RIVALS Christie’s and Sotheby’s are expecting to hold their biggest ever London sales later this month, reflecting growing confidence in the art market boom.
Christie’s announced yesterday it was offering a 1906 Monet water-lily painting worth an estimated £30m to 40m –?the same price as a Blue Period portrait by Pablo Picasso.
The pair, plus 61 other works on offer, are expected to take the tally on 23 June to £164-231m which, if realised, would be well above the London record of £147m set at Sotheby’s in February.
Sotheby’s said it expected to sell art worth £101-148m at its equivalent sale on 22 June, its highest pre-sale estimate in London.
Its auction centrepiece is a painting by Edouard Manet valued at £20-30m, one of just two self-portraits by the artist.