Impressionist and Modern Art

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.

US: A concerted push into the market by Phillips meant that there were three major players on the Impressionst and Modern auction scene in New York last week.

UK & US: PHILLIPS’ traditional reputation as the permanent poor relation of Sotheby’s and Christie’s at the top end of the international art market could be turned on its head by a clutch of high value consignments soon to be offered in London and New York.

The international market for Impressionist and Modern art saw further consolidation last week in London when Sotheby’s and Christie’s Part I and Part II sales turned over a combined total of £86.3m, some 45 per cent up on the £47.8m achieved at the equivalent sales last year.

US: THE MARKET for Impressionist and Modern art saw further consolidation last week when Sotheby’s and Christie’s turned over a premium inclusive $466m (£289.5m) for their November sales of works by the world’s most expensive artists.

UK: June saw London re-affirm its position as one of the world’s two premier venues for selling top quality Impressionist and Modern art with record-breaking sales at Sotheby’s and Christie’s.

US: THE bonanza of Impressionist and 19th century art sales in New York, headlined by the record $55m (£33.5m) hammer price paid for a Cézanne still life, has highlighted various trends in the market, not least the dominance of Post Impressionist works.

Christie’s evening sale of Impressionist and Modern Art in London was led by Claude Monet's Iris Mauves as two telephone bidders battled it out over the £6m-9m estimate until the hammer fell at £9.6m.