Christie’s London to Paris sale makes a steady $248 million, led by blue-chip mainstays and a $12.4 million Jeff Koons monkey:
Christie’s London to Paris Sale Makes a Steady $248 Million, Led by Blue-Chip Mainstays and a $12.4 Million Jeff Koons Monkey
A sale of 20 fresh-to-market works by Marc Chagall set the tone for Christie’s marathon evening sales in London and Paris on Tuesday, kicking off another busy art week in the British capital that includes summer auctions and the first in-person edition of the Masterpiece art fair in three years. Amid a tumbling stock market in the U.S., a cryptocurrency crash, and rampant inflation, this marked the first test of the market in what
Christie’s reported bids from 35 countries: 48 percent came from Europe, the Middle East, and Africa; 29 percent from the Americas; and 23 percent from the Asia Pacific region. Among first-time bidders and buyers, 18 percent came from Asia and 14 percent were millennials.The Chagall works came directly from the artist’s estate and had never before been offered at auction. A bright spot, they delivered £9.7 million , head and shoulders above the £6.5 million high estimate.
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