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The Art Quarterly: Contemporary Art Magazine Online

November 09, 2006

Impressionist and Modern Masters net 1/2 of a billion at auction

New York: According to the New York Times,
Christie's sold almost $500 million at it's featured event.
Luminary collectors like Lauder and Andrew Lloyd Weber made this historic night what it was. Andrew Lloyd Weber, one of the supporters behind fine artist Robert Heindel, was actually unable to sell his Blue Period Picasso portrait. The article indicates that the Picasso was withdrawn from auction due to it's alledged connection with the wrongful siezures of Jewish owned art by the Nazi's during the Holocaust. Even without the sale, the evening once again set a higher pricing threshold for postwar art - something that was discussed at the GALLERY M Modern Master's selling exhibit on October 21,22 and 23.

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