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Christie’s Sees Success With First Combined Sale

Christie’s Sees Success With First Combined Sale

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Interesting report from ArtInfo:

Christie’s first sale to combine Old Master paintings and drawings and 19th-century art had a decided buzz about it. A standing-room-only crowd more than filled the room for the evening sale on July 7 and stayed for the entire two-hour auction. The event was a strong success, beating the pre-sale estimate of £15 million ($24.1 million) to realize a total of £20,549,650 ($32,840,444). Of the 63 lots offered, 48 sold, for a sell-through rate of 91 percent by value and 76 percent by lot. Despite the new dual concentration, the sale did lean rather heavily toward Old Masters, with 51 of the 63 lots in that category, including all of the top 10 lots; the later offerings, including drawings by Jean Auguste Dominique Ingres and Samuel Palmer and a watercolor by J.M.W. Turner, tended more toward the low or mid-range. – from ArtInfo