Van Gogh's works shine at Christie's auction, with a total turnover of 752 million US dollars | Barron's

2021-11-16 21:11:54 By : Mr. levi Lee

This copy is for your personal non-commercial use only. To order a copy that can be used for presentations to distribute to your colleagues, clients, or customers, please visit http://www.djreprints.com.

https://www.barrons.com/articles/van-gogh-works-shine-at-christies-sales-realizing-a-total-752-million-01636726067

For Vincent Van Gogh at Christie's, it was a good night. 

The artist’s Cabanes de bois parmi les oliviers et cyprès was sold from the Edwin Cox collection and sold for $71.35 million at the beginning of the marathon auction at the auction house’s New York headquarters on Thursday. Christie's total revenue is close to US$752 million. 

This painting was painted in 1889, and a sun-drenched canvas oil painting under a blue sky in southern France was sold at an "assessment on request", even though the auction house said it was valued at around US$40 million.

Van Gogh's "The Blue Man" is a painting of a little boy created shortly before the artist's death in 1890. It was sold for a staggering US$46.7 million, which was US$5 million to US$7 million higher than the pre-sale estimate. . The piece sparked fierce bidding between telephone experts in New York and Hong Kong, and then had a phone call with Connor Jordan, vice chairman of Impressionists and Modern Art at Christie's. 

There is also Van Gogh's "Meules de blé" in the Cox collection. This is another late work from 1888. Its fee income is close to 36 million U.S. dollars. This is said to be a record of Van Gogh's watercolor paintings. This painting depicting the towering wheat duo under the bright blue sky of Provence, France, was announced when Christie’s negotiated a compensation agreement with the former owner and the heirs of two collectors who were in the Nazi era and during World War II. Own this picture. 

The pre-sale estimate of Meules de blé is between US$20 million and US$30 million, and is as guaranteed as Van Gogh’s other works. 

Van Gogh's results run through the sale of the Cox Collection, and 91% of the works of the Impressionist masters are priced higher than the high end of the pre-sale estimate. 

In total, 100% of the 23 lots offered were sold at a price of US$332 million, including expenses, which was much higher than the estimated range of the entire Cox Collection of US$200 million, which will be included in December. 

Following Van Gogh, Paul Cézanne's 1883-85 L'Estaque aux toits rouges sold for 55.3 million US dollars, which was the highest end of the pre-sale valuation range. Gustave Caillebotte's "Jeune homme à sa fenêtre", in 1876, set an artist's auction record for $53 million. 

The auction was held in front of a complete auction room at Christie's in New York, with experts from Hong Kong and London projected on the screen. It is closely followed by Christie’s auctions of 20th-century art, including works from the late 1800s to around 1980. 

The highest lot at auction in the 20th century was the portrait of Jean-Michel Basquiat by Andy Warhol, which was conducted between experts in New York and London for more than 6 minutes After the bidding, the painting was sold for 34.7 million U.S. dollars. Adding to the cost, the 1982 silkscreen prints previously owned by collector Peter Brandt sold for $40.1 million, higher than the estimated value of $20 million.

The total turnover was nearly 420 million U.S. dollars, and 54 of the 59 lots were sold. 

Other highlights include Pablo Picasso’s Mousquetaire à la pipe II in 1968, which was sold for nearly US$35 million with fees, within the US$30 million valuation range, and Sai Tombray ( Cy Twombly's "Untitled" (Untitled), 1961, painted with oil and crayons, graphite on canvas and colored pencils, sold for $32 million, and the cost was consistent with unannounced pre-sale estimates. 

The 20th century auction also included works by Van Gogh. Knotberken, in 1884, achieved $7.3 million, slightly above its estimated range. One of the surprises of this auction was the enthusiastic bid for the 90-year-old American sculptor and printmaker Lee Bontecou's wall-mounted steel and canvas sculpture, which was collected by Harry Abrams in New York. Untitled, 1959-60, it was sold for nearly US$9.2 million in six and a half minutes, setting an artist's auction record. The highest estimate for this work is $4 million.

For Vincent Van Gogh at Christie's, it was a good night.

An error has occurred, please try again later.

This article has been sent to

Copyright © 2021 Dow Jones Corporation. all rights reserved

This copy is for your personal non-commercial use only. The distribution and use of this material is subject to our subscriber agreement and copyright laws. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.