« Impressionist & Modern Art » at Sotheby’s and Christie’s

[16/06/2005]

 

From 20 to 23 June 2005, Sotheby’s and Christie’s will hold a series of « Impressionist & Modern Art » auctions in London, offering 383 and 433 lots respectively.

Sotheby’s will start the ball rolling on 20 June with a sale of 49 pieces, three of which are particularly eagerly awaited. In particular, « Femme au grand chapeau » (1906), a superb Fauvist painting by Kees VAN DONGEN might be the star attraction of the evening, with its estimation of GBP 3-4 million. By way of comparison, the work sold for GBP 2 million in 1997, and according to the Artprice Indicator—Artprice’s tool for estimating the price of a work over time—it would be worth GBP 2.6 million today. Another work boasting a high estimation is Juan GRIS‘ painting « Paysage et Maison à Céret », estimated at GBP 3-4 million compared with its hammer price of GBP 1.5 million in 1995. Another work in this estimation range is « Nature Morte aux Mangos » by Paul GAUGUIN. The artist’s « Maternité II » fetched USD 35 million last November.

The following day at Christie’s, the star artist will be Maurice DE VLAMINCK with his painting « Péniche sur la Seine » (1905), estimated at GBP 2.8 – 3.5 million. The work sold for GBP 4.3 million in 2001, tripling the estimations (GBP 1.2 – 1.6 million). However, the Artprice index shows that De Vlaminck’s prices have since fallen 19%. It would therefore not be surprising if the work failed to reach its 2001 hammer price at this sale.