Christie’s | New records for Balthus and…

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Balthus’ Thérèse sur une banquette (1939)
On May 13 in New York, the Impressionist and Modern evening sale at Christie’s scooped an impressive total of $399m (fees included). The 63 lots on offer had a total estimated value of between $287.6m and $399.8m (fees not included).

 

The pieces on sale largely came from the collections of S.I. Newhouse, Drue Heinz, Dorothy and Richard Sherwood and H.S.H. Princess “Titi” von Fürstenberg.

 

The Low-Down:

 

— From the S.I. Newhouse collection – who acquired the piece in 1999 for $26.5m – Paul Cézanne’s painting Bouilloire et fruits (1888-90) scooped $59.3m, making it the biggest sale of the evening.

 

— Nine lots didn’t find a buyer.

 

 

Pierre Bonnard, Terrasse ou une terrasse à Grasse (1912)

 

 

— Forty-five lots sold for over a million dollars.

 

— Six sold for over twenty million.

 

— With an estimate of between $12m and $18m, Balthus’ Thérèse sur une banquette (1939) went for $19m, a new record for the artist.

 

— With an estimate of between $5m and $8m, Pierre Bonnard’s La Terrasse or Une Terrasse à Grasse (1912) sold for $19.6m, setting a new record for him, too.

 

More information available here.