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Alberto Giacometti
Buste de Diego (Stele III)
1957-58
$6,800,000 (hammer)
$7,698,500 (premium)
Christie’s New York
May 6, 2009
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ART MARKET WATCH
by Stewart Waltzer



With only 50 lots in the sale and some lots sub-prime, observers at Christie’s big sale of Impressionist and modern art on May 6, 2009, could have expected a dull evening, particularly after yesterday’s barely credible sale at Sotheby’s. But this wasn’t the case. Christie’s ran a brisk, rat-a-tat auction that hammered down numerous lots at very high prices. It did not feel like a recession. The room was packed. It was not brilliant; better, it was business as usual.

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