Skip to main content
  • Editions
    • International
    • China
    • France
    • India
    • Australia
    • United Kingdom
    • Hong Kong
    • Canada
    • Brazil
    • Germany
    • Russia
  • Magazines
    • Art+Auction

      Modern Painters

  • Blogs
  • Videos
  • Photo Galleries
  • Blouin Art Sales Index
  • Gallery Guide
  • Art Sites
  • Boutique
  • Log in

    Not a member?

    Sign up

    Log in

    |Forgot your password?
    OR
    Sign up
  • Sign up
Home
  • Visual Arts
    • Visual Arts Home
    • Contemporary Art
    • Old Masters/Renaissance
    • Impressionism & Modern Art
    • Ancient Arts & Antiques
    • Traditional Arts
    • Museums
    • Reviews
    • Columnists
    • Features
  • Performing Arts
    • Performing Arts Home
    • Film
    • Music
    • Theater & Dance
  • Architecture & Design
    • Architecture & Design Home
    • Design
    • Architecture
  • Artists
  • ART PRICES
  • Market News
    • Market News Home
    • Art Fairs
    • Auctions
    • Collecting
    • Galleries
    • Databank
    • Art & Crime
    • ART PRICES
    • Columnists
  • Style & Society
    • Style Home
    • ART Parties/Scene
    • Fashion
    • Food & Wine
    • Jewelry & Watches
    • Autos & Boats
  • Events
  • Travel
  • Blogs
  • Videos
  • Slideshows
  • Newsletter Sign Up
  • Homepage RSS
  • facebook
  • twitter
  • foursquare
  • tumblr

Search form

International Edition
May 23, 2012 Last Updated: 1:29:PM EDT

Christies Brings Back Confidence

Undefined

Christies Brings Back Confidence

  • Email
  • Print
  • Save
  • Tweet
  • Pin It
Enlarge This Image
by Judd Tully
Published: February 4, 2009

As if the good fairy had sprinkled “buy me” dust in the salesroom, Christie’s Impressionist and Modern sale performed brilliantly by almost any measure on Wednesday, falling nicely within its pre-sale estimates of £58.8–86 million with a total of £63,428,750 ($91,210,543).

Of the 47 lots offered, 39 found buyers, for a crisp buy-in rate of just 17 percent by lot and 12 percent by value.

A weakened pound, trading at its lowest level in years, certainly helped the buoyant atmosphere, as four lots sold for over £5 million, 16 for over £1 million, and 25 for over $1 million.

Europeans accounted for 54 percent of the buyers by lot, followed by Americans at 26 percent, Britons at 18 percent, and Asians at two percent.

The sale didn't stack up to last year’s, when Christie’s tallied £105.4 million against a pre-sale estimate of £89.1–126.2 million, but still, the statistics indicated an unexpectedly healthy market given the dire global economic picture.

The action got off to a cracking start with a suite of four sexy and decorative Kees van Dongen paintings from the same French vendor, enticing bidders as Femme aux deux colliers, from circa 1910, shot to £1,329,250 (est. £300-600,000), with London jewelry magnate Laurence Graff underbidding, and La Cuirasse d’or, another bare-breasted subject, from circa 1907, fetching £2,897,250 (est. £1.5–2.5 million). The latter last sold at auction at Christie’s New York in 1980 for $315,000.

We were going for the van Dongens, but they went sky-high,” said New York dealer Leon Benrimon. “It was a great sale and brought back a lot of confidence to the market.”

Impressionist and Post-Impressionist-era pictures sold well but not compared to previous outings. Paul Gauguins vivid landscape Les dindons, Pont-Aven, from 1888, made £2,057,250/$2,958,326 (est. £2–3 million), selling over the phone. The work last appeared at Christie’s New York in May 1998, when it sold for $2,862,500, meaning the seller made off with about enough of a profit for a short ride in a London black cab.

Other works that recently sold at auction lost ground, with Alexej von Jawlenskys color-charged portrait Mädchen mit roter Schleife (1911) selling for £1,945,250 (est. £1.8–2.5 million). It last sold at Christie’s London a year ago for £2,932,500.

You might categorize that as a signal of a distressed sale, but back on the bright side, a stunning 1895 brothel composition by Henri de Toulouse-Lautrec, L’abandon (Les deux amies), featuring two women in intimate conversation on a bed, sold to a telephone bidder for £6,201,250 (est. £5–7 million).

The same bidder nabbed an art-historically important and beautiful painting by Claude Monet, Dans la prairie (1876), which appeared in one of the first Impressionist exhibitions, for a relative bargain at £11,241,250/$16,164,918 (unpublished estimate in the region of £15 million). It last sold at auction at Sotheby’s New York in November 1999, almost ten years ago, for $15,402,500.

A rare double-portrait of two sisters by Amedeo Modigliani, Les deux filles (1918), sold over the phone for £6,537,250 (est. £3.5–5.5 million).

Sculpture continued to draw widespread interest, and while there was no blockbuster like the Degas bronze dancer that sold at Sotheby’s on Tuesday evening, Henry Moores 9 1/4 inch-high bronze, Family Group, cast during his lifetime, sold to Laurence Graff for £481,250 (est. £400–600,000).

Graff also nabbed Alberto Giacomettis Annette d’apres nature, a 21 1/8 inch-high bronze figure conceived (in plaster) in 1954 and cast in the artist’s lifetime, for £937,250 (est. £800,000–1.2 million).

Marino Marinis early equestrian bronze, Gentiluomo a cavallo, conceived in 1937 and cast in his lifetime, sold to London dealer Alan Hobart of Pyms Gallery for £769,250 (est. £700,000–1 million).

One of the hottest entries, Ernst Ludwig Kirchners double-sided Drei Pferde (recto), Landschaft (verso) from circa 1923 sold for £959,650 (est. £300–500,000).

If the recipe is right,” said Thomas Seydoux, co-head of Impressionist and Modern art for Christie’s International, “the results are outstanding.”

Judd Tully is Editor at Large of
Art+Auction.

Like what you see?

Sign up for our DAILY NEWSLETTER and get our best stories delivered to your inbox.

Go to top ↑
Market News, Impressionism & Modern Art, Art Market, Impressionist & Modern Art
Share:
  • Tweet
  • Email to a Friend

Comments

0 Comments
+ Add Yours
Log in or register to post comments
Oldest first Newest first

RELATED ARTICLES

What If Your Prized Painting Turns Out to Be Nazi Loot? The Niche Market for Art Title Insurance
Sale of the Week, May 27-June 2: Christie's Week-Long Hong Kong Auctions Cater to Every Taste
Bonhams Australia Present Six Auctions of Amazing Art and Antiques from May 27 to 29
Sale of the Week: Australian Artist John Firth-Smith at Christie's May 29 London Interiors Sale
Judge Strikes Down California Resale Royalties Law, Foiling Chuck Close and Laddie John Dill

Most Popular

Viral Fashion: How the Facebook Wedding Dress Turned Priscilla Chan Into an Unlikely Style Star
The ARTINFO Bookshelf: 40 Books That Every Artist Should Own, Part II
K8 Hardy Ripped Fashion a New One at Her Riotous Whitney Biennial Runway Show
"When You Interrupt Us, You Have to Deal With Us": Murray Moss Invites You to Intrude at His Midtown Lab
Reagan's Blood, Bieber's Hair, Ally McBeal's PJs: 10 Freakish Items From PFCAuctions's Current Online Sale
The ARTINFO Bookshelf: 40 Books That Every Artist Should Own, Part I
Are We in an Anish Kapoor Bubble? Two Barbara Gladstone Shows Point to the Affirmative

Popular on Social Media

  • "I Don't Like the Term Installation": Daniel Buren on His Grand Palais-Filling Monumenta Show
  • Is Antony Gormley Plotting His Own Foundation in Norfolk?
  • Garage Sale at 11 West 53rd Street! MoMA Curator Sabine Breitwieser on Crowdsourcing Junk for Martha Rosler
  • What If Your Prized Painting Turns Out to Be Nazi Loot? The Niche Market for Art Title Insurance
  • Sale of the Week, May 27-June 2: Christie's Week-Long Hong Kong Auctions Cater to Every Taste
  • Allen Jones, Table (detail), 1969
    Allen Jones's Soft Porn Sculptures Spice Up Sotheby's Gunter Sachs Evening Sale, but Warhol Dominates
  • "When You Interrupt Us, You Have to Deal With Us": Murray Moss Invites You to Intrude at His Midtown Lab
  • K8 Hardy Ripped Fashion a New One at Her Riotous Whitney Biennial Runway Show
  • Viral Fashion: How the Facebook Wedding Dress Turned Priscilla Chan Into an Unlikely Style Star
  • Bonhams Australia Present Six Auctions of Amazing Art and Antiques from May 27 to 29

GO TO:

Home page

Editorial

  • Visual Arts
  • Performing Arts
  • Architecture & Design
  • Artists
  • ART PRICES
  • Market News
  • Style & Society
  • Events
  • Travel
  • Blogs
  • Videos
  • Slideshows

Products

  • Magazines
  • Gallery Guide
  • Blouin Art Sales Index
  • Somogy
  • Art Sites
  • Art Jobs

Louise Blouin Media

  • About Us
  • Subscriptions
  • Advertise
  • Contact Us
  • Louise Blouin Foundation
  • RSS
Copyright © 2012 All rights reserved. Use of the site constitutes agreement with our Privacy Policy and User Agreement.