Published: November 12, 2002
Picasso’s ‘Le peintre et son modèle’ Brings $889,500 in New York
NEW YORK CITY — Christie’s day sale on November 7, Impressionist and Modern art at Rockefeller Center, totaled $20,130,055. The top lot was Pablo Picasso’s “Le peintre et son modèle,” 1964, which sold for $889,500. Andre Derain’s “Le jardin,” 1899, was the second highest lot, selling for $592,500 to the European trade. Marc Chagall’s “La piste du cirque,” circa 1967, brought $526,500.
The sale was 77 percent sold by lot and 77 percent by value. Combined with the previous evening’s results, Christie’s fall 2002 sales of Impressionist and Modern Art realized a total of $87,643,055.
“There was solid and spirited bidding for works on paper, paintings and sculpture for both Impressionist and Modern works throughout the sale,” said Cyanne Chutkow, senior vice president in Christie’s Impressionist and Modern Art department. “We were especially pleased with the strong price achieved for Picasso’s ‘La peintre et son modèle’ and for the exceptionally rare early Derain ‘Le jardin.’ Competition between private collectors and the trade was vigorous for works at all levels, confirming the solid and steady market that we saw at the November 6 sale. We look forward to our next sales in London in February.”
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