Christie's Auction in London Brings a Soft Total on Eve of Brexit Vote

  • June 22, 2016 20:25

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Madame Hanka Zborowska (1917) by Amedeo Modigliani was the sale's top lot at 8.3 million pounds.
Christie's

On the eve of the referendum that decides whether the U.K. stays in the European Union, Christie's had its smallest tally for a major evening sale of Impressionist and modern art in more than a decade.

The sale total came to 25.6 million pounds ($37.8 million), well below its presale estimate of 32.8 million pounds to 48.7 million pounds. Twelve of the 33 offered works failed to sell, including a subtle landscape of 1872 by Claude Monet that carried a guarantee for the seller. It was expected to bring between 4.5 million pounds to 6.5 million pounds.

The evening’s total was a 64 percent decline from a year ago. Christie's London series will later include a themed auction with star lots to commemorate the company’s 250th anniversary on June 30. 

Read more at Bloomberg


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