Picasso, by John Thain, sells $ 29.6 million in auctions



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Christie's started a week of auctions in New York with a nightly sale of Impressionist and modern art on Sunday.

It is part of the semiannual auctions that bring the art world to Manhattan. There is more than $ 1.8 billion in art on offer. Here are the latest developments, updated throughout the evening:

The sale totals US $ 279.2 million, below the low estimate (9:07)

The auction in the Christie's Rockefeller Center sales room is over. The total was $ 279.2 million, below the low estimate of $ 305 million.

Monet's Snowy Giverny scene is better than the high estimate (20h35)

A water lily painting by Claude Monet sold for $ 31.8 million, against an estimated $ 30 million to $ 50 million, while the artist's winter snow scene at Giverny found a buyer at nearly $ 15, 5 million. Its estimate was $ 5 million to $ 8 million.

Marked Artist Auction Records for Arp, Lempicka (8:13 p.m.)

A white curvaceous sculpture by Hans Arp sold for $ 5.8 million, setting an auction record for the artist. A painting by Tamara de Lempicka, "La Musicienne", sold for $ 9.1 million, also an auction record for the artist.

A painting of a Van Gogh garden, valued at $ 40 million, was not sold.

Thain's Picasso sells $ 29.6 million (7:42 pm)

La Lampe, by Pablo Picasso, a 1931 painting depicting the artist's young lover, Marie-Therese Walter, raised $ 29.6 million. It was estimated at $ 25 million to $ 35 million. The anonymous seller of the work was Wall Street veteran John Thain, according to a person with direct knowledge of the subject. He owned since 2008.

A smaller Picasso portrait of Marie-Therese Walter in an orange beret, estimated at $ 15 million to $ 20 million, was not sold, as was the Monet & # 39; s Escalier à Vétheuil, with a high estimated at US $ 18 million.

Picasso was responsible for about a quarter of the lots on sale tonight. The grandson of the Spanish artist, Olivier Widmaier Picasso, 55, was among the crowd of dealers and collectors present on the sale. DM

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