The New York auction season has begun, with auction houses are mixed, showing that art collectors have become more selective in the advanced auction market.
The UK's Financial Times (FT) reported that Christie's (FT) had the most solid performance so far, selling 6120th-century artworks on November 9 at a target of $543.5 million. The art came from the collection of late film director Ivan Ritman and record label executive Moss, with the highest auction being Monet's 2-meter-wide painting, water lily Pond, for $64 million.
Three Cezanne paintings, commissioned by Langmatt, a private Swiss museum, were sold for $44.8 million, less than expected. The museum's sale of paintings is controversial because it should not normally sell the collection, which the director said is to raise emergency funds. The highest auction price was for Cezanne's "fruit and ginger cans," which sold for $38.9 million.
Sotheby's (Sotheby's) sold for $190.4 million on November 13, but several items have outperformed, such as Rothco's "Untitled" for $20.5 million, far exceeding expectations of $7 million to $10 million.
On the night of the 13th, the most outstanding auction price was the 1962 Ferrari GTO, which sold for $47 million, the second highest car auction price ever, but this was not included in the total art sales. The car was sold by RM Sotheby's, which has a 75 percent stake.