{"id":37368,"date":"2019-03-18T14:44:26","date_gmt":"2019-03-18T18:44:26","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=37368"},"modified":"2024-02-23T04:27:21","modified_gmt":"2024-02-23T09:27:21","slug":"get-em-while-theyre-fresh-sothebys-impressionist-modern-and-surrealist-london","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2019\/03\/get-em-while-theyre-fresh-sothebys-impressionist-modern-and-surrealist-london\/","title":{"rendered":"Get ’em while they’re fresh – Sotheby’s Impressionist & Modern (and Surrealist) – London"},"content":{"rendered":"

On February 26th, Sotheby\u2019s hosted a pair of back-to-back evening sales featuring Impressionist & Modern works as well as a selection Surrealist works. While the top three lots all came from the Impressionist & Modern offerings, I\u2019ll give the overall results for ease when comparing with their counterpart, Christie\u2019s, who offered works from the same period the following evening.<\/p>\n

\"Claude

Monet<\/p><\/div>\n

At Sotheby\u2019s, the top lot of the bunch was Claude Monet\u2019s Venice scene,\u00a0Le Palais Ducal,\u00a0<\/em>which sold for \u00a327.5M ($36.2M) on a \u00a320-30M estimate ($26.2-39.4M). The work was put up for sale by the family of Erich Goertiz, a Berlin-based textile manufacturer in the early 1900s\u2026 Goeritz initially purchased the work in 1925 and it has been handed down from generation to generation since, never being offered at auction. Monet only visited Venice once in his life, and on that trip he produced 40 works of art\u2026 prior to this sale, the most his most expensive Venetian scene was\u00a0Le Grand Canal,<\/em>\u00a0which sold in 2015 for \u00a323.6M.<\/p>\n

\"Trieste

Schiele<\/p><\/div>\n

Taking second was an unusual Egon Schiele\u2026\u00a0Triestiner Fischerboot<\/em>\u00a0was completed in 1912 when the artist visited an Italian port after being exiled from his home in Austria \u2013 considered to be the most tumultuous and life-changing experience the artist endured. This particular work was first purchased in 1914 and last changed hands in 1962 for an undisclosed sum\u2026 it has remained in a private collection since. Now up for auction for the first time, the work handily surpassed it\u2019s \u00a36-8M ($7.8-10.5M) estimate as it found a buyer for \u00a310.6M ($14M).<\/p>\n

\"Kandinsky\u2019s

Kandinsky<\/p><\/div>\n

Rounding out the top three was Kandinsky\u2019s\u00a0Vertiefte Regung<\/em>, which actually hammered around \u00a35.1M\u2026 it was estimated at \u00a35.5-7.5M, so this one fell a bit short\u2026 once we add in the buyer\u2019s premium that bumps it to a much nicer sounding \u00a36.09M ($8M). The work was accompanied by provenance dating back to the artist, though it has changed hands quite a few times\u2026 recently, it sold in 2010 through Sotheby\u2019s New York, where it found a buyer at $5.6M on a $4.5-6.5 estimate and then again in 2015, again at Sotheby\u2019s New York, for $6.4M on a $6-8M estimate. While this time around, the lot fell a bit short, I think the seller could walk away happy with a quick little profit.<\/p>\n

Filling in the top 10 of the night, we found works by Magritte (\u00a35.3M \u2013 Est. \u00a33.5-4.5M); Kirchner (\u00a33.8M \u2013 Est. \u00a32.8-3.8M); Picabia (\u00a33.7M \u2013 Est. \u00a31.5-2M); Giacometti (\u00a33.2M \u2013 Est. \u00a31.8-2.5M); Degas (\u00a33.01M \u2013 Est. \u00a31.5-2.5M); and Picasso (\u00a32.1M \u2013 Est. \u00a31.6-2.5M). As always, there were a few lots that failed to garner significant interest and went unsold\u2026 those included works by Feininger (\u00a34-6M); Jawlensky (\u00a3800K-1.2M); Schiele (\u00a31-1.5M); and Picasso (\u00a31.6-2.4M).<\/p>\n

Of the 39 works offered between the two sales, Sotheby\u2019s found buyers for 32 of them, yielding an 82% sell through rate and a total take of \u00a387.7M ($115.3M \u2013 Est. 62.1-89.3M).<\/p>\n","protected":false},"excerpt":{"rendered":"

On February 26th, Sotheby\u2019s hosted a pair of back-to-back evening sales featuring Impressionist & Modern works as well as a selection Surrealist works. While the top three lots all came from the Impressionist & Modern offerings, I\u2019ll give the overall … More…<\/a><\/p>\n","protected":false},"author":21,"featured_media":37370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[20,88,120],"class_list":["post-37368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-contemporary","tag-auction-results","tag-french-impressionist","tag-modern-art"],"yoast_head":"\nGet 'em while they're fresh - Sotheby's Impressionist & Modern (and Surrealist) - London<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2019\/03\/get-em-while-theyre-fresh-sothebys-impressionist-modern-and-surrealist-london\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Get 'em while they're fresh - Sotheby's Impressionist & Modern (and Surrealist) - London\" \/>\n<meta property=\"og:description\" content=\"On February 26th, Sotheby\u2019s hosted a pair of back-to-back evening sales featuring Impressionist & Modern works as well as a selection Surrealist works. 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