Christie’s November art sales near $1 billion

NEW YORK – Christie’s autumn auctions of Impressionist, modern, post-war and contemporary art in New York totaled $937.4 million. That figure does not include sales of 20th-century decorative arts and design, tribal arts and American folk art.

Fifty-seven new world auction records were set for masters including Henri Matisse, Paul Signac and Camille Pissarro in Impressionist and modern art, and Lucian Freud, Ed Ruscha, Richard Prince, Wayne Thiebaud and Gerhard Richter in post-war and contemporary art.

“Of the 136 works we sold in our two evening sales, 97 percent sold above $1 million, 17 percent sold above $10 million, and 94 percent of all sold lots went for prices within or above their estimate,” said Marc Porter, president, Christie’s Americas.

Christie’s sales of Impressionist and modern art took place on Nov. 6-7 and realized a total of $472.9 million. Approximately half of the buyers were American, and the rest was equally divided between European and other locations.

Post-war and contemporary art was offered during three consecutive days. Nov. 12 presented selections from the Allan Stone collection, Nov. 13 was dedicated to the post-war and contemporary art evening sale, and two sessions on Nov. 14 combined for a total of $464.4 million.