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the artnet auction 
results
a summary of
sotheby's impressionist
and modern sale, 11/12/96

by Stewart Waltzer 
If Stephen Wynn, the chairman of Mirage
Resorts, the casino company, was shopping at
Sotheby's last night, he must have felt right at
home. It all seemed to be pretty much of a crap
shoot. With more than half of the lots failing to
exceed the low estimate, and with the house still
taking in close to 85 million at the hammer, it is more
than a bit like Las Vegas. The most touching 
moment of the evening came in the midst of the
bidding for the late nineteenth century Barbie doll,
the Degas Danseuse. Simon de Pury had
massaged the bidding up to 10.8 million
and raising his voice at least two octaves 
said with all the tenderness and concern 
of a mother offering a Sunday roast: "What, no more?"
The estimates for many of the lots approached
ante mortem levels, which is to say, what things
once cost before the great fall. Well, they're not
back yet, Sotheby's certainly learned this 
evening. The house owned lots fared no better
than the rest.
(P) = Passed lot (21). LOW (65%) = 1st
column shows work that did not exceed the low 
estimate. MIDDLE (16%) = 2nd column shows
work that exceeded the low estimate but not the 
high. HIGH (19%) = 3rd column shows work
that exceeded the high estimate.
*= Sotheby's owned lots. Total volume at the hammer:
$85,505,000.


LOW
MIDDLE
HIGH
1.$170,000
2.
3. $1,000,000
4.$400,000
5.$1,600,000
6. $400,000
7.$900,000
8.$2,620,000
9.$1,500,000
10.$7,900,000
11.$5,500,000
12. Degas Danseuse$10,800,000
13. $700,000
14. $550,000 (P)
15. $775,000
16. $4,600,000
17. $650,000
18.$10,000,000
19. $1,200,000
20. $220,000 (P)
21. $2,100,000 (P)
22. $300,000 (P)
23. $325,000
24.$340,000 (P)
25.$1,300,000
26. $7,000,000
27. $1,500,000 (P)
28. $340,000
29. Picasso Stavinsky$850.000
30. $475,000 (P)
31.$625,000
32. $2,200,000
33. $575,000
34. $600,000*
35. $500,000 (P)
36. $375,000 (P)
37. $620,000
38. $1,100,000 (P)
39. $800,000
40. $500,000
41. $700,000
42. $1,500,000 (P)
43. $525,000
44.$725,000
45. $1,300,000 (P)
46. $750,000 (P)*
47. $525,000 (P)
48. $2,500,000
49. $800,000
50. $5,500,000
51. $375,000
52.$375,000 (P)
53. $1,750,000
54.$975,000
55.$525,000
56. $800,000 (P)
57. $450,000
58. $575,000
59. $1,100,000 (P)
60. $950,000 (P)
61. $1,000,000
62.$650,000
63. $700,000
64. $375,000
65. $260,000 (P)
66. $500,000
67. $400.00 (P)*
68. $240,000 (P)*


STEWART WALTZER
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