Impressionist and modern art brought Christie's 111,3 million dollars

[Тютчев]

Impressionist and modern art brought Christie's 111,3 million dollars

At the auction, Impressionist and modern art, Christie's held in New York on the evening of May 4, sold the lots for a total amount of 111,3 million dollars. Together with the sale of works from the collection of Sidney Brody overall result of evening trading impressionists and modernists at Christie's totaled over 335 million.
The most expensive lot, not related to the collection of Brody, as predicted, was the work of sculptor Alberto Giacometti's "The Hand" (La Main, 1948) sold for 25.8 million dollars in the preliminary assessment at 10-15 million. In early February 2010 "Walking Man" Giacometti was sold at Sotheby's for 65 million pounds (104.3 million dollars at the exchange rate at the time), setting a record price for the auction. Record was updated May 4, when a painting by Picasso "Nude, green leaves and bust" from the collection Brody went for 106.482 million dollars.

On the auction Impressionist and modern art were sold two works by Picasso, were considered the top lots. "A woman with a cat in the chair" (Femme au chat assise dans un fauteuil, 1964) went under the hammer for 18 million when Estima at 10-15 million, and "The Artist and his Model" (Le peintre et son modele, 1964) - for 10,7 million, slightly above the upper limit of the preliminary assessment.

Also exceeded the estimate with the success achieved operation Auguste Renoir's "Nude on the couch. Gabrielle" (Femme nue couchee, Gabrielle, 1903). Before trading began painting Renoir expected to sell for 7-9 million, and the lot finally went for 10.1 million dollars.

Not found a buyer for another top-lot trades - painting by Edvard Munch "Abundance", created in late 1890. "Abundance" was planned to sell for 25-35 million dollars.

http://www.lenta.ru/news/2010/05/05/sale/

[sur]

Tiutchev, what do you think the financial transactions of amounts over $ 100 million are the only games in the "king of the mountain?
 
Or actually buying? In what I believe is very weak.

 Many expected the return of Picasso at the top of the price peak and it was held.

 What other benefits are participants of such games, in addition to meeting their own vanity?
 I think that this kind of financial transactions rather expensive, but costs should at least pay off.
 
 If we assume that someone owns a large number of works of these authors and is interested in their high market value, why are all the same, so in principle, be it in the first place the world's TOP-s?

 Interesting to hear your opinion about these transactions.