Sunday - 14 February 2016

London holds its own in international picture sales

03 July 2000Written by ATG Reporter

THOUGH it might no longer be the place where an international vendor would choose to sell a £20m Picasso or Van Gogh, London last week enhanced its reputation as a revenue for selling major-name Impressionist, Modern and Contemporary art with a string of major results at Sotheby’s and Christie’s evening sales.

Sotheby’s had the slight edge this time round in terms of pure turnover, aggregating a premium-inclusive £55.2m from their Part I outings versus £50.5m at Christie’s, who did at least achieve the highest price of the week with the £11m paid by the Acquavella Galleries of New York for Paul Cezanne’s Nature morte aux fruits et pot de gingembre.

The Cezanne sold within estimate, as did Monet’s £10m La Plage à Trouville at Sotheby’s and most of the high profile Impressionist and Post-Impressionist works on offer.

The less expensive Moderns and Contemporaries tended to generate more intensive bidding battles with Francis Bacon’s 1952 Study for a Portrait (Man Screaming) doubling its lower estimate to take £2.7m at Christie’s and Willem de Kooning’s 1982 Untitled XVIII taking £1.15m (estimate £400,000-600,000) at Sotheby’s highly successful £9.4m Contemporary Part I sale.

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ATG Reporter

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