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27 June 2014

Alex Deyzac

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POST-SALE RELEASE: CHRISTIE’S JUNE AUCTIONS OF IMPRESSIONIST AND MODERN ART REALISE £111.6 MILLION / $189.8 MILLION / €139.3 MILLION

London EMEA 27 June 2014

 

 

Top price of the sale series – £ 13.9 million

for Kurt Schwitters’ record breaking Ja – Was? – Bild (‘Yes-What?-Picture’)  

 

22 works sell for over £1 million / 33 for over $1 million

 

London – Christie’s auctions of Impressionist and Modern Art in London between 24 and 27 June realised £111,621,013 /$189,859,731 /€139,378,613, demonstrating the continuing demand and international participation from new and established buyers at every price level of the market. The top price from the series of sales was paid for Ja – Was? – Bild (‘Yes-What?-Picture’), 1920, by Kurt Schwitters which sold for £13,970,500/$23,777,791/ €17,463,125 setting a new world record price for the artist at auction (estimate: £4-6 million, pictured above left). In total, 22 lots sold for over £1 million (33 for over $1 million). Alongside the week of Impressionist and Modern sales were the Modern British and Irish Art sales, highlighting the increasing cross-over between collectors in these categories. Together the sales this week realised a combined total of £136,270,613 / $231,736,067/ €170,042,715. Christie’s first online-only sale of small-scale sculpture by Impressionist & Modern artists and Modern British artists ‘Small is Beautiful: The Online Modern Sculpture Sale’ opened on 20 June and will close for bidding on 3 July; the works on offer date from 1892 to the present day with estimates ranging from £800 to £100,000 (please click here for the separate press release).

 

Please find a table of results below with the auction totals:

                                                                             £                                  $                                  €         

Impressionist & Modern Evening Auction                  £85,784,000                  $146,004,368                 €107,230,000          

 

Impressionist & Modern Works on Paper                  £7,458,425                  $12,671,864                €9,278,281     

 

Impressionist & Modern Day Sale                            £15,355,400                $26,042,758                €19,102,118   

 

Picasso Ceramics                                                     £1,549,625                  $2,631,263                  €1,927,734             

 

Impressionist & Modern, South Kensington                £1,473,563                    $2,509,478                     €1,840,480

                                            

                                                       TOTAL:               £111,621,013                 $189,859,731                 €139,378,613

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business with a physical presence in 46 countries throughout the Americas, Europe, Middle East, and Asia Pacific, and flagship   international sales hubs  in New York, London, Hong Kong, Paris and Geneva. Renowned and trusted for our expert live and online-only auctions, as well as bespoke Private Sales, Christie’s unparalleled network of specialists offers our clients a full portfolio of  global services, including art appraisal, art financing, international real estate and education. Christie’s  auctions span more than  80 art and luxury categories, at price points ranging from $500 to over $100 million. Christie’s has sold 7 of the 10 most important single-owner collections in history, achieved the world record price for an artwork at auction, launched the first  fully on-chain auction platform dedicated to exceptional NFT art and manages an investment fund to support innovative startups in the art market. Christie’s is also committed to advancing  responsible culture  throughout its business and communities worldwide. To learn more, browse, bid, discover, and join us for the best of art and luxury at christies.com or by downloading Christie’s apps.


* Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue. *Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium.