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The overall evolution is significant though not spectacular as prices have been analysed in parallel with the average growth in standard living estimated to have been multiplied by ten since 1970.

As a result bids fetched for certain works during the 1960s and early 1970s tend to show that not everything has followed the upward trend spectacularly, notably watercolours by Vlaminck, Cross, Herbin or Utrillo and oils by Lucie Cousturier, Paul Madeline, Pierre Laprade or Albert Lebourg.

We have analysed prices recorded in two sales in Versailles, west of Paris, on June 9th 1971 and June 2nd and 3rd 1965, which included several major paintings and watercolours produced by some modern art masters. Such analysis thus gives a most interesting insight on the development of the art market and shows that good works are becoming more and more expensive due to the fact that they are harder to find. Buyers in 1965 and 1971 did not know how lucky they were to acquire fine pieces at reasonable prices...

All prices listed in this article did not include a buyer's premium of some 13,6%.

Results of 1971:

Anquetin Louis (French) (1861-1932): «Portrait of Toulouse-Lautrec», around 1885-1890, oil on canvas, 41 x 32.5 cm: 11 000 FF (US $ 1527). Probable price today: Between $ 25,000 and 35,000. Up ++
«Portrait of a woman assumed to be La Goulue», oil on canvas, 37 x 27 cm: 3900 FF (US $ 541). Probable price today: Between $ 5,000 and 8,000. Even.

Bonnard Pierre (French) (1867-1947) : «Maison de Missia Sert, A Grasse, 1912», oil on canvas, 81 x 123 cm: 155 000 FF (US $ 21,525). Probable price today: Between $ 280,000 and 370,000. Up

Camoin Charles (French) (1879-1965): «Paysage Provençal», pastel, 19 x 24.8 cm: 6000 FF (US $ 833). Probable price today: Between $ 4,000 and 6,000. Down
«Still-life with a bottle», oil on panel, 45.8 x 38 cm: 19 000 (US $ 2635). Probable price today: Between $ 28,000 and 35,000. Even+
«La Table Fleurie devant les champs», oil on canvas, 42 x 55 cm: 13 000 FF (US $ 1800). Probable price today: Between $ 22,000 and 27,000. Up

Courbet Gustave (French) (1819-1877): «Springs of thye La Loue river»,
oil on canvas, 1865, 65 x 81 cm:
80 500 (US $ 11,180). Probable price today:
Between $ 130,000 and 160,000. Even.

Cousturier Lucie (French) (1870-1925): «Les Pins surplombant la Mer», oil on canvas, 54 x 81.4 cm: 16 000 FF (US $ 2,220). Probable price today: Between $ 7,000 and 10,000. Down - -

Dominguez Oscar (Spanish) (1906-1958): «Le Couple au Diabolo», 1937, oil on canvas, 46 x 38 cm: 18 000 FF (US $ 2,500). Probable price today: Between $ 35,000 and 40,000. Up

Dubois-Pillet Albert (French) (1845-1890): «The Marne River in Meaux, Morning», oil on canvas, 28.5 x 37.7 cm: 40 000 FF (US $ 5,550). Probable price today: Between $ 40,000 and 55,000. Even

Dufy Raoul (French) (1877-1953): «Les Courses à Ascot», circa 1932, watercolour on paper, 46.5 x 63 cm: 50 000 FF (US $ 6945). Probable price today: $ 70,000. Even
«Castle in a Park», watercolour on paper, 49 x 64 cm: 27 500 FF (US $ 3820).
Probable price today: Between $ 40,000 and 50,000. Even
«Le Moulin de Tersac», watercolour, 49.5 x 65.5 cm: 47 000 FF (US $ 6525). Probable price today: Between $ 50,000 and 65,000. Even
«London and the Thames River», watercolour on paper, 49 x 62 cm: 40 000 FF (US $ 5555). Probable price today: Between $ 65,000 and 80,000. Up

Gernez Paul-Elie (French) (1888-1948): «Elegant women on the Beach at trouville», gouache and pastel, 36.5 x 59.5 cm: 12 500 FF (US $ 1,735). Probable price today: Between $ 9,000 and 12,000. Down - -

