Christie's Announces $7.4 Million Sales Week

Photo Courtesy of Christie's
Auction house Christie’s announced sales for the week of more than $7.4 million. The auctioneer's 19th Century European Art auction brought in $6.61 million, with 47 of 106 lots offered being sold. Painter Giovanni Boldini’s, Marthe Régnier (1905), an oil-on canvas work, was the highest selling lot at $1.88 million.

Jean-Baptiste-Camille Corot's Nymphes et faunes (1870), also an oil-on-canvas rendering was the second highest priced lot at $422,500 (shown above). The Muse (1861) by William Adolphe Bouguereau, which was the third highest priced lot, fetched $266,500.

"It’s encouraging to see keen interest for the leading artists in this sale," said James Hastie, head of department for Christie’s. "Boldini’s Portrait of Marthe Régnier (right) was sold to a private European buyer for $1,874,500, while Jean-François Millet’s Portrait of Madame Martin realized $230,500, indicating a strong market for Barbizon school paintings. There is growing interest in 19th Century European paintings from Asia; four of the top 10 buyers were Asian and Asian buyers contributed 20% of the overall sale value."

Fine Musical Instruments auction achieved sales of $1.329 million. One-hundred-and-seventeen of the 151 lots offered sold, which is a 77-percent sell-through of the items available. The auction occurred in New York on Friday, October 14, 2011. A classical guitar by Hermann Hauser Sr., Munich, 1940, selling at $152,500 fetched the highest selling price of the event. A mandolin-style guitar, Style F-5 circa 1923 sold, at $104,500. A violin by Joseph Gagliano, circa 1777, tapped out $92,500.

"There continues to be a strong appetite for good quality violins, bows and fretted instruments sold through our Fine Musical Instruments sale," said Head of Department Kerry Keane, in a prepared statement. "We were particularly pleased with the prices attained for the top three lots especially the 1923 Gibson F-5 ‘Lloyd Loar’ mandolin (left), which is such a magnificent and important instrument. The entire sale was supported by international bidding from the phones, in the room, and solid online participation through Christie’s Live." Visit to learn more.

James Rothaar

As an independent contractor, James has written content for and other leading online luxury lifestyle magazines. Rothaar previously served as the senior-tenured staff writer for JustLuxe, having worked with the digital magazine since 2005. He resides in Jacksonville, Florida, and works as an independent marketing consultant and a freelance writer. James Rothaar has an MBA degree...(Read More)

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