Works by Kandinsky & Monet Stand Out at Christie's Sale

Claude Monet, Nymphéas, oil on canvas, painted in 1905. Images courtesy of Christie's.

DESPITE a sluggish world economy, the 1 percent is doing quite well, if recent results at Christie’s are any indication.

During the auction house’s evening sale of Impressionist and Modern Art last week, works by Monet and Kandinsky fetched notable prices. A private U.S. buyer made the winning bid of $43.7 for Monet’s Nymphéas. It is the second highest recorded auction price for a work by the artist.

Wassily Kandinsky, Studie für Improvisation 8, oil on card mounted on canvas, painted in 1909.

Studie für Improvisation 8 was sold to a European private buyer for $23 million, the largest price ever paid for a work by Kandinsky.

The two-day auction of somewhat rare pieces, where works by Brancusi, Miró, Picasso and Renoir, were also on the block, generated $244.7 in sales.

On Wednesday and Thursday (14 and 15 Nov.), Christie’s Evening Sale series marches on with Post-War & Contemporary Art.

Visit http://www.christies.com to learn more about the two-day Impressionist & Modern Art sales and the Evening Sales series.