Art Investment

At the auction of Impressionist and Modern Sotheby's works by Klimt and Dali were no buyers

London auction brought the company $ 125 million, was sold 77 percent of lots

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Yesterday's London auction of Impressionist and Modern Sotheby's brought the company's 78,893,650 pounds (125 504,018 USD /EUR 94,491,096) - an amount close to the lower estimate of trading (79-113,3 million pounds). Participants were moderately active, and two interesting expensive lot - of work by Gustav Klimt (Gustav Klimt), and Salvador Dali (Salvador Dali) - due to excessive estimeytov left without buyers, said Scott Rayburn (Scott Reyburn), the browser Bloomberg.

recently discovered painting by Klimt 1901 "Birches on the Lake" was estimated at 7-10 million pounds. Estimate 1946 brush paintings of Salvador Dali's "Oasis" was 4-6 million pounds. Despite the fact that a lot of spectacular works of Impressionist and Modern goes under the hammer for a decent amount, less vivid works of this period are inferior in popularity over prestigious and fashionable segment of contemporary art, which prefer to invest serious investors - both Dali and treats failure Klimt Rayburn.

«The quality of inferior works at auction Christie's, - says art consultant London Hector Paterson (Hector Paterson), - but that was greatly overestimated. For example, a very high price has been on the dismal work of Klimt. "In fact, judging by the results of similar auction Christie's, held on Tuesday ( they brought the company 135 million pounds ), so decided to most buyers.

Shadow Klimt landscape depicting the shores of Lake Attersee had not appeared at auction. painting was bought by a German banker Richard Koenigs (Richard Koenigs) in 1902 after its display at the exhibition of the Vienna Secession XIII and has since belonged to the family banker. Although the work is left without a buyer at public auction, almost immediately after their graduation, she was sold privately for 5,641,250 pounds (8,974,100 dollars /6,756,525 euros), the press service of Sotheby's.

Gustav Klimt
birches on the shore of the lake. 1901
Source: bloomberg.com
OTTO DIX
electric tram. In 1919
Source: bloomberg.com

Interestingly, estimate the work of Dali - Surrealist images of Apollo and Venus on the background of the desert landscape - consumers found it overpriced even though, in recent times the price of the product Spaniard rose: last February at London's Sotheby's auction, entitled "A closer look: private collection» « Portrait of Paul Eluard "(1929) earned a record for the most surreal Dali and the direction of the amount - 13.5 million pounds.

« estimate was too high, - said in an interview with Bloomberg, Morgan Long (Morgan Long), head of the London Investment Fund of Fine Arts (Fine Art Fund). - Now there is a backlash on the prices achieved by Dali in 2011. Every artist has his finest hour: Daly is not the most popular character ».

record price in the evening belongs to the snow-covered landscape by Claude Monet (Claude Monet) 1885" At the entrance to Giverny in Winter "(estimate: 4.5-6.5 million pounds). Work in 1924 was in private collections and never before appeared at auction. work was provided by a third party guarantee and earned 8,217,250 pounds (13,072,001 dollars /9,841,818 euros), becoming the most expensive to date winter landscape by Monet.

SALVADOR Salvador Dali
Oasis. 1946
Source: artinfo.com
Claude Monet
Entry at Giverny in the winter. In 1885
Source: artinfo.com

One of the recent landscape of Dresden by Ernst Ludwig Kirchner (Ernest Ludwig Kirchner), «bosquet on Alberplatts in Dresden "(1911), exposed for sale with an estimate of 5-7 million pounds, was sold for 7,321,250 pounds (11,646,644 dollars /8,768,677 euros). painting by Georges Braque (Georges Braque)« The Olive Grove "(1907 ) went almost twice as expensive as the estimate (2.3 million pounds) for 5,081,250 pounds (8,083,252 dollars /6,085,824 euros). This rare work - a vivid illustration of the artistic coup of Fauvism in the early XX century.

With a large excess of estimate and the picture was sold to the German expressionist Otto Dix (Otto Dix) «Electric Tram" (1919), an oil with collage elements. This sketch of urban life, written under the influence of Dada yesterday, first appeared at auction, was previously estimated at 0.7-1 million pounds and sold to a buyer, a seller on the phone, for 2,953,250 pounds (4,698,030 dollars /3,537,114 euros). in the hall at her London dealer claimed Neiji Richard (Richard Nagy).

It should be noted and a number of transactions made at the last auction.

Author

name, date

estimate, millions of pounds

results

GBP

Dollars

Euro

Fernand Leger (Fernand Léger)

Girl the stairs (1940)

3,8-4,5

3961250

6301556

4744398

Edouard Vuillard (Edouard Vuillard )

dressmaker (1890)

3-5

3401250

5410708

4073685

Henry Moore

Reclining the figure number 2. Tripartite Bridge-prop

1,5-2,5

3289250

5232539

3939542

Emil Nolde (Emil Nolde)

Flowers in the Garden (1908)

2-3

2057250

3272670

2463973

Alexei Jawlensky

girl with a red ribbon (1911)

3-5

3065250

4876200

3671257

Despite the failure of Dali's surrealist string showed good results: 14 products sold by the auction house brought to 16.083 million pounds (the average lot price of this group amounted to 1,340,250 pounds).

Author

name, date

estimate, millions of pounds

results

Pounds

Bucks

Euro

Giorgio de Chirico (Giorgio de Chirico)

Hector and Andromache (1925-1930)

2,8-4

2841 250

4519860

3402971

Yves Tanguy (Yves Tanguy)

Double Black (1941 )

2-3

2505250

3000543

3985352

Max Ernst (Max Ernst)

thirst Comedy (1941)

1,2-1,8

1609250

2559995

1927402

Rene Magritte (René Magritte)

Remembering journey (1962-1963)

1,5-2

1609250

2559995

1927402

As a result, the auction house was able to sell the 41 (76.9 percent) of the 53 lots (equivalent to 76 percent in value terms). Average price of sold lots amounted to 1,922,870 pounds. lots have been sold to 25 million pounds more, 34 - more expensive than a million dollars. A similar auction last year brought the company a smaller amount - 68.8 million pounds.

Prepared by Mary Estrova, AI

Source: artdaily.com , artinvestment.ru


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