Guillaumin Armand (French) (1841-1927): «Boys bathing in Crozant», oil on canvas, circa 1905, 72 x 91 cm: 38 500 FF (US $ 5,345). Probable price today: Between $ 45,000 and 50,000. Even
«Le Chemin de Lou Gaou, 1911, oil on canvas, 65 x 81 cm: 55 000 FF (US $ 7,635). Probable price today: Between $ 65,000 and 75,000. Even
«La Crique Bleue et les Roches Rouges», 1907, oil on canvas, 65.5 x 92.5 cm:
38 000 FF (US $ 5,275). Probable price today: Between $ 40,000 and 50,000. Even

Herbin Auguste (French) (1882-1960): «Composition», 1917, 46.5 cm diam.: 22
500 FF (US $ 3125). Probable price today: Between $ 6,000 and 9,000. Down-
«Tulipes et Colchiques», oil on canvas, 60.8 x 38 cm: 11 500 FF (US $ 1,595). Probable price today: $ 18,000 and 22,000. Even

Lapicque Charles (French) ( 1898-1988): «Boats in a Harbour», oil on cardboard, 53.5 x 38.5 cm: 8900 FF (US $ 1,235). Probable price today: Between $ 13,000 and 18,000. Even.

Laprade Pierre (French) (1875-1932): «Fleurs et bas-relief», oil on canvas, 96.5 x 79 cm: 45 000 FF (US $ 6250). Probable price today: Between $ 5,000 and 8,000. Down ---
«Harlequin in a Park», oil on canvas, 70 x 40 cm: 27,500 FF (US $ 3,815). Probable price today: Between $ 5,000 and 6,500. Down - -

Laurencin Marie (French) (1885-1956): «Woman with a white necklace», oil on canvas, 1938, 65 x 50 cm: 76 000 FF (US $ 10,555). Probable price today: Between $ 75,000 and 100,000. Even
«Young girl with a yellow scarf», watercolour, 41.5 x 33.5: 13 500 FF (US $ 1875). Probable price today: Between $ 15,000 and 20,000. Even
«Self-Portrait», circa 1905, oil on panel, 39.5 x 30 cm: 5700 FF (US $ 791). Probable price today: Between $ 15,000 and 18,000. Up++
«Young Girl Seated», 1936, oil on canvas, 81 x 65 cm: 88 000 FF (US $ 12,220). Probable price today: Between $ 85,000 and 110,000. Even
«Les Trois Jeunes Filles», oil on panel, 18.5 x 26 cm: 6500 FF (US $ 900). Probable price today: Between $ 13,000 and 17,000. Up +
«Danseuses et cavalières», 1927, watercolour, 25 x 37 cm: 18 500 FF (US $ 2,565). Probable price today: Between $ 14,000 and 18,000. Down -

Laurens Henri (French) (1885-1954): Composition, 1918, collage, 27 x 40 cm:
23 000 FF (US $ 4,165). Probable price today: Between $ 30,000 and 36,000. Down

Lebourg Albert (French) (1849-1928): «The Seine River near Rouen», oil on canvas, 39.5 x 72.5 cm: 43 000 FF (US $ 5970). Probable price today: Between $ 22,000 and 27,000. Down -
«The Bridge of Suresnes, Fall», circa 1932, 46.5 x 63 cm: 50 000 FF ( US $ 6,940). Probable price today: Between $ 30,000 and 40,000. Down - -

Lhote André (French) (1885-1962): «Two nude women by a window facing a harbour», 1910, oil on canvas, 90 x 130 cm: 20 000 FF (US $ 2,775). Probable price today: Between $ 65,000 and 75,000. Up +++

Madeline Paul (French) (1863-1920): «The red sails», 54 x 65 cm: 13 000 FF (US $ 1,805). Probable price today: Between $ 7,000 and 8,500. Down - -

Marquet Albert (French) (1875-1947): «La colline fleurie dominant Alger», oil on panel, 32.5 x 41 cm: 32 500 FF (US $ 4,510). Probable price today: Between $ 36,000 and 42,000. Even
«La Seine à la Frette, oil on panel, 32.5 x 41.2 cm: 47 000 FF (US $ 6,525). Probable price today: Between $ 45,000 and 55,000. Even

Martin Henri (French) (1860-1943): «La Mer à Collioure», oil on canvas, 54.5 x 94.5 cm: 14 000 FF (US $ 1945). Probable price today: Between $ 40,000 and 60,000. Up +++
«Poplars near a stream», oil on canvas, 80.5 x 60 cm: 36 200 FF (US $ 5025). Probable price today: Between $ 100,000 and 140,000. Up +++

Maufra Maxime (French) (1861-1918): «Landscape in Brittany», oil on canvas, 65 x 81 cm: 14 500 (US $ 2013). Probable price today: Between $ 14,000 and 20,000. Even
«Pont Aven», 1890, oil on canvas, 41 x 72 cm: 20 000 FF (US $ 2775). Probable price today: Between $ 28,000 and 36,000. Even

Montézin Pierre (French) (1874-1946): «Peupliers (Poplars) en Transparence», oil on canvas, 54 x 65 cm: 7500 FF (US $ 1041). Probable price today: Between $ 24,000 and 30,000. Up +++

Moreau Gustave (French) (1826-1898): «Salome», watercolour, 35.5 x 17.5 cm: 100,000 FF (US $ 13,880). Probable price today: Between $ 100,000 and 125,000. Even

Moret Henri (French) (1856-1913): «Sunset in Doelan», 1896, oil on canvas, 65.5 x 54.5 cm: 13 000 FF (US $ 1805). Probable price today: Between $ 28,000 and 40,000. UP ++

Pascin Julius (Bulgarian) (1885-1930) : «Cuban Family», watercolour, 18 x 30.5 cm: 9500 FF (US $ 1318). Probable price today: Between $ 2,000 and 3,000. Down--

Pinchon Robert (French) ( 1886-1943): «The Harbour of Rouen», two oil on canvas, 239 cm x 190 cm: 14 000 FF (US $ 1944). Probable price today: Between $ 25,000 and 35,000. Up +

Raffaelli Jean-François (French) (1850-1924): «Village Provençal», oil on cardboard, 26.8 x 21.8 cm: 4800 (US $ 666). Probable price today: Between $ 11,000 and 15,000. Up ++
«Village by the River», oil on cardboard, 64.5 x 84 cm: 27 500 FF (US $ 27,490). Probable price today: Between $ 35,000 and 45,000. Up

Renoir Pierre-Auguste (French) (1841-1919) : «Yachts in the harbour of Marseilles», circa 1890, oil on canvas, 15.3 x 32.6 cm: 142 000 FF (US $ 19,720). Probable price today: Between $ 230,000 and 275,000. Up

Rysselberghe Théo van (Belgian) (186é-1926): «Le Jardin Fleuri», oil on canvas, 163 x 130 cm: 25 000 FF (US $ 3,470). Probable price today: Between $ 78,000 and 95,000. Up ++

Utrillo Maurice (French) (1883-1955): «The Church of Auvers-sur-Oise», gouache, 45 x 34.5 cm: 55 000 FF (US $ 7,635). Probable price today: Between $ 25,000 and 30,000. Down ---

Valadon Suzanne (French): «La brune et la Rousse», 1919, pastel, 37 x 39.5 cm: 8000 FF (US $ 1110). Probable price today: Between $ 14,000 and 17,000. Up

Vallotton Felix (Swiss) (1865-1925): «Sous-bois, terrain feuilles sèches», 1918, oil on canvas, 81 x 65 cm: 13 200 FF (US $ 1830). Probable price today: Between $ 45,000 and 60,000. Up +++

Valtat Louis (French) (1869-1952): «Flowers in a green ewer», 55 x 38 cm: 38 500 FF (US $ 5,345). Probable price today: Between $ 35,000 and 50,000. Even

