This Week's New York Auctions Test Post-Election Mood

  • November 13, 2016 18:43

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Monet's 1891 Meule.
Christie's

Cautious sellers put few masterworks on the market during this U.S. Presidential election season. Top-tier works that are hitting auction floors this week for the big sales of Impressionist, modern and contemporary art in New York will test the post-election mood --- albeit at the very high end of the art market--- in some uncertain times.

Christie's, Sotheby's and Phillips have postwar and contemporary art auctions on deck with about $536 million in offerings, down from $1.2 billion in the same November sales of last year.

Roy Lichtenstein, Nudes in Mirror (1994).
Phillips

On Monday comes Sotheby's marquee lot by Edvard Munch. The Norwegian artist's 1902 "The Girls on the Bridge" is a star piece from a private collection and is expected to bring over $50 million. Munch's record-breaking auction price stands at $120 million for "The Scream."

A Monet masterpiece, one of the last of the Grainstack series in private hands, is offered by Christie's on Nov. 16. It is estimated to bring as much as $45 million. ‘We have been extremely aware of the growing passion for classic Impressionist paintings among our leading Asian collectors,’ remarked Jussi Pylkkänen, Christie’s Global President, ‘and this work is simply a masterpiece by Monet, the genius of plein air painting.’

Phillips has Roy Lichtenstein's 1994 "Nudes in Mirror," a work that was vandalized in 2005 by a deranged woman when it went on display in Vienna, as noted in the auction catalog. It is expected to fetch $20 million.

Read more at New York Times


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