Monet Fails; Picasso & Klimt Sell at Christie’s

Claude Monet’s Nymphéas didn’t sell today at Christie’s but Picasso’s blue period portrait did, even if it sold for a number that didn’t add any excitement to the art market. That could have been a good thing. The rapid escalation of prices since the 2010 auction season opened in London this February has been at odds with the rest of the world’s economic news. Even so, there were a lot of strong sales at Christie’s today when £152.98m of Impressionist and Modern art was sold.

Also of Interest:

  • The Story of a Monet
    Scott Reyburn‘s Christie’s auction re-cap contains this brief narrative of the auction life of Monet’s Dans la prairie: Monet’s Impressionist...
  • Sotheby’s Has 91% Sell-Through
    Only five of the 59 lots offered tonight were bought in leaving sell-through rate of 91.5% on the £44,359,900 in...
  • Modern Rebounds
    The ever-perceptive Colin Gleadell looks at the February sales in London. A lot has changed since the last go round...
  • Why Didn’t the Monet Sell?
    Skate’s Art Market Research explained that the work was too aggressively estimated in this report offered before the sale. You...
  • Monet Lets Air Out of Art Market
    Judd Tully captured the mood in the auction room as Monet’s Nymphéas failed to elicit a single bid: After a...

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