Not the best day for Christie's
Yesterday's Impressionist and Modern auction Christie's brought the lowest revenue in the last two years in this category: $ 140 million estimeyte 211,9-304,4 million
Yesterday's New York evening sale of Impressionist and Modern Christie's brought the lowest revenue in the last two years in this category: $ 140 million estimeyte 211,9-304,4 million. Many of the top lots were left without buyers: not sold 38 percent of the proposed 82 lots.
«Never quality was not as mediocre and overpriced estimeyty such. The result of this combination of factors there, "- thinks New York dealer and collector Alberto Mugrabi.
Among the unsold lots were small bronze sculpture of a ballerina by Degas works (valued at $ 35 million) and a portrait of Marie -Therese Walter by Picasso (estimate 12-18 million). Neither the one nor the other impressions on the collectors are not made.
The last time the dancer by Degas changed hands at public auction in 2000: then paid for it 7.7 million pounds (11.6 million). The work was cast after his death. In the meantime, the highest price for a bronze cast, made after the death of Degas, at $ 13.3 million (February 2009).
«Estimeyty were too aggressive. I wish I could blame it on the financial markets ", - said the international head of Impressionist and Modern Christie's Thomas Seydoux.
Yesterday's setback Christie's was a little lighter than similar trades November 6, 2008 year: then, seven weeks after the collapse of Lehman Brothers, with no buyers were 44 percent of lots.
Nobody liked the picture even Henri Matisse "The figure at the window in a lavender gown east" for the 4 - 6 million dollars from the collection of Hollywood's Lew Wasserman kinooligarha. Without a new owner and remains uneven Giacometti sculpture "Venetian" for 10-15 million dollars.
most successful deal in the evening was the sale of the Surrealist paintings of Max Ernst's "Stolen Mirror" 1941: the hammer price reached 16.3 million dollars at the top estimeyte 6 million. This phantasmagoric landscape of the central composition of snakes, birds, mice, beset a female figure, has become the most expensive work of Ernst, which was sold at public auction.
| Christie's. 01.11.2011 Estimate: 4-6 million dollars Result: 16.3 million dollars Source: |
total of Surrealism reached four of the top ten results at yesterday's auction Christie's. Picture "Hands" (1941) Belgian surrealist Paul brush brought Delvaux exposed it to the museum MoMA 6.6 million dollars (just over 6 million low estimate). A work of Rene Magritte balancing an open umbrella, a glass of water was sold for 10.2 million dollars (the lower estimate was 9 million ).
three sculptures from the collection of Aristide Maillol billionaire John Kluge, brought $ 3.4 million (estimate: 2.5-3.6 million). Proceeds from sales will go to Columbia University.
«The market is now more thoughtful about the price and cost, but the outstanding works are always ready to accept" - believes the New York art dealer Phyllis Hattis (Phyllis Hattis).
Prepared by Mary Onuchina, AI
Sources : artinvestment.ru
Permanent link to:
https://artinvestment.ru/en/news/auctnews/20111102_chrisites_impressionists.html
https://artinvestment.ru/news/auctnews/20111102_chrisites_impressionists.html
© artinvestment.ru, 2024
Attention! All materials of the site and database of auction results ARTinvestment.RU, including illustrated reference information about the works sold at auctions, are intended for use exclusively for informational, scientific, educational and cultural purposes in accordance with Art. 1274 of the Civil Code. Use for commercial purposes or in violation of the rules established by the Civil Code of the Russian Federation is not allowed. ARTinvestment.RU is not responsible for the content of materials submitted by third parties. In case of violation of the rights of third parties, the site administration reserves the right to remove them from the site and from the database on the basis of an application from an authorized body.
