Will this Vincent Van Goph painting sell for >$50 million at its upcoming Christie's auction? (pic included)
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Sep 26
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From coverage in ARTnews:

Unseen for 30 Years, Van Gogh Harbor Scene Is Poised to Shatter Auction Records in Asia

If the high estimate [$49 million] is met, Les canots amarrés will become the most expensive work by a Western artist sold at auction in Asia, beating the present record-holder, Jean-Michel Basquiat’s 1982 painting Warrior, which fetched HK$323.6 million ($41.7 million) at Christie’s in 2021.

Auction link: Vincent Van Goph - "Les canots amarrés"

The pre-auction estimate is HKD 230,000,000 – HKD 380,000,000 (i.e. USD 29.5 million - USD 48.7 million) This market resolves YES if the final sale price listed on the Christie's website is >50 million USD.

Resolution details

  • Example from a past auction: this painting by Gentileschi has a "price realised" of USD 982,800. This is the equivalent number I will use—whatever is displayed by the auction page.

  • Note that the final listed sale price typically includes the buyer's premium (and potentially other fees).

  • If the lot is withdrawn before the auction, this market resolves N/A. If it is bid on at the auction, but does not ultimately sell, it resolves NO.

  • The sale price may be reported in HKD. If Christie's also reports a USD price, I will use that. Otherwise, I will use the Yahoo currency converter on the day I resolve the market.

Painting details

As a result of these influences, Van Gogh forged forward with the creation of his own painterly style, both in terms of subject matter and handling. Leaving behind the dark, earthy tones of his realist paintings, he looked to the distinctive handling of the pointillists, experimenting with this radical mode of facture, which lightened and refined his painterly touch, allowing his canvases to be filled with a sense of atmosphere, as seen in Les canots amarrés. The implementation of the carefully calculated scientific theory that Seurat and Signac practiced in their painting, did not ultimately appeal to Van Gogh, who went about discovering his own, more instinctive way with colour. Instead of the prescribed pointillist dot painstakingly placed on the canvas, Van Gogh preferred longer strokes, as seen in the present work, as well as an often more irregular combination of dots, dashes, and hatched, parallel strokes depending on the motif or object he was painting. (Lot essay)

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