Sargent Watercolor Soars to $7.2M at Christie’s Auction

UPDATE: A stunning watercolor by John Singer Sargent sold for $7.2 million at Christie’s 20th Century Evening Sale in New York City last night, marking a significant moment in the art market. The piece, titled “Gondolier’s Siesta” (1902–03), set a record for a work on paper by Sargent, as bidding excitement surged in the auction room.

The sale of Lot 19, a 14-by-20-inch watercolor, was unexpected amidst a night dominated by high-profile pieces, including a $62 million Rothko. Auctioneer Adrien Meyer skillfully engaged the audience, creating a lively atmosphere that culminated in applause after the final gavel struck. This moment highlighted a rare shift in the narrative of an otherwise cautious market.

The watercolor, sourced from the collection of Carol and Terry Wall, had never been publicly offered before and was described by art advisor Ray Waterhouse as “perfect in every way.” The winning bidder, acting on behalf of a private collector, was confident in the piece’s worth, which had previously been guaranteed at $4 million. The consignor’s decision to forgo the guarantee proved astute as the final price exceeded expectations.

“We are not asking for perfection,” Waterhouse explained. “But this was just perfect in every way.” The excitement around the piece disrupts the prevailing market gloom, showcasing that collectors remain eager to invest in exceptional works that emphasize provenance and quality.

Christie’s Head of American Art Tylee Abbott emphasized the uniqueness of Sargent’s watercolor, noting its intricate depiction of Venetian architecture and the serene portrayal of its gondoliers. This artwork aligns with the ongoing resurgence of Sargent’s reputation, which had diminished following his death but has been revitalized in recent decades.

This year marks the 100th anniversary of Sargent’s birth, celebrated with major exhibitions at institutions like The Met and the Musée d’Orsay in Paris. Abbott pointed out that Sargent’s watercolors were crucial to his recognition in America, particularly after a transformative exhibition in 1909 spurred significant acquisitions by major museums.

The auction last night generated a staggering $690 million in total sales, with the Sargent watercolor representing just a small but impactful fraction of that total. The emotional resonance of the piece, which captures a rare moment of stillness among the bustling gondoliers, adds to its allure and significance in the contemporary art landscape.

As the art world continues to evolve, the enthusiastic reception for Sargent’s work indicates a renewed appreciation for artists who capture the human experience amidst changing cultural narratives. The sale not only reflects a strong collector interest but also sets the stage for what could be a vibrant fall season for art auctions.

Expect more updates as the art market continues to respond to these remarkable sales and the shifting dynamics of collector preferences. The story of John Singer Sargent is far from over, and the excitement surrounding his work is likely to inspire further bidding wars in the near future.