{"id":40981,"date":"2020-11-24T14:00:34","date_gmt":"2020-11-24T19:00:34","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=40981"},"modified":"2024-02-26T01:36:57","modified_gmt":"2024-02-26T06:36:57","slug":"impressionist-modern-day-sale-sothebys-ny","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2020\/11\/impressionist-modern-day-sale-sothebys-ny\/","title":{"rendered":"Impressionist & Modern Day Sale \u2013 Sotheby\u2019s NY"},"content":{"rendered":"
\"landscape<\/a>

Lucien L\u00e9vy-Dhurmer<\/p><\/div>\n

There does not seem to be an end to the number of works auction rooms are throwing into the market.\u00a0 With all the sales that took place last month, one would assume that there would be a bit of a slowdown this month \u2026 well, that is not happening. On November 19th<\/sup>, Sotheby\u2019s put forth a sale of 213 Impressionist and Modern works, but in the end, only 206 were offered — guess some of the items had no interest, so they were pulled from the sale. (w\/p = with the buyer\u2019s premium)<\/p>\n

\"woman<\/a>

Degas<\/p><\/div>\n

Taking the number one spot was a surprise to many. Lucien L\u00e9vy-Dhurmer\u2019s massive (102 x 137 inches) Paysage montagneux<\/em> was expected to bring between $150-250K, and when the bidding battle ended, the new owner forked over $1.6M ($1.956M w\/p – it is interesting to note that in the past, many of the artist\u2019s works were offered in 19th<\/sup>-century sales). The $1.956M was also a record auction price for the artist. The previous record was set back in 1989 when Fantasmagorie<\/em> (62 x 94 inches) sold for $264K. The second-place finisher was Degas\u2019 Femme\u00a0debout et vue\u00a0de face agrafant son corset<\/em> that was expected to bring $1.2-1.8M (the highest estimate in the sale) but hammered down at $1.1M ($1.35M w\/p). This painting also had an irrevocable bid, so it was guaranteed to sell — back in 2007, the work made $1.6M, then went unsold with a $1.8-2.5M estimate in 2015.\u00a0 In third, there was a tie…\u00a0 two paintings by Bonnard, Assiette de fraises<\/em> (last sold in 2001 for $457K) and Nu assis, Fleurs dans les cheveux (\u00c9tude de nu)<\/em> were each expected to bring $500-700K, and both hammered at $950K ($1.169 w\/p).<\/p>\n

\"berries<\/a>

Bonnard<\/p><\/div>\n

Rounding out the top five were Salvador Dali\u2019s gold sculpture Untitled (Le Pain et le vin)<\/em> which brought $900K ($1.109M w\/p \u2013 est. $300-500K, the work was last on the public market in 1997 and made $61K). Following that were two works that hammered at $700K ($867 w\/p), Wilfredo Lam\u2019s La Fugue (La Terreur, La Peur dans la nuit)<\/em> (est. $800-1.2M) and a tiny (8 \u00be x 5 \u00be inches) Marc Chagall Femme et bouquet<\/em> (est. $120-180K).<\/p>\n

\"nude<\/a>

Bonnard<\/p><\/div>\n

Several other works did pretty well (some of which I really do not understand)\u2026 Renoir\u2019s 8 x 12 inch sketchy Roses<\/em> (which bears the initial R at the top \u2013 meaning they do not believe the \u2018R\u2019 was put on by the artist) was estimated at $100-150K and sold for $320K ($403K w\/p). Why?!\u00a0 Lynn Chadwick\u2019s Sitting Elektra II<\/em> made $170K ($214K w\/p \u2013 eat. $40-60K). Pissarro\u2019s drawing Deux paysans<\/em> made $28K ($35.3K w\/p \u2013 est. $4-6K), and Brasilier\u2019s L\u2019Hiver Vert<\/em> hammered at $90K ($113.4K w\/p \u2013 est. $25-35K).<\/p>\n

On the flip side, works by Tamayo (est. $700-900K), Chagall ($500-700K), S\u00e9rusier ($400-600K), Klee ($300-400K), Ernst ($250-350K), and Picasso ($250-350K) were among those that did not find buyers.<\/p>\n

When the sale finally finished, of the 206 works offered, 161 sold, and 45 did not sell \u2013 this gave them a sell-through rate of 78.15% — a respectable number.\u00a0 The low end of their estimate range was $25.3M, and the hammer price was $24.4M (30.5M w\/p), so on that, they fell a little short.\u00a0 Of the 161 sold works, 43 were below, 57 with, and 61 above their estimate ranges; when we add in the unsold works, this left them with an accuracy rate of 27.7% … a somewhat reasonable number.<\/p>\n","protected":false},"excerpt":{"rendered":"

There does not seem to be an end to the number of works auction rooms are throwing into the market.\u00a0 With all the sales that took place last month, one would assume that there would be a bit of a … More…<\/a><\/p>\n","protected":false},"author":21,"featured_media":40985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[207,20,88,120],"class_list":["post-40981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-contemporary","tag-auction-news","tag-auction-results","tag-french-impressionist","tag-modern-art"],"yoast_head":"\nImpressionist & Modern Day Sale \u2013 Sotheby\u2019s NY<\/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\/2020\/11\/impressionist-modern-day-sale-sothebys-ny\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Impressionist & Modern Day Sale \u2013 Sotheby\u2019s NY\" \/>\n<meta property=\"og:description\" content=\"There does not seem to be an end to the number of works auction rooms are throwing into the market.\u00a0 With all the sales that took place last month, one would assume that there would be a bit of a … More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2020\/11\/impressionist-modern-day-sale-sothebys-ny\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/howard.rehs\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-24T19:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-26T06:36:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2020\/11\/Lucien-L\u00e9vy-Dhurmer-Paysage-montagneux.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1509\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Howard L. 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