• 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

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvador Mundi, 2017), for a single collection sale (the Collection of Peggy and David Rockefeller, 2018), and for a work by a living artist (Jeff Koons’ Rabbit, 2019).

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.