- Associated Press - Wednesday, June 3, 2015

LONDON (AP) - Christie’s auction house is offering works by Claude Monet, Rene Magritte, Joan Miro, Marc Chagall and Pablo Picasso this month amid a voracious global appetite for impressionist and modern art.

Christie’s said Wednesday that a June 23 London sale will include Monet’s flowery landscape “Iris Mauves,” which has an estimated price of 6 million pounds to 9 million pounds ($9.1 million to $13.7 million).

The sale also features Picasso’s 1969 portrait “Head,” valued at 4.8 million pounds to 6.5 million pounds ($7.3 million to $9.9 million), and Chagall’s flower painting “Bouquet pres de la fenetre,” (“Bouquet by the Window”), which carries an estimate of 2.5 million pounds to 3.5 million pounds ($3.8 million to $5.3 million).

The sale follows a Christie’s New York auction last month that raised $706 million and set several records. Pablo Picasso’s painting “Women of Algiers (Version O)” sold at that sale for $179.4 million, the highest sum ever paid for an artwork at auction.

Prices for high-end artworks - especially those by impressionist and 20th-century masters - have soared in recent years as wealthy buyers from Russia, China and the Middle East flex their financial muscles.

On June 24, rival auctioneer Sotheby’s is offering one of the most iconic impressionist images, Edouard Manet’s painting “Le Bar aux Folies-Bergere,” with an estimated price of 15 million pounds to 20 million pounds ($23 million to $30.7 million).

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide