World Record For Juan Gris at Christie’s New York at $20.8 Million
In its second Evening Sale of the week, Christie’s Impressionist and Modern Art Evening Sale, achieved $147 million for paintings and sculpture with top lots from Juan Gris, Pablo Picasso, and Wassily Kandinsky commanding the highest prices. The sale follows Wednesday’s Evening Sale of two single-owner collections, The Modern Age: The Hillman Family Collection and The Collection of Alice Lawrence. New world auction records were set for Cubist master Juan Gris, American artist Alice Neel, and for works on paper by Georges Seurat and René Magritte. The two Evening Sales at Christie’s New York this week achieved a combined total of $194 million.
French billionaire Francois Pinault attended his company Christie’s International’s New York auction of impressionist and modern art, and watched from a sky box as almost half the lots failed to sell. Buyers passed on 44 percent of the 82 pieces offered. Sales tallied $146.7 million, against the low estimate of $240.7 million. It’s the week’s third evening auction that missed estimates and a sign the global financial crisis continues to undermine demand for the most-expensive art.
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