Christie’s Impressionist and Modern Art Sale Underwhelms

An auction at Christie's. An auction at Christie's. Wikimedia Commons

On Wednesday, June 22, Christie’s Impressionist and Modern Art Sale netted $37.8 million—the lowest grossing evening sale in the category in over a decade. The auction fell short of its presale estimate and twelve of the thirty-three lots offered failed to sell. The sale followed a smashing auction at Sotheby’s, which garnered $151.9 million. The auction at Christie’s took place the night before the controversial Brexit vote in the UK.

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