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SOTHEBY'S SALE OF IMPRESSIONIST AND MODERN ART TOTALS A LOW FIGURE OF 87,5 MILLION GBP
20 June 2018
Category : MARKET

Sotheby's sale of  Impressionist & Modern Art held in London  on June 19 2018 achieve a total of 87.5 million GBP with collectors demonstrating some  interest in a wide range of pieces spanning the entire field which saw Pablo Picasso's "Buste de Femme" (1932) reaching 27,3 million at ten times the 2,4 million it achieved at auction in 1997 but overall the sale was rather a disappointment.

Alberto Giacometti's "Le Chat" executed in 1951 sold for 12,6 million GBP while his expressive bust of his brother Diego went to a Japanese buyer for 2,9 million GBP. Appearing at auction  for the first time, Claude Monet's "La Méditerranée par vent de mistral" sold for 7,2 million GBP while Camille Pissarro's "Le boulevard Montmartre, brume du matin" was bought by an Asian private collector for 3,5 million. Last seen at auction in 1875, Pierre-Auguste Renoir's "Après la tempête" (temps d'orage), a rare example of the artist's early work, achieved 610,000 GBP against a high estimate of 450,000.

Meanwhile a 1936 drawing by Henri Matisse  showing the portrait of Mary Hutchinson culminated at 3,1 million GBP while Marc Chagall's gouache "Les Amoureux en bleu" rose to 1,2 million against a high estimate of 500,000 followed by René Magritte's gouache "La Belle Captive" which sold for 922,000 GBP. Wassily Kandinsky's 1910 portrait of his companion Gabriele Münter painting in front of her easel went for 5,3 million GBP and Paul Gauguin's "Fleurs dans un  panier" doubled its estimate to fetch 2,3 million  GBP.

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