Art Investment

Canvas by Claude Monet sold for 19.7 million pounds at Sotheby's

A total auction of Impressionist and Modern Sotheby's on June 19 brought 106 million pounds. In addition to the Venetian landscape Monet's "Palazzo Contarini" top lots include works by Picasso and Mondrian. Set a record for a w

June 19 evening London auction Sotheby's Impressionist and Modern yielded 105.9 million pounds, more than the total estimate 74-104 million pounds. Had been sold for 82%of the lots (58 works from 71), and the money the result reached 90.8%. Top lot was a painting by Claude Monet "The Palazzo Contarini" (1908). View of Venetian palace, is estimated at 15-20 million pounds, was eventually bought for 19.7 million pounds.

five members argued for "Composition with Red, Yellow and Blue" (1927 ) Piet Mondrian. As a result of the work exceeded the estimate of 4.5-6.5 million pounds and got a phone buyer for 9.3 million pounds.

About half exposed at Sotheby's lots going on from two private collections - Dr. Branco Weiss (Branco Weiss) and millionaire Stanley J. Seeger (Stanley J. Seeger). Lots of first collection brought a total of 15.9 million pounds. Branco Weiss, in particular, once owned by the work Vasily Kandinsky «Plexus" (1927), which established a new auction record for the artist's works on paper. Work with an estimate of 600-800 thousand pounds in the end bought for 1.65 million pounds (2.6 million dollars). Six of Picasso's works from the collection of Stanley J. Seeger, sold for 6.3 million pounds, which is almost double their total lower estimate 3.2 million pounds.

also went under the hammer all 13 proposed sculptures, total revenue from the sale amounted to 16 million pounds. Sculpture of Camille Claudel's "Waltz. The first version of "prices reached a record 5.1 million pounds (estimate 1,5-2 million pounds), the work of Henry Moore sold for 3.55 million pounds (estimate 1,3-2 million pounds), and work of Barbara Hepworth - for 386 , 5000 (estimate 50-70 thousand pounds).

next major auction Sotheby's ( works of postwar and contemporary art ) will be held in London next week.

Prepared by Mary Onuchina, AI

Source : Press Release Sotheby's


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