News

Christie's Impressionist and Modern Art Evening Sale held in London on June 24, 2009 realized £37,095,100 / $60,427,917 / €43,438,362 selling 84% by value and 68% by lot.

Giovanna Bertazzoni, Director and Head of Impressionist and Modern Art, Christie's London said: “During the last 6 months, our auctions of Impressionist and Modern Art in London, Paris and New York have produced consistently solid results and this evening's sale confirms that collectors, both new and established, have confidence buying works by established artists in this category. We see consistent demand throughout and overall the prices of individual works remain stable. At the top end of the market we continue to see strong interest and bidding as collectors seize opportunities to acquire rare and beautiful works of art.”

The top price was paid for Au Parc Monceau, 1878, by Claude Monet (1840-1926), an important painting from the vintage years of Impressionism which realised £6,313,250 / $10,284,284 / €7,392,816. It had been sold at auction only once before when it realised £3.7 million in June 2001 in London. At this evening's auction, 2 works of art sold for over £5 million / 9 for over £1 million. Buyers (by lot / by origin) were 83% UK and Europe, 14% Americas and 3% Asia.

Further leading highlights of the sale included: Painting, 1949, by Joan Miró (1893-1983), one of an outstanding group of pictures described as being among the most important of the artist's career which sold for £3,961,250 / $6,452,876 / €4,638,624  against a pre-sale estimate of £2.2 million to £2.8 million.

Two large, bold works from the 1960s by Pablo Picasso (1881-1973); Homme à l'épée, 1969, which was last sold at Christie's London in February 2005 for £2.7 million, and which realised £5,753,250 / $9,372,044 / €6,737,056 at this evening's auction (estimate: £5 million to £7 million), and Nu assis et joueur de flûte, 1967, which realised £3,401,250 / $5,540,636 / €3,982,864 (estimate: £3 million to £4 million).

Springende Pferde, 1910, by Franz Marc (1880-1916), an exciting breakthrough painting in which the artist embraces the influences of the avant gardes of the period, which was offered at auction for the first time and which sold for £3,737,250 / $6,087,980 / €4,376,320 (estimate: £3 million to £4 million).

Elsewhere in the sale, Hélène by Alexej von Jawlensky (1864-1941) sold for £1,721,250 / $2,803,916 / €2,015,584; Mohn by Emil Nolde (1867-1956) realized £1,273,250 / $2,074,124 / €1,490,976, and Composition by Fernand Léger (1881-1955) sold for £1,217,250 / $1,982,900 / €1,425,400.

Further highlights included Buste de Diego sur tige, a bronze by Alberto Giacometti (1901-1966) which sold for £1,026,850 / $1,672,739 / €1,202,441 (estimate: £750,000 to £950,000) and Mont-roig, le pont, an important early landscape by Joan Miró (1893-1983) which was painted in 1917 near his family home in Catalonia and which sold for £541,250 / $881,696 / €633,804 (estimate: £400,000 to £600,000).

Impressionist and Modern Art Evening Sale

London – Tuesday, 23 June 2009

Sale no: 7735 – Top Ten

[All sold prices include buyer's premium]

Lot	Description	Estimate (£)	Purchase Price	Buyer
6	Claude Monet (1840-1926), Au Parc Monceau, 1878	3,500,000 - 4,500,000	£6,313,250 $10,284,284 €7,392,816	Anonymous
29	Pablo Picasso (1881-1973), Homme à l'épée, 1969	5,000,000 - 7,000,000	£5,753,250 $9,372,044 €6,737,056	European Trade
14	Joan Miró (1893-1983), Peinture (Femme se poudrant), 1949	2,200,000 - 2,800,000	£3,961,250 $6,452,876 €4,638,624	European Trade
11	Franz Marc (1880-1916), Springende Pferde, 1910	3,000,000 - 4,000,000	£3,737,250 $6,087,980 €4,376,320	European Private
34	Pablo Picasso (1881-1973), Nu assis et joueur de flûte, 1967-1967	3,000,000-4,000,000	£3,401,250 $5,540,636 €3,982,864	Anonymous
15	Alexej von Jawlensky (1864-1941), Hélène, 1911	1, 600,000- 2,400,000	£1,721,250 $2,803,916 €2,015,584	European Private
12	Emil Nolde (1867-1956), Mohn,  1950	1,200,000 - 1,600,000	£1,273,250 $2,074,124 €1,490,976	Anonymous
30	Fernand Léger (1881-1955), Composition, 1946	1,200,000-1,600,000	£1,217,250 $1,982,900 €1,425,400	Anonymous
31	Alberto Giacometti (1901-1966), Buste de Diego sur tige, circa 1952, this bronze version cast in 1981	750,000 - 950,000	£1,026,850 $1,672,739 €1,202,441	Anonymous
45	Max Ernst (1891-1976), Les sirènes chantent quand la raison s'endort, 1960	850,000 - 1,000,000	£881,250 $1,435,556 €1,031,944

 

Christie's Impressionist and Modern Art Evening Sale held in London on June 24, 2009 realized £37,095,100 / $60,427,917 / €43,438,362 selling 84% by value and 68% by lot.

