OVERVIEWThe Sotheby’s Art Impressionniste et Moderne Auction is scheduled on March 23, 2018. Last year, the same auction garnered sales of €4.3 million from 67 Lots. This sale offers an exceptional selection of works by some of the most important and sought-after artists. The auction boasts a masterpiece from Amedeo Modigliani titled “Portrait Inacheve de Paul Alexandre - Recto; Etude de Nu Masculin - Verso,” painted in 1913. The sale also features outstanding works by Kees van Dongen, Camille Pissarro, Fernand Leger, Bernard Buffet and Rik Wouters. Six months after the Impressionist and Modern sale that was held for the first time during the FIAC and which saw the works by Chagall triumph alongside the new concept of ‘Modernités,’ an auction which brought together Modern and Contemporary Art, a new edition of the sale will present a selection of paintings and sculptures. Across this panorama which begins with the first glows of Impressionism and reaches to the dawn of the 1950s, an important place will be given to undiscovered works, such as a painting by Amedeo Modigliani, to begin with, which comes from the Paul Alexandre Collection, the first patron of the artist. The painting representing a three-quarter portrait of Paul Alexandre is elegant and emerges through a superb palette of blues and greens. A painting by Pissarro is yet another remarkable and original work. It is from the Philippe Bemberg Collection. With its blue and pink iridescences, “Le Pont-Royal, Apres-midi, Temps Couvert, 4e Serie,” is a moving testimony to the last urban and Parisian series produced by the painter. Two large paintings by Van Dongen “Les Amies” and “Portrait de femme assise” date from the 1920s. In the first work, it’s the fascination of the painter with the beauty of the female body which is revealed and which owed him the nickname of ‘psychologue du corps’ or psychologist of the body by the art critics of the time. The eroticism emanating from this double portrait of female nudes is subtly nuanced by a veil of mystery. This year, the auction is expected to realize a sale between €9.5 million to €13.7 million and there are 69 works of 42 artists on offer. Blouin Artinfo takes this opportunity to present numerical insights of this upcoming auction.Analytical Insights powered by BASI (Blouin Art Sales Index): • Past Auctions at a glance. How the Art Impressionniste et Moderne auctions have performed in the past, and the artists who have been on top in the last 3 years.• Lots on offer in various estimated low price bands (in EURO).• Top artists by estimated sales in the upcoming auction.• Top artworks on offer by estimated sale.• Amedeo Modigliani, Kees van Dongen and Camille Pissarro — Sale Price of similar sized artworks in the last 5 years. 1. Past Auctions at a glance:The sales in the last 5 years have seen an upward trend until 2014 (at €23.8 million). 2017 saw a low point at €4.4 million. This year, we expect sales to cross last year’s mark. Out of 67 lots on offer, 20 percent lots were bought-ins in 2017. The status of bought-ins over years is also shown in the above graph.Performance of Top Artists (in this sale) in the last 3 years Edgar Degas was the top artist of 2017 sale, realizing a total sale of €600K with 1 lot. Kees van Dongen, Victor Brauner, Auguste Rodin, Eugene Boudin and a few others have been consistently featuring in this sale year on year. The sale performance of the top artists in the last 3 years is shown in the graph above.2. Upcoming Auction on March 23, 20182.1 # of Lots on Offer in various estimated low price bands (in EURO).Most (34) of the artworks in this sale are offered in the estimated price band of €10K to €50K. There are about 2 lots (2 artists) in this auction that are expected to sell in the price range of €500K to €1 million.3. Top Artists on Offer by Estimated SalesThe graph above shows the top artists featuring in this auction, their number of lots on offer and expected sales (estimated low and high). Eugene Boudin has the most artworks (4) in this sale followed by Amedeo Modigliani.4. Top Artworks on Offer by Estimated SalesOther top artworks on offer by estimated price (high and low) are presented in the graph below. Amedeo Modigliani’s “Portrait Inacheve de Paul Alexandre - Recto; Etude de Nu Masculin - Verso” is expected to be the top-selling artwork of this auction, estimated to sell for between €1.8 million and €2.5 million. The other top artworks on offer are: “Les Amies” by Kees van Dongen that is expected to sell for between €1.2 million and €1.8 million and Camille Pissarro’s “Le Pont-Royal, Apres-midi, Temps Couvert, 4e Serie” that is expected to sell for between €1 million and €1.5 million.5. Sale of Similar Sized Artworks of the Top ArtistsAmedeo Modigliani: Sale Price of similar sized artworks in the last 5 years (across all auctions)“Portrait Inacheve de Paul Alexandre - Recto; Etude de Nu Masculin - Verso” by Amedeo Modigliani is the expected top lot on offer, estimated to sell for between €1.8 million and €2.5 million. The prices at which similar sized artworks (79 x 66 cm) of Amedeo Modigliani sold in the last 5 years (2012 to 2017) are shown here. Amedeo ModiglianiPortrait Inacheve de Paul Alexandre - Recto; Etude de Nu Masculin - VersoSize: 78.6 x 65.8 cmMedium: oil on canvasExecuted in 1913At one end of the spectrum, artworks of similar size (79 x 66 cm) have sold for as high as $42 million to $170 million, and at the other end, there are others that have sold for as low as $7 million to $25 million. Kees van Dongen: Sale Price of similar sized artworks in the last 5 years“Les Amies” by Kees van Dongen is one of the top artworks on offer, estimated to sell for between €1.2 million and €1.8 million. The prices at which similar sized artworks (74 x 59 cm) of Kees van Dongen sold in the last 5 years (2012 to 2017) are shown here. Kees van DongenLes Amiessigned van Dongen(upper right)Medium: oil on canvasSize: 74 x 59 cmExecuted in circa 1925At one end of the spectrum, artworks of similar size (74 x 59 cm) have sold for as high as $3.3 million and at the other end, there are others that have sold for as low as $253,187.Camille Pissarro: Sale Price of similar sized artworks in the last 5 years“Le Pont-Royal, Apres-midi, Temps Couvert, 4e Serie” by Camille Pissarro is also one of the top artworks on offer, estimated to sell for between €1 million and €1.5 million. The prices at which similar sized artworks (51 x 65 cm) of Camille Pissarro sold in the last 5 years (2012 to 2017) are shown here.Camille PissarroLe Pont-Royal, Apres-midi, Temps Couvert, 4e Serie signed C. Pissarro and dated 1903 (lower right) Medium: oil on canvasSize: 50.6 x 65.2 cmExecuted in 1903At one end of the spectrum, artworks of similar size (51 x 65 cm) have sold for as high as $4.3 million and at the other end, there are others that have sold for as low as $1 million.To view the top lots of this auction, click here
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