Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Navigation
Primary Navigation
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Top Stories
Most Popular
Secondary Navigation
Asia Pacific
World
Search
Search:
Paris auction of Impressionist works falls short
By JOELLE DIDERICH,Associated Press Writer AP - Tuesday, December 2
PARIS - A benchmark Paris sale of Impressionist and Modern paintings that belonged to French fashion designer Jeanne Lanvin fell well short of pre-sale expectations Monday, in a clear signal the financial crisis is hitting the previously resilient art market.
Christie's auction house said in a statement it raised euro7.67 million ($9.67 million) at its evening sale of works by artists including Pablo Picasso and Pierre-Auguste Renoir. It had originally valued the collection at euro20 million ($25.2 million).
The highest-selling work in the sale was Renoir's "Woman with a Parasol Sitting in the Garden," which fetched euro1.16 million ($1.46 million) below its estimate of euro1.2 million ($1.51 million) to euro1.8 million ($2.27 million), according to Christie's.
Only 23 of the 31 lots were sold, it said. Among the paintings that failed to find a buyer was Renoir's "The Tapestry in the Park (Presumed Portrait of Camille Monet)," which had been estimated at euro2.5 million ($3.15 million) to euro3.5 million ($4.41 million).
Further works by artists including Edgar Degas, Eugene Boudin and Camille Pissarro also stayed on the shelf.
"Unsold works are the reflection of estimates considered excessive by the current market, while those paintings with reasonable estimates drew great interest from international collectors," Anika Guntrum, head of Christie's Impressionist and Modern Art department, said in the statement.
Lanvin, who died in 1946 at the age of 79, started off making clothes for her daughter. She went on to become one of France's most influential designers of the 1920s and '30s, creating the classic fragrance "Arpege."
The paintings originally hung in her Paris apartment, designed by the architect and interior designer Armand-Albert Rateau. A portion of the interior is now on show at the Musee des Arts Decoratifs in Paris.
A portion of the proceeds from the sale will go toward two arts charities run by the Polignac dynasty, the aristocratic family which Lanvin's daughter Marie-Blanche married into.
The Lanvin fashion label lives on, under the artistic direction of the critically acclaimed Israeli-American designer Alber Elbaz.
Email Story
IM Story
Printable View
Blog This
Recommend this article
Average (0 votes)
Sign in to recommend this article »
Most Recommended Stories »
Related Articles: Entertainment & Lifestyle
`Cadillac Records' plays song you've heard beforeAP - 1 hour 3 minutes ago
Britney Spears tops Yahoo searchesAP - 1 hour 41 minutes ago
Raconteurs call on Ricky Skaggs for new recordingAP - 2 hours 11 minutes ago
Bedroom Bach? YouTube starts a cyber symphonyAP - 2 hours 19 minutes ago
Mario Lopez in talks to host Miss America againAP - Tuesday, December 2
Enlarge Photo
A woman views "Femme nue au canape", (Naked woman on sofa), an oil on canvas by French painter Pierre-Auguste Renoir, seen at Christie's Paris auction house, Friday, Nov. 28, 2008. The painting, part of the Lanvin collection, will be auctioned Monday, Dec. 1st, 2008. (AP Photo/Christophe Ena)
Most Popular – Entertainment
Viewed
World AIDS Day highlights big challenges 20 years on
Saudi king says 75 dollar oil price 'fair'
Love handles increase death risk: study
World's oldest person dies at 115 years
Michael Jackson strikes 'amicable' deal with Arab sheikh
View Complete List »
Search:
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Top Stories
Most Popular