Auction from Christie's
Twenty-five Impressionist works worth over $200 million, including paintings by Gustave Caillebotte, Paul Cézanne and Vincent van Gogh, will go under the hammer. It was reported by the auction house Christie's, which intends to hold an auction in November-December.
Lots will be offered to collectors in November during the auction under the title "The Cox family collection: a history of impressionism". As noted by Christie's, they are dedicated to "one of the most significant American collections ever to appear on the market". The auction house describes businessman, collector and philanthropist Edwin Lochridge Cox as "not only a true visionary of American energy, but also a patron of some of the most important cultural institutions in the United States".
As noted, a portion of the proceeds will go towards educational initiatives.
"This work is undoubtedly one of the best collections of Impressionist works that have ever been auctioned. This auction is a landmark in the history of the auction and will be a unique opportunity for collectors and museums to increase their collections," commented Adrien Meyer, director of private sales and co-chairman of Christie's Impressionist and Modernist art department.
One of the top lots at auction is Gustave Caillebotte's (1848-1894) "Young Man at His Window" with an estimate of over $50 million. This 1876 canvas depicts the artist's brother, René Caillebotte, standing at the window of the family flat in the eighth arrondissement of Paris. Van Gogh's (1853-1890) "Wooden Cabins among the Olive Trees and Cypresses" from 1889 is valued at over $40 million, and Cézanne's (1839-1906) "L'Estaque with Red Roofs", painted around 1883-1885, is worth $35-55 million.