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CHRISTIE'S SALE IN LONDON REVIVES THE ART MARKET
21 June 2018
Category : MARKET


The Impressionist and Modern market has been on a kind of revival with Christie's sale of Impressionist and Modern art held in London on June 20,2018 which yielded 128.1 million GBP just near its high estimate, its second highest June sale in this domain since 2012.

Unlike Sotheby's, which yielded its final total on financial guarantees, Christie's auction had only two backed by third parties while the quality of the works offered for sale with 30 of the 37 lots that sold within or above their estimates.

From the estate of Texan collector Perry Bass Monet's view of the Gare Saint-Lazare in Paris dated 1877, which carried a 22 million to 28 million GBP estimate only reached 25 million while Picasso's portrait of Dora Maar from 1942, unsold in 1990 with a 3 to 3,5 million GBP estimate, culminated at 19,4 million.

A lifetime cast of Rodin's Baiser,  sold for 12.6 million GBP, well above its high estimate of 7 million while the Waltz by Camille Claudel fetched 1,1 million. Bought by an american collector in 1985 for 65,000 pounds,  Egon Schiele's watercolour of a kneeling woman sold for 1,56 million, more than double its estimate, and a superb 1912 gouache of three horses by Franz Marc went for a record 15,4 million.

A 1922 portrait by Conrad Felixmuller of his brother sold to an American phone bidder for £608,500 ($800,975), more than double its high estimate. A 1919 painting of a waterfall by Ernst Ludwig Kirchner, went  near the top of its estimate for 1 million GBP and a figurative watercolor by Kazimir Malevitch sold for  7.9 million, a record for a work on paper by the artist. 

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