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Christie’s Impressionist and Modern Art Auction in London

February 11, 2011

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A Christie's employee poses with Paul Gauguin's "Nature morte a 'L'esperence'" at Christie's auction house in London. REUTERS/Luke MacGregor

A painting by Paul Gauguin, billed as the top lot at Christie’s auction of modern and impressionist works in London, failed to find a buyer on Wednesday.

The tribute to the artist’s friend Vincent Van Gogh, in the form of a still life with sunflowers called “Nature morte a ‘L’Esperance,” had been expected to fetch up to 10 million pounds ($16 million).

Overall, the auction raised 61.9 million pounds ($99.6 million) including buyer’s premium, according to the company’s website, toward the lower end of the expected range of up to 81 million pounds ($130.4 million).

Top lot on the night was Pierre Bonnard‘s “Terrasse a Vernon” which sold for 7.2 million pounds ($11.6 million), well above expectations of up to 4 million pounds ($6.4 million).

 

The auctions are part of a major series of sales in London this month which art market experts are watching closely for signs of strength or otherwise in the booming sector.

 

(Reporting by Mike Collett-White; Editing by Patricia Reaney)

 

Related entries:

Impressionist & Modern Art Sale – $170m at Sotheb...

Filed Under: Art News World, Auction Tagged With: Paul Gaugin, Pierre Bonnard, Vincent Van Gogh

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