Art Market Monitor

Global Coverage ~ Unique Analysis

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

30 Picassos Made $88m in New York

May 14, 2012 by Marion Maneker

Colin Gleadell wasn’t distracted by the hoopla surrounding the Munch sale two weeks ago. He stuck to his knitting and ran the numbers revealing that Sotheby’s may have had the bigger sale but Christie’s achieved a higher average lot price in its Evening sale of Impressionist and Modern art:

This is a market where collectors can expect to make reasonable returns over a period of time. A colourful, if rather jumbled, still life of peonies by Matisse – for which the owner had paid $4 million at the height of the 1989/90 boom – sold for $19 million, but a better return was had for a small, succulent painting by Picasso of the head of his young lover, Marie-Thérèse Walter. Bought 10 years ago for $3 million, it now sold for $9.9 million. It was one of more than 30 Picassos at the sales, which brought an accumulative $88 million, maintaining the Spaniard’s pole position in this market.

Impressionist and Modern art sales in New York: Treasures silenced by The Scream (Telegraph)

More from Art Market Monitor

  • The Changing Market Mix for Impressionist and Modern Art, 2007-2017The Changing Market Mix for Impressionist and Modern Art, 2007-2017
  • Christie’s Has a $25m Picasso Marie-Thérèse for NovemberChristie’s Has a $25m Picasso Marie-Thérèse for November
  • Christie’s £18m Brings Dora Maar to LondonChristie’s £18m Brings Dora Maar to London
  • Wynn’s Picasso Withdrawn from Christie’s SaleWynn’s Picasso Withdrawn from Christie’s Sale
  • Christie’s Rebecca Wei Telegraphs Chinese Rockefeller InterestChristie’s Rebecca Wei Telegraphs Chinese Rockefeller Interest
  • Sotheby’s Has 1932 Picasso Marie-Thérèse for JuneSotheby’s Has 1932 Picasso Marie-Thérèse for June

Filed Under: Auction Results Tagged With: Picasso

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
 

Loading Comments...