Art Market Monitor

Christie’s was looking to make £8m from their very compact sale of 24 Orientalist works in London yesterday. With 71% of the lots–or 17 out of 24–selling for £10.57m, they ended up doing quite well. One reason was this John Frederick Lewis watercolor called The Arab scribe, Cairo which had a £700k high estimate but was bid to almost three times that, finally selling at slightly more than £2m. A Frederick Bridgman, The Nubian Storyteller in the Harem is another reason though the £769k paid was only slightly above the high estimate.

Also of Interest:

• Sotheby’s London Imp/Mod Day Sale Highlights
  Sotheby’s had another strong sale today as many names in the Impressionist and Modern day sale saw sustained interest and...
  
• Sotheby’s Tiffany Sale Highlights
  Sotheby’s sale of Tiffany totaled $3,038,250 yesterday. ...
  
• Sotheby’s New York Gems and Jewelry
  Sotheby’s sale brings in $30,582,750m with the top lot selling for $4.1m ...
  
• Lenz Sale Adds Extra Zeros
  Sotheby’s London sale of Contemporary art opens with the 49-lot Lenz sale of Zero art. The numbers are truly spectacular....
  
• Sotheby’s Mid-Season Sale, Highlights
  Sotheby’s Armory Week sale is still going on but the results are not mind-blowing. After yesterday’s explosion in Amsterdam when...