Masterpieces and artist records set at Christie’s 20th-century art auction

  • Christie’s auction of 20th-century art realized nearly US$641 million
  • Claude Monet’s Le bassin aux nympheas sold for US$74 million
  • Records were set for Richard Diebenkorn, Joan Mitchell, and Arshile Gorky
  • 97% of the offered works sold
  • The auction included works from the collections of Ivan Reitman, Jerry Moss, and David Geffen

Christie’s auction of 20th-century art on Thursday evening achieved remarkable results, with a total of nearly US$641 million. The auction featured several record-breaking sales, including Claude Monet’s Le bassin aux nympheas, which sold for US$74 million. Richard Diebenkorn’s Recollections of a Visit to Leningrad, 1965, and an untitled painting by Joan Mitchell from 1959 also set new records for the artists. Overall, 97% of the offered works were sold, demonstrating the strong demand for top-notch art. The auction included works from the collections of Ivan Reitman, Jerry Moss, and David Geffen, adding to its prestige and allure.

Factuality Level: 8
Factuality Justification: The article provides factual information about the Christie’s auction of 20th-century art, including the prices at which certain artworks were sold and the records that were broken. The information is specific and verifiable, and there is no obvious bias or opinion presented. However, the article does contain some unnecessary background information and details that are tangential to the main topic, which slightly lowers the factuality level.
Noise Level: 3
Noise Justification: The article provides a detailed report on Christie’s auction of 20th-century art, including the prices achieved for various artworks and the records broken. However, it lacks analysis or insights beyond the auction results and does not provide any actionable information or new knowledge for the reader.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information about the results of Christie’s auction of 20th-century art, including the sale of Claude Monet’s Le bassin aux nympheas for US$74 million. It also mentions artist records for Richard Diebenkorn, Joan Mitchell, and Arshile Gorky. The total sales from the auction were nearly US$641 million.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the results of an art auction and the prices achieved for various artworks. However, there is no mention of any extreme events or their impacts.
Public Companies: Christie’s (null), Sotheby’s (null)
Private Companies: A&M Records
Key People: Jussi Pylkkanen (Christie’s auctioneer and global president), Richard Diebenkorn (), Joan Mitchell (), Arshile Gorky (), Claude Monet (), Francis Bacon (), Mark Rothko (), Pablo Picasso (), David Geffen (Media mogul), Jerry Moss (), Tamara de Lempicka (), Frida Kahlo (), Barbara Hepworth (), Joan Snyder (), Fernando Botero (Colombian artist), Paul Cézanne ()

Reported publicly: www.barrons.com