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Monet's Snow Effect Giverny (1893) sold for $ 13.5m ($ 15.5m with fees)
Courtesy of Christie's
New York's November "giga-week" Christie's Impressionist and Modern Evening Sale Last night, November 11th, as over-ambitious ratings got the best of several high-profile lots. Totalling $ 239.4m ($ 279.2m with fees), it was a long time ago, which clocked in at double that amount- $ 479.3m (with fees). That said, the figures are much more in line with those in 2016, somewhat of a market correction.
Of 61 lots offered, 52 sold, 85% sell-through rate. Pablo Picbado's Woman with Orange Beret and Fur Collar (Marie-Thérèse) (1937) from the Sam Rose and Julie Walters collection, which was pbaded on at $ 14m- $ 1m its low estimate.
Vincent Gogh's Corner of Butterflies (1887), courtesy of Van Gogh's Van Gogh's Paris. The painting fell $ 10m of its low estimate of $ 40m, prompting murmurs among the already-thinning crowd just over half-way through the evening.
The painting's fizzle is particularly poignant given that it was another Van Gogh that fired Christie's impressive Impressionist sale last year when the artist's plowing in a field (1889) sold for $ 72m ($ 81.3m with fees) expectations for Garden corner. Max Carter, the senior vice president of the Impressionist and Modern Art Department, conceded last night that the price for the work was "ambitious"
Vincent Van Gogh's Garden Corner with Butterflies (1887) went unsold last night, falling short of $ 40m low estimate
Courtesy of Christie's
Bidders had their paddles primed and ready for Monet, though. The artist's The Nymphal Basin (1919) was sold for $ 28m ($ 31.8m with fees) to an anonymous Asian buyer buying on the phone with Rebecca Wei, the president of Christie's Asia. The price, however, was still below the $ 30m- $ 50m estimate. Two other works by Monet made the top ten lots of the evening girl in the garden of Giverny (1888) which was estimated at $ 15m- $ 25m but only made 14m ($ 16m with fees) party guarantor. Yet, Snow Effect at Giverny (1893), also guaranteed, realized $ 13.5m ($ 15.5m with fees), well over its $ 8m high estimate.
Camille Pissarro's' Snow, Setting Sun, Eragny (1894) from the Elizabeth Stafford collection. With the bids topping out at $ 950,000, it missed $ 1.4m- $ 1.8m, and therefore, failed to sell.
Jean Arp's Marble Demeter sculpture, which had a high estimate of $ 3m and hammered at $ 4.9m ($ 5.8m with fees), and Kees van Dongen's The Blue Hound, sold at $ 1.8m ($ 2.1m with fees)
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