This market is a duel between two paintings listed at Sotheby's
"Modern Evening Auction" in New York.
Both were given the same estimate by Sotheby's: 2,000,000 - 3,000,000 USD. This market resolves to the painting which sells for a higher value at auction.
Resolution details:
Example from a past auction: This painting by Vigée Le Brun sold for 3,085,000 USD. This is the equivalent number I will use.
Edge cases:
If one fails to sell for any reason, it resolves to the other.
If there's a tie (or they both fail to sell), both resolve at 50%.
If any scenarios for resolution are unclear, please ask.
Pierre-Auguste Renoir - Portrait d'Edmond Maître
This charming depiction of one of Renoir’s closest friends brims with the energy and familiarity of the best Impressionist portraits, a genre that Renoir, more than any other member of the Impressionist circle, would dominate in the decades to come, creating some of the most quintessential images of the time.
Georgia O'Keeffe - Lake George Barn
This contrast between city and country living is extremely evident in O’Keeffe’s paintings from the period, in which dazzling skyscrapers dominate her canvases with as much frequency as rustic barns. Spending each fall in the Adirondacks proved immensely productive for O’Keeffe, who converted one of the barns on the Stieglitz’s property into a studio space and thrived in the quiet, sun-drenched atmosphere. Lake George Barn, executed in 1929, captures the deep red palette of autumn in the Adirondacks and illustrates the increasingly Precisionist style that characterizes O’Keeffe’s pictures from the 1920s.
For more art auctions, check out the dashboard.
1,000
3.00
@traders Here's some coverage for the auction:
After tepid sales results during the first two nights of the marquee art auctions in New York, Sotheby’s Modern evening sale netted $235 million, led by Claude Monet, Leonora Carrington, René Magritte, and Alexander Calder.
The Renoir & O'Keeffe weren't noteworthy enough results to make the news.
This is the big art auction week, so I expect there will be a lull after this. In the meantime, here are some auctions for million dollar jewelry: