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
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*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 and are reported net of applicable fees.