Auction Analysis: Christie's New York
Impressionist & Modern Art Evening Sale | May 15, 2018
UNSOLD TOP LOTS
Two high profile lots were withdrawn from this sale:
Steve Wynn's Pablo Picasso’s Le Marin (1943) (estimated in the region of $70million) had to be withdrawn after being damaged during the installation for the viewing at Christie’s.
Another lot from Wynn's collection, Picasso’s Femme au Chat Assise Dans un Fauteuil (1964), (estimated $22 - 28 million) was also withdrawn, but no reasons given.
Both lots had been backed by third-party guarantees.
OTHER NOTABLE LOTS
WHO BOUGHT WHAT?
Alberto Giacometti’s Homme assis (circa 1950) sold to Thomas Gibson for $3.61 million.
Malevich’s Suprematist Composition (1916) sold to Brett Gorvy of Lévy Gorvy for a record $85.8 million - maybe for Paul Allen?
Edouard Manet’s L’Italienne (1860) sold to Andrew Fabricant of Richard Gray Gallery for $11 million.
LOTS RETURNING TO AUCTION
Joan Miró's Femme entendant de la musique sold for $21.7 million (est. $10–15 million).
It last sold at Christie’s New York in November 1990 for $3.85 million.
Alberto Giacometti, Homme assis (circa 1950) sold for $3.61 million (est. $3–5 million)
It last sold at Christie’s New York in May 1995 for $772,500.
Kazimir Malevich’s Suprematist Composition (1916) sold to for a record $85.8 million (estimate on request around $70 million).
It last sold at Sotheby’s New York in November 2008 for a then record $60 million.
Vincent van Gogh, Vue de l’asile et de la Chapelle Saint-Paul de Mausole (Saint-Remy) (1889) sold for $39.7 million (est. $35-55 million).
It last sold at Christie’s London in February 2012 for $16 million.