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GOOD RESULTS FOR CHRISTIE'S IN NEW YORK
05 May 2011
Catégorie : MARKET

Christie's Impressionist & Modern Art Evening Sale on May 4, 2011 achieved $155,995,500 (£93,597,300/€104,516,985), demonstrating the continuing appeal of this category among collectors worldwide. Three works sold for over the US$20 million mark, and two new artist records were set for the Fauve artist Maurice de Vlaminck and the neo-Impressionist artist Maximilien Luce. In total, sell-through percentages were strong, with 82% sold by lot and 81% by value.

 The top lot of the sale week for any auction house was Claude Monet's Les Peupliers, one of the most celebrated of the artist's great series of works from his years in Giverny. Painted en plein air during the summer of 1891, the work is the largest of the artist's paintings devoted to a picturesque arrangement of poplar trees. Offered in pristine condition from an important private collection, the painting sold for $22,482,500 (£13,489,500/€15,063,275) to a private American collector. The painting was last sold at Christie's in 2000 for $7 million – a three-fold increase in value just over 10 years.

“These results demonstrate the lasting appeal of great works in this global marketplace. Impressionist and colorist works performed very well, as did Modern and Surrealist works from important private collections. It was fascinating to see this marked increase in value play out across multiple genres during this sale, from Monet's Poplars, to the record-breaking Vlaminck landscape, Paysage de Banlieue, which sold for $6.8 million in 1994 and went on to achieve more than $22.5 million in our saleroom tonight,” said Marc Porter, Chairman of Christie's Americas.

In addition to the top-selling lots by Monet and Vlaminck, Pablo Picasso's Les femmes d'Alger, version L, from the artist's groundbreaking 1955 series of 15 paintings, fetched $21,362,500 (£12,817,500/€14,312,875). Maintained in a private collection for over 50 years, the painting was purchased by an anonymous bidder.

Overall, three lots sold above $20 million, four lots sold above $10 million, and 19 lots sold above $1 million. Buyers (by lot / by origin) were 47% European, 36% American, 4% Asian and 13% other. Eleven different countries were represented, with 70 clients bidding by phone.

 

 

Impressionist and Modern Evening Sale

New York – Wednesday, May 4, 2011

Sale no: 2437 – Top Ten

[All sold prices include buyer's premium] Sold:

$155,995,500

£93,597,300

€104,516,985

Lots Sold: 47

Lots Offered: 57

Sold by Lot: 82%

Sold by $: 81%

Exchange Rate: £ = $1.66 / € = $1.49

 Lot

Description

Estimate ($)

Purchase Price

Buyer

16

Claude Monet (1840-1926), Les Peupliers, oil on canvas, painted in 1891

20,000,000-30,000,000

$22,482,500

£13,489,500

€15,063,275

U.S. Private

25

Maurice de Vlaminck (1876-1958), Paysage de banlieue, oil on canvas, painted in 1905

WORLD AUCTION RECORD FOR THE ARTIST

18,000,000- 25,000,000

$22,482,500

£13,489,500

€15,063,275

Acquavella LLC

32

Pablo Picasso (1881-1973), Les femmes d'Alger, version L, oil on canvas, painted on 9 February 1955

20,000,000-30,000,000

$21,362,500

£12,817,500

€14,312,875

Anonymous

29

Henri Matisse (1869-1954), La fenêtre ouverte, oil over pencil on canvas, 1911

8,000,00-12,000,000

$15,762,500

£9,457,500

€10,560,875

European Private

9

Pablo Picasso (1881-1973), Homme au mouton, steel cutout with black crayon, executed in Cannes, 1961, unique

4,000,000-6,000,000

$7,138,500

£4,283,100

€4,782,795

Anonymous

22

Pierre Bonnard (1867-1947), Le petit déjeuner, oil on canvas, painted in 1936

6,000,000-9,000,000

$6,242,500

£3,745,500

€4,182,475

U.S. Private

55

Fernand Léger (1881-1955), Le Compotier (Nature morte), oil on canvas, painted in 1925

3,500,000-4,500,000

$5,122,500

£3,073,500

€3,432,075

European Private

12

Giorgio De Chirico (1888-1978), Ettore e Andromaca, tempera on canvas, painted in 1923

5,000,000-7,000,000

$4,786,500

£2,871,900

€3,206,955

Anonymous

26

Pablo Picasso (1881-1973), Femme assise au chapeau, oil on canvas, painted on 1 January 1961

3,000,000-4,000,000

$4,338,500

£2,603,100

€2,906,795

Trade

21

Maximilien Luce (1858-1941), Notre-Dame de Paris, oil on canvas, painted in 1900

WORLD AUCTION RECORD FOR THE ARTIST

2,000,000-3,000,000

$4,226,500

£2,535,900

€2,831,755

European Private

 

 

 

 

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