Tuesday, 29 March 2011

M/M MONET’S LES PEUPLIERS TO HIGHLIGHT CHRISTIE’S IMPRESSIONIST & MODERN EVENING SALE IN NEW YORK MAY 4

Largest Painting from Monet’s Celebrated Poplars Series Expected To Fetch $20 Million to $30 Million






















CLAUDE MONET (1840-1926) Les peupliers, oil on canvas, painted in 1891 Estimate: $20,000,000-30,000,000. Image provided to Manner of Man Magazine for exclusive use and cannot be reproduced without written authorisation.
© Christie’s Images Limited 2011
All rights reserved.

Christie’s is pleased to announce its Impressionist and Modern Art Evening Sale on May 4 will feature Claude Monet’s Les Peupliers, one of the most celebrated of the pioneering artist’s great series of works from his years in Giverny. Painted en plein air during the summer of 1891, the work is the largest of the artist’s paintings devoted to a picturesque arrangement of poplar trees, known as the “tree of liberty” in his native France. Estimated at US$ 20-30 million, the painting is offered from an important private collection and remains in pristine condition, in its original unvarnished and unlined state. 2

Monet’s Poplars paintings emerged from a particularly focused and prolific period in the artist’s career, when he committed himself to the task of capturing the instant and-ever-changing effect of light on specific forms in nature. In 1891, when he learned that a stand of mature poplar trees on the river near his home were to be cut down, he made a deal with a wood cutter to leave them standing long enough for him to continue painting them. The result was a magnificent series of 24 paintings depicting the trees from varying perspectives and in different seasons and lighting conditions, all conceived from the artist’s small floating studio moored on the waterway. In order to capture the truest essence of the scene at any given time, Monet reportedly worked on several paintings at once, exchanging one canvas for another throughout the day, and sometimes giving himself as little as seven minutes to work on a particular scene before the quality of light changed.

For the first 13 paintings in the series, of which the painting to be offered this May is included, Monet portrayed the trees in a graceful, serpentine pattern, before changing the composition to resemble a straight screen of trees. With their sinuous line and dynamic composition, the earlier S-shaped compositions are among the most widely recognized and highly sought-after of the artist’s great series paintings. At nearly four feet in height, Les Peupliers is the both the largest of the S-shaped compositions and one of the most fully finished, with a richly-worked surface and an elegant juxtaposition of cool and warm colors that separate the towering trees of the foreground from the curving line of leafy trees in the distance.

Since their first appearance in public in 1892, the Poplars have been received with great enthusiasm by collectors and critics alike. A selection from the series exhibited at the prestigious Galerie Durand-Ruel in Paris sold briskly, reportedly for sums of 3,000 to 4,000 francs each. The first owner of Les Peupliers was Dr. Georges Viau, one of the most influential and discerning collectors of Impressionist paintings at the time. Among the later owners was Else Sackler, the first wife of Arthur M. Sackler, the connoisseur, collector and scholar. In 2000, Ms. Sackler consigned the painting for sale to Christie’s New York for its Evening Sale of Impressionist & Modern Art, where it was sold to the current owner, an Asian private collector.

“The appearance of this masterpiece-quality work marks the first time in over a decade that a major 1890s series painting has come to auction and we anticipate great enthusiasm from the many collectors, dealers, and museum directors who have been eager for a quintessential Monet scene such as this,” said Conor Jordan, Head of Impressionist and Modern Art at Christie’s New York. “As a painterly experience, Les Peupliers is a wonderful exploration of nature through light and structure. Its classical beauty conveys the essence of “la France profonde” just as clearly today as when Monet conceived it more than 100 years ago.”

Of the 24 works in the Poplars series, the majority are housed in major art museums around the world, including the Tate Gallery in London, the Philadelphia Museum of Art, and the National Museum of Art in Tokyo, while the remainder are held in private collections around the world. In recent years, prices for exceptional examples of Monet’s work have soared, driven by demand from collectors worldwide for masterpiece quality works by the greatest master of the Impressionist period. The top price at auction for any Monet painting is US$ 80.4 million for Le Bassin aux nympheas from 1919, sold at Christie’s London in June 2008 against an estimate of US$ 35-47 million. 3

Les Peupliers will be on display to the public at Christie’s Rockefeller Center galleries beginning April 29. In advance of the May 4 sale in New York, Christie’s will tour this exceptional painting to its locations around the world, including:

Christie’s Moscow: April 1-3, 2011

Christie’s London: April 8-11, 2011

More highlights of the May 2011 Evening Sale of Impressionist & Modern Art will be announced in the coming weeks.

The complete e-catalogue for this sale will be available online at www.christies.com

Auction: Impressionist and Modern Evening Sale Wednesday, May 4, 2011

Viewings: Christie’s Rockefeller Center Galleries April 29 – May 4, 2011

About Christie’s

Christie’s, the world's leading art business had global auction and private sales in 2010 that totaled £3.3 billion/$5.0 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christie’s offers over 450 sales annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s has 53 offices in 32 countries and 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai and Hong Kong. More recently, Christie’s has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.

*Estimates do not include buyer's premium