London started its summer with Impressionist and Modern Art successful sales

Monet, Nympheas, Sotheby's

Monet, Nympheas, Sotheby’s

The sales of Impressionist and Modern Art in London began with a good result at Sotheby’s for its Evening sale on June 23rd, with a total of € 152 million and a percentage of lots sold of 91.3%.
Top lot for Claude Monet, Water Lilies, who reached its second highest price at auction, which from an estimate of £ 20-30 million has risen to over £ 31 million. The masterpiece of Piet Mondrian, Composition with Red, Blue and Grey, 1927 (£ 13000000-18000000) flew to £ 19 million, the second highest price for this artist. The work was kept in the private collection of the artist until his death in 1944, and this is one of the rare masterpieces of Mondrian presented on the auction market. Le taureau by Pablo Picasso has quadrupled reaching the maximum estimate at £ 1.8 million; an excellent result for Edvard Munch‘s Hus i Borre (1904-5) sold at £ 1 million and for Tamara de Lempicka, Suzanne au Bain, who exceeded the £ 2 million of the maximum estimate.
The following evening Christie’s totaled £ 85.7 million, with percentages of 67% sold by lot and 71% by value. Top lot the work of Kurt Schwitters 1920, Ja – Was? – Bild, sold at £ 13.9 million, a new record for the artist at auction.
From the group of 4 works by Alberto Giacometti, Femme de Venise II, 1956, has been sold at £ 9 million. Among other top lots, L’artiste et le modèle nu by Henri Matisse, sold at £ 6.8 million; Kinderbild (Katze hinter einem Baum) by Franz Marc, who made £ 6.2 million; La Montagne Sainte-Victoire vue des Lauves, watercolor on paper of 1902-1906 by Paul Cézanne, beaten to the minimum estimate of £ 3.5 million.

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