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CHRISTIE'S FIAC WEEK AUCTIONS ACHIEVE ALMOST 43 MILLION EUROS
19 October 2018
Category : MARKET

Christie's FIAC Week auctions in Paris were concluded on Thursday 18 October with a total of €42,983,625, the second highest figure for this marquee week. The highlight of this week was Picasso's 1922 Guitare, bouteille et compotier which reached an impressive €3,982,500 while world auction records were set for 2 artists including for Belgian artist Pierre Alechinsky whose Mur d'oiseaux sold for €1,387,500, nearly four times its presale estimate.

The Paris Avant-Garde sale achieved a total of €29,602,250 selling 98% by value and 88% by lot, against a presale estimate of €17,850,000. The Impressionist and Modern art section realised €11,431,000, including Fernand Léger's Nature morte which sold for €1,039,500 and Chaïm Soutine's La place de la Liberté à Céret sold at €877,500. The Contemporary art section totalled €18,278,000 with a strong price established for Zao Wou Ki's 01.04.1986 which sold for €2,857,000 against a presale estimate of €800,000-1,200,000 and for Pierre Soulages' Peinture 97 x 130cm, 5 juin 1962, sold at €2,632,500.

The Impressionist and Modern Art sale which took place on Thursday 18 October realised €10,139,750 against a presale estimate of €7,945,800. During the sale, strong prices were achieved for the most celebrated and sought-after impressionist and modern artists including Marc Chagall with Les mariés au bord de la Seine which sold for €1,543,500, James Ensor with Gestes de nymphes sold over estimate for €679,500 and Jeanne Hébuterne with an Autoportrait sold for €247,500 more than four times its presale estimate.

Christie's FIAC week concluded with the sale of the collection of Bénédicte Pesle which sold 100% of the lots achieving €3,241,625 doubling its presale estimate. The top lot of the sale is Max Ernst Âmes Soeurs which sold for €787,500 doubling its presale estimate, followed by James Bishop which work titled Blue, green, red realised a strong €223,500. Strong prices were also achieved for Bob Wilson, a close friend of Bénédicte, which chair used for the Einstein on the Beach Opera sold for €42,500.

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