Vlaminck Maurice de (French) (1876-1958): «Le Bois de Rueil», gouache, 36 x 44.7 cm: 44 100 FF (US $ 6125). Probable price today: Between $ 13,000 and 18,000. Down ---
«Vase of flowers», oil on canvas 46.3 x 55 cm: 75 000 FF (US $ 10,415). Probable price today: Between $ 55,000 and 75,000. Down
«Before the Storm», oil on canvas, 54 x 60 cm: 70 000 FF (US $ 9,720). Probable price today: Between $ 45,000 and 55,000. Down - -

Béraud Jean (French) (1849-1936): «The Blue handkerchief», dated 74, 73.5 x 44.5 cm: 10 200 FF (US $ 1,410). Probable price today: Between $ 95,000 and 120,000. Up +++++

Bonnard Pierre «The Harbour of Cannes and the Estérel», oil on panel, 23 x 16 cm: 52 000 FF (US $ 7,220). Probable price today: Between $ 30,000 and 37,000. Down -
«Still life», oil on canvas, 38 x 55 cm: 25 000 FF (US $ 3,470). Probable price today: Between $ 250,000 and 300,000. Up +++++

Boudin Eugène «Les Voiliers», oil on canvas, 36 x 58 cm: 40 000 FF (US $ 5,550). Probable price today: Between $ 100,000 and 140,000. Up ++

Camoin Charles «Les Pins au bord de la mer», oil on canvas, 73 x 60 cm: 8 000 FF (US $ 1,110). Probable price today: Between $ 27,000 and 30,000. Up +++

Cassatt Mary (American) (1844-1926):
«Young girl witha doll», oil on canvas,
61 x 50 cm: 50 000 FF (US $ 6,940).
Probable price today:
Between $ 550,000 and 700,000 and even more.
Up +++++

Chagall Marc (Russian) (1887-1985): «The crucified painter», 52.8 x 41.2 cm:
45 000 FF (US $ 6,250). Probable price today: Between $ 280,000 and 350,000. Up +++

Courbet Gustave «Sunset on the Beach of Trouville at low tide», oil on canvas, 1865, 19 x 35 cm: 10 000 FF (US $ 1,385). Probable price today: Between $ 35,000 and 50,000. Up +++

Denis Maurice «Nausicaa», oil on canvas dated 1909, 95 x 130 cm: 16 000 Ff (US $ 2,220). Probable price today: Between $ 130,000 and 160,000. Up ++++

Derain André (French) (1880-1954): «Nu Allongé», oil on canvas, 30.5 x 42.2 cm: 12 000 FF (US $ 1,660). Probable price today: Between $ 30,000 and 42,000.
Up +++

Dongen Kees van (Dutch) (1877-1960): «Naked woman against a black background», oil on canvas, 100 x 80.5 cm: 160 000 FF (US $ 22,220). Probable price today: Between $ 500,000 and 700,000. Up ++++
«Woman with a ties», circa 1903, oil on canvas, 65 x 50 cm: 59 000 FF (US $ 8,190). Probable price today: Between $ 180,000 and 230,000. Up +++
«L'Homme au Gibus», oil on canvas, 92 x 73 cm: 126 000 FF ( US $ 17,500). Probable price today: Between $ 375,000 and 450,000. Up ++++
«Guguse, bust of a young girl», oil on canvas dated 1908 on the verso, 33 x 24 cm 31 500 FF (US $ 4,375).
Probable price today: Between $ 100,000 and 130,000. Up ++

Dunoyer de Segonzac André (French) (1884-1974): «Village by a river», watercolour, 53 x 69.5 cm: 38 000 FF (US $ 5,275).
Probable price today: Between $ 15,000 and 20,000. Down - - -

Friesz Emile-Othon (French) (1879-1949): «Landscape in St Leonard, Sarthe region», oil on canvas, 65.5 x 81.5 cm: 23 000 FF (US $ 3,190). Probable price today: Between $ 10,000 and 13,000. Down - -
«The Habour, Antwerp», oil on canvas, Fauve period, 45 x 31 cm: 25 000 FF (US $ 3,470). Probable price today: Between $ 90,000 and 125,000. Up +++

Gernez Paul-Elie «Bouquet of flowers», oil on canvas, 46 x 38 cm: 6 700 FF (US $ 930). Probable price today: Between 5,000 and 5,500. Down - -

