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Christie's Achieves Highest Ever Auction in Europe $240M
Natalia Goncharova (1881-1962), Picking Apples, circa 1909, World Record for the Artist at Auction, Estimate: £1,000,000-1,500,000. Sold: £4,948,000 / $9,801,988 / €7,308,196. © Christie's Images Ltd.


LONDON.- Christie’s evening sale of Impressionist and Modern Art held on 18 June 2007 realised £121,127,200/ $239,952,983 / €178,056,984, a record total for any auction ever held in Europe. The top lot of the sale was Waterloo Bridge, temps couvert, 1904 by Claude Monet (1840-1926) which sold for £17,940,000 ($35,539,140 / €26,497,380), the second highest price for the artist at auction. Buyer activity at the auction (by lot) was 22% United Kingdom, 56% rest of Europe, 21% Americas and 1% Asia.

Jussi Pylkkänen, President of Christie’s Europe and auctioneer for the evening (pictured above), and Olivier Camu, International Director and Head of Impressionist and Modern Art at Christie’s, London said:

“This evening’s sale at Christie’s was a landmark event in the history of the art market, realising the highest total for any auction ever held in Europe. The international art market congregated at Christie’s saleroom in London this evening as an ever increasing international group of collectors fought for the exceptional selection of works. The top work of the sale was bought by a private American collector, with 6 of the other top 10 works were won by private European collectors.

Today’s results reflect the continuing confidence and depth of the art market, with thirty works selling for over £1 million and forty-six works over $1 million. The results underlines Christie’s position as the world’s leading art business as we continue to present the best works of art and to invest in the new markets of Russia, Asia and the Middle East, as well as the traditional markets of Europe and North America. We look forward to tomorrow’s Impressionist & Modern Art Day Sales as well as to Wednesday’s Evening Sale of Post War & Contemporary Art.”






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June 21, 2007

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