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Bonnard for Russia; Morandi for China

February 14, 2011 by Marion Maneker

Kelly Crow looked at last week’s sales and tried to discern which artists the new collectors driving the market for Impressionist and Modern art:

“What will Russia buy next, or China? We’re trying to find out as quickly as we can,” said Thomas Seydoux, international head of Christie’s Impressionist and modern art department.

  • Last year, 62% of Bonnard’s works in major auctions went unsold, according to Art Research Technologies, a New York firm that tracks auction sales. But on Wednesday, an anonymous Russian-speaking collector bidding by phone paid Christie’s a record $11.6 million for the artist’s sun-drenched 1923 landscape “The Terrace at Vernon.”
  • Natalia Goncharova is also holding her own as the market’s priciest female artist, with another telephone bidder paying Christie’s $6.4 million for her 1912 landscape, “Flowering Trees (Apple Blossom).”
  • Giorgio Morandi, known for his neat rows of creamy vases. Christie’s says a Chinese collector paid $2.2 million for Morandi’s 1953 “Still Life,” exceeding its $1.5 million high estimate.
  • In London, New Stars and New Bidders (Wall Street Journal)

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    Filed Under: Auction Results Tagged With: Impressionist, London, Modern

    About Marion Maneker

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