Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 348

Impressionist and Modern Art Evening Sale Achieves US$202,608,000

Posted by fidest press agency su lunedì, 18 Maggio 2015

impressionistChristie’s Evening Sale of Impressionist and Modern Art realized $202,608,000 (£128,721,728/ €178,022,150) with sell-through rates of 93% by lot and 99% by value. Bidders from 34 countries competed in the room and on the phone for works by Impressionist and Modern masters, including Piet Mondrian, Chaïm Soutine, Claude Monet, Pablo Picasso, Amedeo Modigliani and Fernand Léger. Bidding on Modern works was particularly active, a testament to the energy brought to the market by crossover collectors and the success of Christie’s curated week of sales spanning both Impressionist & Modern and Post-War and Contemporary categories.Brooke Lampley, Head of Impressionist and Modern Art, Americas, remarked: “This sale marks a record setting week for the global auction market, with the highest total ever achieved in one week for the Impressionist & Modern category, at $695,478,000 thus far. The success of tonight’s sale is the result of presenting a carefully edited grouping of works to the marketplace. In constructing the evening sale we strategically selected the best examples from the market’s most sought after artists. This culminated in 44% of the works selling over their estimate, including tremendous results for Mondrian, Léger, Modigliani, Soutine and Kandinsky. We also witnessed significant demand for masterpieces, demonstrated by the excellent price achieved for Mondrian’s Composition III. This sale was the perfect cap to our trio of evening sales, and we now look forward to continuing the second part of the Whitehead Collection in tomorrow’s day session.” (photo: impressionist)

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