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)