Addendum: On Sale this Spring For What?

Well, dear reader, the auction results from our little game of match the estimate to the artwork are in. Sotheby’s had a terrible night on Tuesday, not selling some of its bigger works. To add insult to injury, Christies had a pretty good night on Wednesday selling the same artists.

Sotheby’s couldn’t sell its Picasso (estimated at $16-24M) or its Giacometti at the Impressionist and Modern auction. Giacommetti’s The Cat ($16-24M) at Sotheby’s went nowhere, even though the next night at Christies Giacometti’s “Bust of Diego (Stele III)” sold for more than its high estimate of $6.5 million.

On the other hand, Sotehby’s Monet sold for well over its estimate. Six bidders fought for “Sailboat on the River Seine, Argenteuil” that was originally estimated to fetch $1.2-1.8M. It was purchased for $3.4M.

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