Art Investment

The auction collection of Jan Kryuzhe to Christie's. Summary results

The top lot was the painting of Picasso "Claude and Paloma" - it sold for 28.2 million dollars. "Autumn Landscape" Kandinsky was left without a buyer
 PABLO PICASSO
Two children sitting ( Claude and Paloma ) . 1950
Pablo Picasso
Two children sitting ( Claude and Paloma .) 1950
Christie's. 4.11.2013. Lot 17
Estimate: 9-12 million dollars
Source : Press Release Christie's

yesterday at the auction house Christie's in New York have been trading works from the collection of the legendary art dealer John Kryuzhe . sold 44 lots out of 63 of the proposed work ( 70%). auction revenue was 92.5 million with the commission. auction results rather unexpected : a series of works is not the first row exceeded their estimeyty twice - three times , but some are declared to be the top lots things have gone lower than the estimate or even left without buyers .

The most expensive work of the evening sale was the picture of " Claude and Paloma " by Pablo Picasso , previously estimated at 9-12 million. Summary hammer price exceeded the pre-assessment more than doubled to 28.2 million dollars with the auction house commission .

African Mask Baule tribe , who visited once in the collections of Pablo Picasso and Andre Breton, has got a new owner for 1.44 million dollars (estimate 500-800 thousand dollars). Sculpture Picasso's " Cigar " painted wood tripled estimate 200-300 thousand, and was sold for $ 1 million. Another work by Picasso - drawing pencil and ink on paper from the so-called Dinaric album - was sold for $ 3.5 million, exactly 3.5 times higher the lower estimate .

It's a pleasant surprise. now is not the most pleasant facts . Contrary to the expectations of the organizers, did not find buyers , " Autumn Landscape » Wassily Kandinsky ( estimate 20-25 million dollars) , a sculpture by Pablo Picasso's " Head" ( 25-35 million dollars), the sculpture " The Venetian I» Alberto Giacometti ( 9 -12000000 dollars), "the painting with a bird ," Joan Miro ( 8.12 million dollars). Gone are lower than the estimate by Jean -Michel Basquiat "Crisis X" (estimate 3-4 million dollars, the result of 2.8 million ), " Bust Diego turtleneck " Giacometti (estimate 6-9 million dollars, the result of 3.9 million). remains to wonder whether strongly overestimated estimeyty lots .

prepared by Mary Onuchina , AI

Sources : christies.com


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