Impressionist 'chef' cooks up record art sale

An Impressionist oil painting depicting a chef in his whites has fetched a tasty USD 18 million -- the most ever paid at auction for a work by the artist Chaim Soutine.
Soutine's "Le Petit Patissier" (The Little Pastry Chef), was the highlight of the Christie's auction in New York on Wednesday. It was estimated before the sale to be worth USD 16-22 million.
Christie's said Soutine's rosy-cheeked chef, the sixth of a renowned series painted in about 1927, set an auction record for the Russian-born French artist. The previous highest result for any of his works was USD 17.2 million in London in 2007.

Marc Chagall's unusual "Three Acrobats" was the second most expensive work at the Manhattan sale, taking USD 13 million, well over the USD 6-9 million estimate.
However, Andre Derain's 1905 "Portrait de Madame Matisse au kimono," estimated at USD 15-20 million, failed to find a buyer. Christie's had heralded the painting of Matisse's wife as "the most important portrait" ever auctioned by Derain, the co-founder of Fauvism.
There was better news for Egon Schiele's "Selbstbildnis mit Modell (Fragment)," from 1913. It had been estimated at USD 5-7 million, but sold for USD 11.3 million.

Christie's said the overall performance showed a strong market, with 94 per cent of 49 lots selling. Four of these sold for more than USD 10 million and 10 others for more than USD 5 million.

On Tuesday, rival Sotheby's also had robust results, with a record USD 15.3 million paid for a version of Rodin's sculpture "The Thinker." It also sold Paul Cezanne's "Les Pommes," a landmark in modern art history, for USD 41.6 million.
Brooke Lampley, Christie's head of Impressionist and modern art, said that with "all but three works sold and exceptional sell-through rates of 94 per cent by lot and 90 per cent by value, this sale ranks among the strongest we have hosted in this category in New York.
"In all, it was gratifying to witness a sophisticated and intelligent market at work, and see the strong collecting trends from our winter sales in London gain even more momentum here in New York.