Nov 13, 2022
Lobus Market Intelligence
Visionary: The Paul G. Allen Collection Part I
Christie’s, November 9th in New York
Part I totaled $1,297,750,000 hammer against a low estimate of $1,064,900,000.
Key highlights of the sale included the Seurat, the Cézanne, and the Van Gogh.
Pre-sale Estimate: $1,064,900,000 — $1,230,300,000
Hammer: $1,297,750,000
Hammer & Buyer’s Premium Total (As Published by House): $1,506,386,000
Lots Offered: 61
Lots Sold: 60
Lots Bought In: 0
Lots Withdrawn: 1
Sell through rate: 100% by Value
Sell through rate: 100% by Lot
Top Prices
Low Estimate / Hammer
8 Seurat $100,000,000 / $130,000,000 (3P)
14 Cézanne $120,000,000 / $120,000,000 (3P)
22 Van Gogh $100,000,000 / $102,000,000 (3P)
11 Gauguin $90,000,000 / $92,000,000 (3P)
17 Klimt $90,000,000 / $91,000,000 (3P)
Vincent Van Gogh, Verger avec cyprès, 1888 (Source: Christie’s)
Paul Gauguin, Maternité II, 1899 (Source: Christie’s)
Gustav Klimt, Birch Forest, 11903 (Source: Christie’s)
Artwork Created in the Last Ten Years
Low Estimate / Hammer
61 Thiebaud $3,000,000 / $5,000,000 (3P)
Financial Deals
The sale was 100% guaranteed by the house. Risk on 87.45% was laid off to third parties.
Sold At or Below the Low (13)
Low Estimate / Hammer
14 Cézanne $120,000,000 / $120,000,000 (3P)
23 Dalí $4,000,000 / $4,000,000 (3P)
27 Manet $45,000,000 / $45,000,000 (3P)
29 Johns $3,000,000 / $2,300,000 (G)
34 Freud $75,000,000 / $75,000,000 (3P)
38 Klee $1,800,000 / $850,000 (G)
39 Marden $15,000,000 / $11,500,000 (3P)
41 Monet $60,000,000 / $56,000,000 (3P)
49 Johns $15,000,000 / $15,000,000 (3P)
51 Ernst $2,000,000 / $2,000,000 (3P)
52 Bacon $25,000,000 / $25,000,000 (3P)
54 Tansey $3,000,000 / $3,000,000 (3P)
57 Johns $10,000,000 / $10,000,000 (3P)
Sold Above the Low (47)
Low Estimate / Hammer
1 Picasso $600,000 / $2,800,000 (3P)
2 Calder $2,500,000 / $6,500,000 (3P)
4 Steichen $2,000,000 / $10,000,000 (G)
5 Hockney $3,000,000 / $5,000,000 (G)
6 Signac $28,000,000 / $34,000,000 (3P)
7 Seurat $1,000,000 / $1,800,000 (G)
8 Seurat $100,000,000 / $130,000,000 (3P)
9 O’Keeffe $6,000,000 / $23,000,000 (G)
10 Picasso $3,000,000 / $7,900,000 (3P)
11 Gauguin $90,000,000 / $92,000,000 (3P)
12 Sargent $800,000 / $3,000,000 (G)
13 Bonnard $3,000,000 / $5,500,000 (3P)
15 Klee $1,200,000 / $4,000,000 (3P)
16 Van Gogh $3,000,000 / $3,100,000 (3P)
17 Klimt $90,000,000 / $91,000,000 (3P)
18 Martin $4,000,000 / $5,000,000 (G)
19 Hepworth $3,000,000 / $7,200,000 (G)
20 Magritte $12,000,000 / $23,000,000 (3P)
21 Le Sidaner $1,500,000 / $1,700,000 (G)
22 Van Gogh $100,000,000 / $102,000,000 (3P)
24 Canaletto $5,000,000 / $8,800,000 (G)
25 Botticelli $40,000,000 / $42,000,000 (3P)
26 Cross $2,000,000 / $8,000,000 (G)
28 O’Keeffe $4,000,000 / $10,400,000 (G)
30 Johns $45,000,000 / $48,000,000 (3P)
31 Richter $5,000,000 / $8,200,000 (G)
32 Giacometti $15,000,000 / $21,500,000 (3P)
33 Wyeth $2,000,000 / $20,000,000 (G)
35 Tanguy $2,500,000 / $2,800,000 (3P)
36 Brueghel $4,000,000 / $7,200,000 (G)
37 Rivera $7,000,000 / $12,000,000 (3P)
40 Ernst $8,000,000 / $21,000,000 (3P)
42 Benton $1,500,000 / $4,600,000 (G)
43 Hockney $10,000,000 / $20,000,000 (3P)
44 Richter $6,000,000 / $7,800,000 (3P)
45 O’Keeffe $4,000,000 / $13,000,000 (3P)
46 Turner $28,000,000 / $29,000,000 (3P)
47 Parrish $2,000,000 / $5,500,000 (G)
48 Kandinsky $10,000,000 / $20,000,000 (3P)
50 Hockney $8,000,000 / $16,000,000 (G)
53 Bourgeois $1,500,000 / $2,800,000 (G)
55 Canaletto $2,500,000 / $10,000,000 (3P)
56 Turner $2,500,000 / $3,800,000 (3P)
58 Francis $4,000,000 / $11,500,000 (G)
59 Hockney $5,000,000 / $6,500,000 (3P)
60 Miró $4,000,000 / $4,200,000 (3P)
61 Thiebaud $3,000,000 / $5,000,000 (3P)
Bought In (0)
Withdrawn (1)
3 Magritte (G)
Financial Deals — Key Terms
S — Stock
3P — Third Party
G — Guarantee
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