Magazine Home  |  News  |  Features  |  Reviews  |  Books  |  People  |  Horoscope  
     








the artnet auction 
results
a summary of
christie's  impressionist
and modern sale, 11/13/96
by Stewart Waltzer 
It is hardly surprising that the cover lot
of Christie's sale last evening sold poorly. The
picture, Van Gogh's Femme dans une jardin, had 
been on and off the New York scene for years 
at prices ranging from $12 million on up. Estimated 
at $5 million to $7 million, it hammered 
at $3.1 million, a little more 
than half the published estimate. The
percentage spread shows that the auction house set
its prices too agressively for the present market.
One hopes that it will take steps to amend such
false hopes in the future, lest this hubris
be punished by the gods even more severely. Still,
the volume of $75 million at Christie's and $85 million at 
Sotheby's indicates a market that is far from feeble.
13 works were passed at the sale. Total volume
of the sale at the hammer prices shown was:
$75,115,000 as opposed to the volume of app. 
$85,000,000 at Sotheby's the night before. 
(P) = Passed lot (13). LOW (53%) = 1st
column shows work that did not exceed the low 
estimate. MIDDLE (26%) = 2nd column shows
work that exceeded the low estimate but not the 
high. HIGH (21%) = 3rd column shows work
that exceeded the high estimate.


LOW
MIDDLE
HIGH
1.$950,000
2.
3.$1,700,00
4.$380,000
5.$940,000
6.$800,000
7. $6,600,000
8. $320,000 (P)
9. $600,000 (P)
10. $1,100,000
11. $320,000
12.$155,000
13. Monet Jardin$12,000,000
14. $70,000
15. Monet Nympheas$12,000,000
16. $3,100,000
17. $800,000
18.$520,000
19.$3,100,000
20. $1,600,000
21. $600,000
22.$1,600,000
23. $2,200,000
24.$360,000
25.$1,300,000
26.$85,000
27. $620,000
28.$185,000
29. $700,000Monet Falaise et Voiliers a Pourville
30. $200,000
31. $3,100,000Van Gogh Jardin, Paris
32. $380,000
33. $180,000
34. $220,000(P)
35.$500,000
36. $240,000(P)
37. $300,000
38. $300,000Signac
39.$700,000
40.$3,500,000
41. $260,000(P)
42. $160,000
43. $140,000
44.$460,000
45. $600,000 (P)
46.$170,000
47. $2,500,000
48.$220,000
49. $190,000
50. $580,000
51. $500,000
52.$170,000
53. $400,000(P)
54.$460,000
55.$800,000
56. $580,000
57. $280,000
58.$580,000
59$340,000
60.$500,000
61. $180,000(P)
62.$2,400,000
63. $670,000
64. $220,000
65.$750,000
66. $620,000(P)


STEWART WALTZER