Article: Market preview: Spectacular Impressionist and modern paintings come up for sale in New York this month--with some spectacular estimates.(THE ART MARKET: NEWS, ANALYSIS AND PREVIEWS FOR COLLECTORS)(New York, New York)

Given the huge amount of money washing around today's global art market, it is little wonder that owners of major works of art are tempted to part with them. The wonder of the forthcoming Impressionist, modern and contemporary art sales in New York is the prices consignors are expecting for them. Christie's kick off on 6 May with an evening sale that includes Monet's Railway Bridge at Argenteuil (Fig. 1). With its fresh, luminous palette and modern subject-matter, this is an textbook-perfect example of classic Impressionism, executed in 1873. Most major works of the period are now in museums. When the picture last turned up at auction, in 1988, it fetched 6.8m [pounds ...

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