Auctions Market

Christie’s Imp-Mod Auction in London Nets $113 M., With Monet on Top

The Monet.COURTESY CHRISTIE'S

The Monet.

COURTESY CHRISTIE’S

Christie’s London today offered 52 lots in its annual June evening sale of Impressionist and modern art, and netted £71.4 million, or about $113 million. Eighty-four percent of those lots sold, a solid figure. The house trumpeted in a release that 24 made more than £1 million, and that 29 made more than $1 million.

The top lot of the affair was a tall painting of irises by Monet from 1914–17 that sold for £10.8 million ($17.1 million) including buyer’s premium, edging out its high estimate of £9 million ($14.3 million). (All purchase prices include buyer’s premium.)

Also beating its high estimate was a circa 1957 Magritte, Le baiser, which made £1.99 million ($3.16 million), besting a high estimate of £1.8 million (£2.86 million). The Belgian Surrealist had four works on offer in the sale, the most of any artist, and three sold for above their high estimates.

The top 10 lots of the evening were all made by different artists, and all but one work sold for within or above its estimates. The lone piece in that group to sell below its range was a 1969 Picasso, which made £4.45 million ($7.03 million) against a low estimate of £4.8 million.

The London auction-action continues tomorrow night at Sotheby’s.

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