"Last night (17 November), Christie's kicked off New York's marquee November auctions with its 20th-century evening sale, plus top-notch offerings from a virtually unknown single-owner American collection. The auction house racked up $574.7m from both sales, which rises to $690m with fees. The result well surpassed last November's $485.9m total (with fees), indicating that the market is regaining confidence. It also lands squarely within its pre-sale estimate of $358m to $533m (all estimates calculated without fees)."
"The evening took off with 18 lots from the collection of the Yale-educated supermarket magnate Robert Weis and his wife Patricia "Patsy" Ross Weis, ranging from Giorgio Morandi's hypnotic Natura Morte from 1952 that sold for $2.4m ($3m with fees) to Henri Matisse's stunning Figure et bouquet (Tête ocre) in oil and conté crayon on canvas from 1937 that brought $27.5m ($32,260,000 with fees)."
Christie's two November sales totaled $574.7m, rising to $690m with buyer's fees, surpassing last November's $485.9m (with fees) and falling within a pre-sale estimate of $358m to $533m. Of 80 lots offered, 59 were covered by third-party or house guarantees. The sale registered a 94% sell-through rate after one withdrawal and three lots failing to sell. Two artist records were set, including Leonor Fini's Dans la tour (Autoportrait avec Constantin Jeleński) at $2.5m with fees. Highlights from the Weis collection included Giorgio Morandi at $2.4m ($3m with fees) and Henri Matisse at $27.5m ($32,260,000 with fees). Pablo Picasso's La Lecture (Marie-Thérèse) sold for $39m ($45.4m with fees), and Georges Braque's La Ciotat achieved $5.2m ($6.4m with fees). All but three Weis lots had third-party guarantees; two house-guaranteed lots were bought in, including a Joan Miró and a Franz Kline that became property of Christie's.
Read at The Art Newspaper - International art news and events
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