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Wednesday, 8 February 2012 - Records tumble at Christie's art sale |
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It can also track the mobile user's location using GPS.  Video  The Exchange: Guns, Strippers and Money Dickens legacy endures Fashionistas prepare to camp out in New York Follow Reuters Facebook Twitter RSS YouTube Read Three-state sweep revives Santorum's White House hopes 2:01am EST Romney's lead dips despite wins: poll 07 Feb 2012 Chinese official takes "leave" in blow to ambitious Bo Xilai 1:01am EST U.S. authorities looking into Murdoch foreign payments 07 Feb 2012 Hacker releases Symantec source code 07 Feb 2012 Discussed 450 FBI warns of threat from anti-government extremists 195 Job growth seen slowing after holiday boost 113 Romney’s lead dips despite wins: Reuters/Ipsos poll Watched Jet engine bike passes test-fire trial ahead of speed record bid Mon, Feb 6 2012 Europe's roads buried under snow and ice Tue, Feb 7 2012 Obama hosts science fair Tue, Feb 7 2012 Records tumble at Christie's art sale Tweet Share this Email Print Related News Top auction houses to put art market rally to test Mon, Feb 6 2012 Einhorn, Greenlight fined for UK market abuse Wed, Jan 25 2012 Female nude by Bacon may fetch $28 million at Christie's Fri, Jan 20 2012 Silent film "The Artist" leads BAFTA nominations Tue, Jan 17 2012 Art auctioneers see strong 2012 start, Miro in focus Mon, Jan 16 2012 Analysis & Opinion Xstrata holders right to fret over Mick’s rewards How to end the banker backlash Related Topics Entertainment » Fashion » Arts » Lifestyle » By Mike Collett-White LONDON | Tue Feb 7, 2012 7:25pm EST LONDON (Reuters) - Christie's on Tuesday kicked off a fortnight of major London art sales with a bang, hitting or exceeding the most optimistic pre-sale expectations and extending 2011's record-breaking run into the new year. At its impressionist and modern evening sale, the world's largest auctioneer sold works worth 97.8 million pounds ($155 million), which was toward the top end of estimates. The Art of the Surreal auction raised an additional 37.2 million pounds ($59 million), well above the valuation range of 19.6-29.1 million pounds, although the total included buyers' premiums whereas pre-sale estimates did not. According to preliminary figures, Christie's overall sold art worth 135.0 million pounds (slightly under $214 million), topping the high estimate of 127.1 million pounds as the London art world enters a two-week period of auctions that are off to a strong start. British sculptor Henry Moore was the night's top lot. His "Reclining Figure: Festival" soared to 19.1 million pounds ($30.3 million) compared with pre-sale estimates of 3.5-5.5 million. Christie's said it was an auction record for the artist. In the surreal section, Christie's also smashed the auction record for Spanish painter Joan Miro when "Painting-Poem" went for 16.8 million pounds ($26.6 million), double its estimate. Vincent Van Gogh's "Vue de l'asile et de la Chapelle de Saint-Remy", from the collection of the late Hollywood actress Elizabeth Taylor, raised 10.1 million pounds ($16 million) versus expectations of 5.0-7.0 million. "As the crown jewel of her art collection, we are delighted with the price achieved for Van Gogh's 'Vue de l'asile', a profoundly beautiful work from one of creative high points of the artist's career," Marc Porter, Chairman of Christie's Americas, said in a statement. Juan Gris' "Le livre" went under the hammer for 10.3 million pounds, just short of the low estimate of 12 million. The strong night launches Christie's into the new year on a positive note after it posted record revenues of 3.6 billion pounds in 2011, an increase of nine percent from 2010. Those figures underlined the ongoing strength of the "blue chip" art market that concentrates on top artists and rare works. Emerging collectors from mainland China have been a driving force, and experts also believe investors are considering art as an alternative to stocks, bonds and currencies given the strength of the market in the last two years. Rival Sotheby's holds its equivalent auction on Wednesday evening, and the two companies stage a second series of post-war and contemporary sales the following week. Combined, the auctioneers are offering art worth in excess of 500 million pounds (roughly $800 million). (Reporting by Mike Collett-White; Editing by Bob Tourtellotte) Entertainment Fashion Arts Lifestyle Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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