In a good start to its 20th century art sales launched on Monday at its London and New York headquarters, Christie’s sold a group of eight designs from the family collection of London dealer Thomas Gibson for a collective fee of 25, $ 3 million, well above his estimate of $ 15.8 million. .
Of several sales held at the house’s New York and London auction rooms starting March 1, Christie’s reported a net total of $ 61 million, achieving a combined sale rate of 98%.
At the head of the sale of works on paper was a rare drawing of a French girl by Vincent van Gogh entitled La MousmÃ© (1888). Executed towards the end of the artist’s life, the drawing inspired by the Japanese style of the young model sold for 7.5 million pounds ($ 10.4 million) with fees, against an estimate of $ 7 million. Acquired by the Stedelijk Museum in Amsterdam in 1943, following the persecution of its original Jewish owners Kurt and Henriette H. Hirschland during the war, the work was then returned in the 1950s to their heirs before being released. pass into Gibson’s hands.
The drawing is the last work of a group of 12 originally donated by the artist to Australian painter John Russell which still remains in private hands. The remaining works of this gift, which include nine landscapes and two portraits, are held by the Guggenheim Museum in New York, the Philadelphia Museum of Art, the Saint Louis Art Museum, the National Gallery of Art in Washington, DC, and the Getty Los Angeles Museum.
The result was a far cry from the current record for a van Gogh work on paper, set in 1997 at Sotheby’s in London with the sale of a drawing for $ 14.6 million. When this work sold again in 2003, it cost $ 10.3 million.
Elsewhere in this week’s Christie’s sale, designs by top Modernists, many of whom have gone largely unseen in the market, have exceeded expectations. that of RenÃ© Magritte Log in time (1954) sold for Â£ 2.7million ($ 3.8million), against an estimate of $ 2.5million, marking a substantial return on the 1954 gouache that Gibson acquired from Sotheby’s in 2002 for only $ 355,600. A 1974 self-portrait of Lucian Freud, which Gibson acquired in 1975, went for $ 2.2 million, against an estimate of $ 1.8 million.
that of Henry Moore Two sleepers in the metro (recto); Figures and sculpture sketches (back), which had been part of the Gibson collection since 1983, sold for Â£ 2.3million ($ 3.2million), double its original value of $ 1.5million. Scene by the river in pencil ContÃ© 1890 by Georges Seurat White sail was placed with a new buyer for Â£ 3.8million ($ 4.6million), compared to an estimate of $ 2.5million.