 

Giovanna Bertazzoni, Director and Head of Impressionist and Modern Art, Christie's London said: “During the last 6 months, our auctions of Impressionist and Modern Art in London, Paris and New York have produced consistently solid results and this evening's sale confirms that collectors, both new and established, have confidence buying works by established artists in this category. We see consistent demand throughout and overall the prices of individual works remain stable. At the top end of the market we continue to see strong interest and bidding as collectors seize opportunities to acquire rare and beautiful works of art.”

 

The top price was paid for Au Parc Monceau, 1878, by Claude Monet (1840-1926), an important painting from the vintage years of Impressionism which realised £6,313,250 / $10,284,284 / €7,392,816. It had been sold at auction only once before when it realised £3.7 million in June 2001 in London. At this evening's auction, 2 works of art sold for over £5 million / 9 for over £1 million. Buyers (by lot / by origin) were 83% UK and Europe, 14% Americas and 3% Asia.

 

Further leading highlights of the sale included: Painting, 1949, by Joan Miró (1893-1983), one of an outstanding group of pictures described as being among the most important of the artist's career which sold for £3,961,250 / $6,452,876 / €4,638,624  against a pre-sale estimate of £2.2 million to £2.8 million.

 

Two large, bold works from the 1960s by Pablo Picasso (1881-1973); Homme à l'épée, 1969, which was last sold at Christie's London in February 2005 for £2.7 million, and which realised £5,753,250 / $9,372,044 / €6,737,056 at this evening's auction (estimate: £5 million to £7 million), and Nu assis et joueur de flûte, 1967, which realised £3,401,250 / $5,540,636 / €3,982,864 (estimate: £3 million to £4 million).

 

Springende Pferde, 1910, by Franz Marc (1880-1916), an exciting breakthrough painting in which the artist embraces the influences of the avant gardes of the period, which was offered at auction for the first time and which sold for £3,737,250 / $6,087,980 / €4,376,320 (estimate: £3 million to £4 million).

 

Elsewhere in the sale, Hélène by Alexej von Jawlensky (1864-1941) sold for £1,721,250 / $2,803,916 / €2,015,584; Mohn by Emil Nolde (1867-1956) realized £1,273,250 / $2,074,124 / €1,490,976, and Composition by Fernand Léger (1881-1955) sold for £1,217,250 / $1,982,900 / €1,425,400.

 

Further highlights included Buste de Diego sur tige, a bronze by Alberto Giacometti (1901-1966) which sold for £1,026,850 / $1,672,739 / €1,202,441 (estimate: £750,000 to £950,000) and Mont-roig, le pont, an important early landscape by Joan Miró (1893-1983) which was painted in 1917 near his family home in Catalonia and which sold for £541,250 / $881,696 / €633,804 (estimate: £400,000 to £600,000).

Impressionist and Modern Art Evening Sale

London – Tuesday, 23 June 2009

Sale no: 7735 – Top Ten

[All sold prices include buyer's premium]

 

*Sold:	£37,095,100	$60,427,918	€43,438,362
Lots Sold:  30	Lots Offered: 44	Sold by Lot: 68%	Sold by £: 84%
Exchange Rate£:= $1.629 /  €1.171

 

 

Lot	Description	Estimate (£)	Purchase Price	Buyer
6	Claude Monet (1840-1926), Au Parc Monceau, 1878	3,500,000 - 4,500,000	£6,313,250 $10,284,284 €7,392,816	Anonymous
29	Pablo Picasso (1881-1973), Homme à l'épée, 1969	5,000,000 - 7,000,000	£5,753,250 $9,372,044 €6,737,056	European Trade
14	Joan Miró (1893-1983), Peinture (Femme se poudrant), 1949	2,200,000 - 2,800,000	£3,961,250 $6,452,876 €4,638,624	European Trade
11	Franz Marc (1880-1916), Springende Pferde, 1910	3,000,000 - 4,000,000	£3,737,250 $6,087,980 €4,376,320	European Private
34	Pablo Picasso (1881-1973), Nu assis et joueur de flûte, 1967-1967	3,000,000-4,000,000	£3,401,250 $5,540,636 €3,982,864	Anonymous
15	Alexej von Jawlensky (1864-1941), Hélène, 1911	1, 600,000- 2,400,000	£1,721,250 $2,803,916 €2,015,584	European Private
12	Emil Nolde (1867-1956), Mohn,  1950	1,200,000 - 1,600,000	£1,273,250 $2,074,124 €1,490,976	Anonymous
30	Fernand Léger (1881-1955), Composition, 1946	1,200,000-1,600,000	£1,217,250 $1,982,900 €1,425,400	Anonymous
31	Alberto Giacometti (1901-1966), Buste de Diego sur tige, circa 1952, this bronze version cast in 1981	750,000 - 950,000	£1,026,850 $1,672,739 €1,202,441	Anonymous
45	Max Ernst (1891-1976), Les sirènes chantent quand la raison s'endort, 1960	850,000 - 1,000,000	£881,250 $1,435,556 €1,031,944