Gonzales Eva (French) (1848-1883):
«Portrait of a woman assumed
to be Jeanne Gonzales», oil on canvas,
56 x 46.5 cm: 9 300 FF (US $ 1,290).
Probable price today:
Between $ 30,000 and 45,000.
Up +++

Kisling Moïse: «Nude against a green background», oil on canvas, 54.3 x 73.3 cm: 15 000 FF (US $ 2,080). Probable price today: Between $ 45,000 and 57,000. Up ++
«Seated nude», oil on canvas, 55.5 x 43.5 cm: 14 000 FF (US $ 1,940). Probable price today: Between $ 45,000 and 52,000. Up ++

Lapicque Charles «La Pêche», oil on canvas, 73 x 100 cm: 15 000 FF (US $ 2,080). Probable price today: Between $ 14,000 and 20,000. Down -

Laprade Pierre «Femme appuyée sur des coussins» oil on canvas, 55 x 46 cm: 15 800 FF (US $ 2,190). Probable price today: Between $ 5,500 and 7,000.
Down - - -
«Le Pierrot», oil on canvas, 70 x 40 cm: 8000 FF (US $ 1,110). Probable price today: Between $ 5,000 and 6,500. Down - -

Lebourg Albert «Les Quais et Notre Dame», oil on canvas, 34.5 x 51 cm: 6000 FF (US $ 833). Probable price today: Between $ 18,000 and 24,000. Up ++

Léger Fernand (French) (1881-1955): «Abstract composition», oil on canvas, 1931, 46.3 x 27 cm: 23 000 (US $ 3,190). Probable price today: Between $ 90,000 and 130,000. Up +++

Leprin Marcel (French) (1891-1933): «Picador in the Bullring», oil on canvas, 65 x 92 cm: 7 000 FF (US $ 970). Probable price today: Between $ 14,000 and 18,000. Up

Loiseau Gustave «Paysage à la Cathédrale», oil on canvas, 50.5 x 73.5 cm: 13 600 (US $ 1,880). Probable price today: Between $ 45,000 and 65,000. Up ++++

Manguin Henri (French) (1874-1949): «Saint-Tropez», Fauve Period circa 1906, oil on canvas, 46 x 38 cm: 14 800 FF (US $ 2,055). Probable price today: Between $ 100,000 and 125,000. Up +++

Maufra Maxime «Mer de novembre-Cap de la Chèvre», oil on canvas, 65.5 x 81 cm: 8 000 FF (US $ 1,110). Probable price today: Between $ 35,000 and 43,000. Up ++

Modigliani Amedeo (Italian) (1884-1920): «Portrait of a woman», oil on canvas, 41 x 33.5 cm: 106 000 FF (US $ 14,720). Probable price today: between $ 1,400,000 and 1,800,000. Up +++++
«Portrait of Jean Cocteau», drawing, 40 x 26.5 cm: 10 000 FF (US $ 1,385). Probable price today: Between $ 28,000 and 35,000. Up +

Morisot Berthe (French) (1841-1895): «View of Cimiez taken from the Ratti Villa», 1888, pastel, 43 x 39 cm: 32 500 FF (US $ 4,510). Probable price today:
Between $ 100,000 and 120,000. Up +++

Moret Henri (French): «The Coast of Brittany», oil on canvas, 65.5 x 92 cm: 10 900 FF (US $ 1,510). Probable price today: Between $ 45,000 and 52,000. Up +++

Picabia Francis (French) (1879-1953): «Surrealist Nude», oil on canvas, 92 x 73 cm: 14 500 FF (US $ 2,010). Probable price today: Between $ 50,000 and 65,000. Up +++

Pignon Edouard (French) (1905-1993): «Nude in a landscape», oil on panel, 1953, 103 x 122.5 cm: 7000 FF (US $ 970). Probable price today: Between 27,000 and 35,000. Up ++

Pissarro Camille (French) (1830-1903):
«Young Shepherdess by a Stream»,
gouache, 16.5 x 20.7 cm: 18 800 (US $ 2,610).
Probable price today:
Between $ 40,000 and 65,000. Up +++