New York – AO Auction Results: Christie’s Impressionist & Modern Art Evening Sale, Wednesday, November 7th, 2012, Fluctuating sales with records achieved.Thursday, November 8th, 2012
Wassily Kandinsky, Studie für Improvisation 8 (1909) which sold for a record breaking $23,042,500, image courtesy Christie’s
Despite a nor’easter last night in New York, Christie’s had a full house for its Impressionist and Modern Art Evening Sale, which boasted a sale total of $204, 800,000 with just 48 of 69 lots sold. The sales achieved were not always consistent but very high numbers were reached during many bids. The value sold by lot was 80%, with most of the works that did sell achieving their high estimate or beyond. Head of the Department, Brooke Lampley, declared it a “strong sale” in the post auction press conference.
Sale room at Christie’s, photo by ArtObserved
The major excitement of the sale came with the record-breaking price of $23 million for Kandinsky’s Studie für Improvisation 8 – the highest price ever paid at auction for a work by the artist. The painting is an early figurative example of the artist’s transition to abstraction. (more…)