• Press release
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  • New York
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  • For immediate release
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  • 16 November 2016

RESULTS: Christie's Impressionist & Modern Art Evening Sale realises $246.3 million

Auctioneer Andreas Rumbleron the rostrum at Christie’sImpressionist and Modern Art Evening Sale

Auctioneer Andreas Rumbler on the rostrum at Christie’s Impressionist and Modern Art Evening Sale

Claude Monet (1840-1926),Meule, oil on canvas,28 ⅝ x 36 ¼ in. (72.7 x 92.1 cm.).Sold for$81,447,500

Claude Monet (1840-1926), Meule, oil on canvas, 28 ⅝ x 36 ¼ in. (72.7 x 92.1 cm.). Sold for $81,447,500

Running total for 20th Century Week at Christie’s New York: $584,483,750

Sale total: US$246,344,500/ £197,233,387/ €229,185,195

Top lot of the sale: Claude Monet’s Meule sold for $81,447,500 (£65,210,168 / €75,774,215) | A WORLD AUCTION RECORD FOR THE ARTIST

Sell-through rates: 81% by lot and 88% by value

2 new world auction records for Claude Monet and Wassily Kandinsky

The sale attracted registered bidders from 33 countries, with strong bidding from US, Europe, and Asia

 

Brooke Lampley, Head of Impressionist & Modern Art at Christie’s New York, remarked: “There was tremendous excitement for great pictures of every variety tonight, and we proved definitively that the market for Impressionism is as strong as ever.  Monet’s masterpiece Meule, the culminating work in a series of 25 from 1890-1891 and a direct precursor to the famed Water Lilies cycle, attracted highly competitive bidding from 5 clients. After 14 minutes of volleyed bids, it sold for $81.5 million and broke the record for the artist established by Christie’s in 2008. Kandinsky’s magnificent 1935 Rigid et courbé also set a new world auction record for the artist. Our curated selection of Picassos were highly sought after, the top lot of which was the Buste de femme (Dora Maar). We are pleased to share the buyer was the esteemed Japanese collector Yusaku Maezawa, who offered the following comment, ‘I am honored to be able to live with and enjoy this work by Pablo Picasso the most beloved artist of all artists.’”

20th Century Week continues with the Impressionist & Modern Art Works on Paper and Day Sale on Thursday at Christie’s New York.

About Christie’s

Christie’s, the world's leading art business, had auction sales in the first half of 2019 that totalled £2.2 billion / $2.8 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.

Alongside regular sales online, Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.

*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.