Art Deco at Christie's NY

Just a quick post on the interest being generated by the Steven Greenberg Art Deco collection being offered by Christie's, NY in December.

The Financial Times reports

Art Deco devotees are salivating at the blue-chip classic items available in the Christie’s sale of the Steven A. Greenberg collection, due to take place in New York on December 12 and 13. Greenberg, who died in February, was an investor who built a nightclub empire made up of legendary Manhattan hotspots such as the Palladium and the Roxy. The market for sought-after 20th-century designers such as Jean Dunand, Émile-Jacques Ruhlmann and Jean Dupas will be tested, with all eyes on a striking eight-panel brown lacquered screen by Eileen Gray from 1921-23, with an estimate of $1.5m-$2.5m. Such prestigious Art Deco items rarely come on to the market and the 210-lot sale is expected to realise well in excess of $15m.

Buyers are already lining up to try to secure the top lots. “The estimates for the Ruhlmann and Gray pieces reflect the current market, as evidenced in previous auctions like the YSL Christie’s sale [in 2009] and the Château de Gourdon sale at Christie’s in Paris last year,” said Adriana Friedman, director of New York’s DeLorenzo Gallery. “Many of the pieces being offered were purchased from us ... [we are] eagerly awaiting this sale and will be aggressively bidding for these important works.”

Source: The Financial Times