues to remain first-class wizard, but customers continue to exercise selectivity.

at auction at Sotheby's May 3 in New York of the 32 lots, valued over $ 1 million, only 17 crossed the threshold . As for Picasso, only 4 of 10 crossed the bottom bar of estimate. Top lot in the evening - the canvas of Picasso, "Woman Reading" - brought only $ 19 million, short of not up to the lower estimate of 25 million. Mindful of the successful sale of the painting "Reading" for 22.5 million pounds (36.2 million dollars twice the estimate) on February auction in London , organizers of the auction, Sotheby's, of course, hoped for a much better result, "Woman Reading" (optimists predicted the price of a hammer to $ 35 million).

So-called" effect of Picasso "bypassed three lots on offer: the painting" A couple with a guitar "was sold by auction for 8,5 million dollars (the lower estimate was 10 million), and the painting" Seated Nude "and" View from window "altogether left without buyers, even though they had planned to sell for 2,5 and 5 million dollars respectively.

total, 8 of 10 Picasso offered at the evening auction Sotheby's, brought 51.6 million dollars: it's about a third of total revenue trades, but at the same time, this figure is considerably lower than the preliminary assessment of all ten of Picasso, a certain level from 60 to 85 million dollars.

Another great disappointing auction of May has been associated with the works of Claude Monet. And the owners of the paintings, and auctioneers have considerably overestimated the market demand of French impressionist. In the end, luxurious "Purple Iris" (1914-1917) and have not found a buyer. Work planned to sell for 15-20 million dollars, while in 1997 the hammer price of the same pattern was only 3.5 million dollars. Thus, the organizers of the trade had expected growth of prices "Purple Iris" by 320 percent (this is because the most expensive work by Monet depicting irises).

other work by Monet - Poplars "- took over welcome: it has tripled his score of 2000 (6.4 million dollars, Christie's, New York). But, again, $ 20 million that Topol was brought in 2011, equal to only the lower estimate.

art market is in anticipation of the June trading works from the collection of Ernst Beyeler . In particular, it will be offered the work of Monet's "Water lilies". Recall that in June of 2008 work "A pond with water lilies" (1919) was sold for $ 71 million (Christie's, London).

material was prepared by Maria Onuchina, AI

Source: artprice.com , artinvestment.ru