{"id":45311,"date":"2022-07-01T13:11:54","date_gmt":"2022-07-01T17:11:54","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=45311"},"modified":"2024-01-30T06:18:41","modified_gmt":"2024-01-30T11:18:41","slug":"christies-london-20th-21st-century-sale","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2022\/07\/christies-london-20th-21st-century-sale\/","title":{"rendered":"Christie’s London 20th\/21st Century Sale"},"content":{"rendered":"
\"A<\/a>

Nymph\u00e9as, temps gris<\/em> by Claude Monet<\/p><\/div>\n

On Tuesday, June 28th, Christie\u2019s London hosted their 20th\/21st Century evening sale. Though most of the lots were post-war and contemporary artists like Damien Hirst, Jean-Michel Basquiat, and Henry Moore, the top lots of this sale, interestingly enough, were taken by impressionist pieces. Two paintings by Claude Monet each brought in \u00a326M \/ $31.77M (or \u00a330.1M \/ $36.73M w\/p). The first, a blue and yellow-accented oil painting of London\u2019s Waterloo Bridge, had been in the private collection of the American watchmaker Arde Bulova and his heirs since 1951. Back then, Bulova bought the Monet from the New York art dealer Knoedler & Co. for $4,000. While that would be around $45,000 today, it only shows how much the value of Monet’s works has skyrocketed over the last century. While not as drastic of a value increase, the other Monet,\u00a0<\/span>Nymph\u00e9as, temps gris<\/span><\/em>, was part of the Onassis family collection which last sold in 2006 at Christie\u2019s New York for $11.2M w\/p.<\/span><\/p>\n

\"A<\/a>

Waterloo Bridge<\/em> by Claude Monet<\/p><\/div>\n

But while the impressionist pieces took the top spots, the more modern works also had their moments. Yves Klein\u2019s 1960 work\u00a0<\/span>Anthropom\u00e9trie de l\u2019\u00e9poque bleue<\/span><\/em>, which was used as the thumbnail photo for the sale\u2019s online material, reached nearly as much as the Monets. What brought people in, I believe, was not only Klein\u2019s reputation or the size of the work (about five feet by ten feet) but the medium. Klein spread resin onto paper and then brushed the adhesive with dry pigment, or paint without any liquids added, so it\u2019s still in its powdered state. <\/span>While the work fell just a few hundred thousand pounds short of its original estimate, it still brought in \u00a323.5M \/ $28.7M (or \u00a327.2M \/ $33.23M w\/p).<\/span><\/p>\n

\"A<\/a>

Anthropom\u00e9trie de l\u2019\u00e9poque bleue<\/em> by Yves Klein<\/p><\/div>\n

While it wasn\u2019t one of the top lots, one of the more noteworthy pieces sold on Tuesday was\u00a0<\/span>Balloon Monkey (Magenta)<\/span><\/em><\/a> by Jeff Koons. I wrote about the large stainless steel sculpture earlier this month: its now-previous owner, Victor Pinchuk, announced his intentions to\u00a0<\/span>give all proceeds towards medical supplies<\/span><\/a> for those affected by the war in Ukraine. Though I predicted Pinchuk\u2019s announcement would greatly increase interest in the work, the sculpture sold within its \u00a36M to \u00a310M estimate, with the hammer coming down at \u00a38.6M \/ $10.5M (or \u00a310.14M \/ $12.39M w\/p). It\u2019s still a substantial amount and will no doubt prove helpful in relieving the thousands of Ukrainians affected by the Russian invasion.<\/span><\/p>\n

In total, Christie’s did very well that day. Of the sixty-one available lots, twenty-seven of them (44%) sold within their estimates. An additional fourteen (23%) exceeded expectations, while only six failed to sell. All in all, the entire sale made \u00a3153M (or $186.9M).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, June 28th, Christie\u2019s London hosted their 20th\/21st Century evening sale. Though most of the lots were post-war and contemporary artists like Damien Hirst, Jean-Michel Basquiat, and Henry Moore, the top lots of this sale, interestingly enough, were taken … More…<\/a><\/p>\n","protected":false},"author":6,"featured_media":45312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[384,146,91,207,20,416,15,429,88,120,618,11,9,608],"class_list":["post-45311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","category-rehs-contemporary","tag-19th-century-european","tag-19th-century-french","tag-20th-century-french","tag-auction-news","tag-auction-results","tag-christies","tag-comments-on-the-art-market","tag-contemporary-art","tag-french-impressionist","tag-modern-art","tag-monet","tag-rehs-contemporary-news","tag-rehs-galleries-news","tag-ukraine"],"yoast_head":"\nChristie\u2019s London 20th\/21st Century Sale<\/title>\n<meta name=\"description\" content=\"On June 28th, Christie\u2019s London hosted their 20th\/21st Century sale, including works by Monet and a Jeff Koons work sold for Ukraine relief.\" \/>\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\/2022\/07\/christies-london-20th-21st-century-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Christie's London 20th\/21st Century Sale\" \/>\n<meta property=\"og:description\" content=\"On June 28th, Christie\u2019s London hosted their 20th\/21st Century sale, including works by Monet and a Jeff Koons work sold for Ukraine relief.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2022\/07\/christies-london-20th-21st-century-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-01T17:11:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-30T11:18:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/2022_CKS_20663_0034_000claude_monet_waterloo_bridge_effet_de_brume104409-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1643\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Scheer\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Scheer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/07\\\/christies-london-20th-21st-century-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/07\\\/christies-london-20th-21st-century-sale\\\/\"},\"author\":{\"name\":\"Nathan Scheer\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/1d33fd182b28afdad8fc3548ffe6bdc4\"},\"headline\":\"Christie’s London 20th\\\/21st Century Sale\",\"datePublished\":\"2022-07-01T17:11:54+00:00\",\"dateModified\":\"2024-01-30T11:18:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/07\\\/christies-london-20th-21st-century-sale\\\/\"},\"wordCount\":498,\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/07\\\/christies-london-20th-21st-century-sale\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/2022_CKS_20663_0034_000claude_monet_waterloo_bridge_effet_de_brume104409-scaled.jpg\",\"keywords\":[\"19th Century European\",\"19th Century French\",\"20th Century French\",\"Auction News\",\"Auction Results\",\"christie's\",\"Comments on the Art Market\",\"Contemporary art\",\"French Impressionist\",\"Modern Art\",\"Monet\",\"Rehs Contemporary - 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