Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Opportunities in the Modern Market

May 11, 2010 by Marion Maneker

Colin Gleadell does a little price comparison on last week’s Impressionist and Modern works and finds some unexpected winners and losers:

The sellers of these two sculptures [the $11.8m Rodin Thinker and the $4.2m Noguchi] did well, having bought the Rodin last year at a Paris sale $3.6 million, and the Noguchi in Philadelphia three years ago for $153,000.

Going from $153,000 to $4.2m in three years is an impressive return.

But such rewards are the result of opportunistic buying, not a reflection of general price movements, which vary. Some works, such as a Giacometti bronze cat that was unsold last year with a $16 million estimate, have gone up. A cat from the same edition sold for $20.8 million last week. But a dull Monet street scene, which had fetched $2.8 million 10 years ago, now sold for just $2.3 million. A Chagall still life, costing $3.6 million two years ago, returned for just $2.4 million. Still, most works bought between three and 10 years ago that sold last week saw a reasonable return.

Art Sales: New York Impressionist and Modern Sales, Review (Telegraph)

More from Art Market Monitor

  • New York Auction Cycle Makes $1.6bn, Up $500m from 2016New York Auction Cycle Makes $1.6bn, Up $500m from 2016
  • Marina Picasso’s $10.3m White Glove SaleMarina Picasso’s $10.3m White Glove Sale
  • Christie’s Wants to Wow Consignors With Imp-Mod ResultsChristie’s Wants to Wow Consignors With Imp-Mod Results
  • Christie’s NY Imp-Mod Eve = $289.2mChristie’s NY Imp-Mod Eve = $289.2m
  • Christie’s Has $20m Brancusi Bronze La Muse EndormieChristie’s Has $20m Brancusi Bronze La Muse Endormie
  • Sotheby’s London Imp-Mod Day = £19mSotheby’s London Imp-Mod Day = £19m

Filed Under: Auction Results Tagged With: Modern, New York, Noguchi, Rodin

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor