Art Moves

Issue 01 · 11 Nov 2026 · Covers 12 October to 11 November 2026

The record went to Paris, by phone, to Asia

Thirty-four sales above $400,000 in thirty days. Two buyers are on the record. The biggest prices came with the least pre-arranged support, and the most pre-arranged sales made the least noise.

Top line

The month's top price was not set in New York or London. A Monet from a French family collection made €50 million at Sotheby's Paris, the highest price for any artwork at auction in France, according to Reuters. It had no guarantee, per MutualArt. Six bidders chased it for about 45 minutes and it went to a collector in Asia on the phone.

London was the opposite. Christie's sold £218.6 million in one evening, its press release says, but every one of the 41 lots in the Peter Simon collection was guaranteed before the sale began, The Art Newspaper reports. The top Simon lot, a Bacon, hammered £500,000 over its low estimate. The £25 million Mondrian hammered £1.5 million over its own.

Then Geneva. Phillips sold all 217 watches for CHF 92 million, which it calls the first live watch auction to pass $100 million. Four of its top five lots were by one living watchmaker.

Featured sales

Fine art · Sotheby's Paris

Claude Monet, Iris

€50M ($56.02M)

Price
Includes buyer's premium. Reported by the press
Estimate
€22M to €30M (Estimate as reported by Reuters and The Art Newspaper. Compared against the price with fees because the hammer price was not reported.)
Sale
Sotheby's Paris, 22 Oct 2026
Seller
Collection of Jeanne Schlumberger
Buyer
Anonymous
Guarantee
None
Record
Highest price for any artwork at auction in France, per Reuters.
Bidding
Six bidders over about 45 minutes. Won by a private collector in Asia bidding by phone through Jen Hua of Sotheby's Asia, per Reuters, The Art Newspaper and Artnet.
Financing
No lot in the sale was guaranteed, per MutualArt.

Why it matters. The most expensive artwork ever sold at auction in France, with no guarantee and six bidders over 45 minutes. It went to Asia by phone, in Paris rather than New York. 10 11 12 13

Wassily Kandinsky, Das bunte Leben
Wassily Kandinsky, Das bunte Leben (1907). Photograph by Ermell, via Wikimedia Commons. Public domain.

Fine art · Christie's London

Wassily Kandinsky, Das bunte Leben (1907)

£31.56M ($41.87M)

Price
Includes buyer's premium. Confirmed by the house
Estimate
£18M to £25M (Estimate as reported by The Art Newspaper (high £25m) and Whitebank (£18m to £25m). Apollo gives £18m to £35m.)
Sale
Christie's London, 14 Oct 2026
Seller
Heirs of Hedwig Lewenstein-Weyermann, following restitution in 2023
Buyer
Anonymous
Guarantee
Third party
Bidding
Won by a phone bidder represented by Maria Los of Christie's client advisory, Americas, after about six minutes, per The Art Newspaper and Artnet.

Why it matters. The top lot of the London season was a restituted picture with a third-party guarantee behind it. Clean title plus a pre-arranged floor is how the biggest consignments now get to market. 1 2 3 4

Fine art · Christie's London

Liubov Popova, Painterly Architectonic (1918)

£7.64M ($10.14M)

Price
Includes buyer's premium. Confirmed by the house
Estimate
Low estimate £1.8m (Christie's). High estimate not stated.
Sale
Christie's London, 14 Oct 2026
Seller
Collection of Peter Simon
Buyer
Beaumont Nathan (art advisers in London and New York; reported by Apollo, citing the Baer Faxt newsletter. Whether the firm bought for a client is not stated)
Guarantee
Unknown
Record
Auction record for the artist, per Artnet.
Bidding
Eight minutes of bidding in the room and on phones (Christie's). Artnet reports the winning bid was taken by Christie's president Alex Rotter.
Financing
All 41 lots in the Simon sale were guaranteed, 11 by Christie's and the rest by third parties, per The Art Newspaper. The backer of this lot is not stated.

Why it matters. Hammered at more than three times the low estimate after eight minutes of bidding, and reported sold to an advisory firm. Advisers bid when a client wants the work and not the attention. 1 2 3 5 4

Watches · Phillips Geneva

F.P. Journe, Chronomètre à Résonance 'Régence', platinum

CHF 8.68M ($10.6M)

Price
Includes buyer's premium. Confirmed by the house
Estimate
Estimate: in excess of CHF 1,000,000. Prices include buyer's premium, confirmed by the reported hammer price on the top lot. Sale ran 7 to 8 November; session date per lot not confirmed.
Sale
Phillips Geneva, 7 Nov 2026, lot 7
Seller
Not disclosed
Buyer
Anonymous
Guarantee
Unknown
Record
World record for the reference, per Phillips.
Bidding
Won by a phone bidder represented by Phillips specialist Alex Ghotbi. The underbidder in the room was Shawn Mehta of F.P. Journe's London boutique, per Hodinkee.

Why it matters. A watch by a living maker at CHF 8.7m against an estimate of 'in excess of CHF 1m', in what Phillips calls the first live watch auction to pass $100m. Independent watchmaking is now priced like blue-chip art. 18 19 20

Watches · Phillips Geneva

F.P. Journe, Chronomètre à Résonance 'Pre-Production' No. 022/99R, platinum

CHF 4.94M ($6.03M)

Price
Includes buyer's premium. Confirmed by the house
Estimate
CHF 500k to CHF 1M (Prices include buyer's premium, confirmed by the reported hammer price on the top lot. Sale ran 7 to 8 November; session date per lot not confirmed.)
Sale
Phillips Geneva, 7 Nov 2026, lot 125
Seller
Not disclosed
Buyer
Shawn Mehta (head of F.P. Journe's London boutique; reported by Hodinkee, which says he later told its author he bid for a friend and not for the brand)
Guarantee
Unknown
Bidding
Phillips withdrew its claim that this was the first pre-production Résonance sold or delivered, per Hodinkee.

Why it matters. The winning paddle belonged to the head of the maker's own London boutique, who says he bid for a friend. Insiders bidding at auction shapes prices and deserves scrutiny. 18 19 20

Jewelry · Christie's Geneva

Bulgari, The Bulgari Pink, 24.00-carat fancy intense pink diamond ring (1950s)

CHF 12.09M ($14.73M)

Price
Includes buyer's premium. Confirmed by the house
Estimate
CHF 10M to CHF 15M (Estimate as reported by Rapaport. Compared against the price with fees because the hammer price was not reported.)
Sale
Christie's Geneva, 10 Nov 2026
Seller
A European noble family; acquired in India by the consignor's great-grandparents in the 1950s
Buyer
Anonymous
Guarantee
Unknown

Why it matters. Seventy years in one European family, then sold inside its estimate. A portable, private store of value coming back to market on the family's terms. 25 26

Cars · Christie's Geneva

Ferrari, 499P Modificata (2024)

CHF 8.22M ($10.04M)

Price
Includes buyer's premium. Confirmed by the house
Estimate
Estimate: in excess of CHF 7,500,000.
Sale
Christie's Geneva, 8 Nov 2026, lot 17
Seller
Not disclosed
Buyer
Anonymous
Guarantee
Unknown
Record
First Ferrari 499P sold at public auction (Christie's).

Why it matters. A barely driven, track-only car the buyer cannot take home: it stays at Ferrari in Maranello until December 2028 and runs through a factory programme. This is a car bought as an asset. 27 28 29

Who bought

Two of 34 buyers are on the record.

  • Shawn Mehta, who runs F.P. Journe's London boutique, won a pre-production Journe Résonance for CHF 4.94 million at Phillips. He told Hodinkee he was bidding for a friend and not for the brand. He was also the underbidder on the top lot of the sale.
  • Beaumont Nathan, an art advisory firm, bought the record Popova, according to Apollo, which cites the Baer Faxt newsletter. Advisers usually buy for clients; the report does not say which. Artnet reports the bid was taken by Christie's president Alex Rotter.

The other 32 are unnamed. What is on the record:

  • Monet, Iris: a private collector in Asia, bidding through Sotheby's Asia deputy chairman Jen Hua, per The Art Newspaper.
  • Kandinsky and Mondrian: both went to phone bidders represented by senior Christie's staff. The Kandinsky bidder worked through the head of client advisory for the Americas, per The Art Newspaper.
  • Bacon: a woman sitting in the saleroom, according to the auctioneer, per The Art Newspaper. No name has been reported.
  • Journe trilogy at Christie's: one private collector bought all three matching watches for CHF 6.7 million, Christie's says.

If a credible outlet names any of them, the row will be updated and dated.

Market signal

Guarantees now decide the top of the London market before the auctioneer starts. A guarantee is a promise, made in advance by the house or an outside investor, to buy the lot at a set price if nobody bids higher. The seller gets certainty. The guarantor gets a fee, or the work.

Look at what that did. The Kandinsky and the large Mondrian were both backed by third parties. The Mondrian hammered at £21.5 million against a low estimate of £20 million, and the Bacon at £14.5 million against £14 million. At Sotheby's, the de Kooning set a European record and hammered £200,000 over its low estimate, per The Art Newspaper. A record and a weak result were the same lot.

The real contests were elsewhere: the unguaranteed Monet, the Popova at more than three times its low estimate, and almost every Journe in Geneva. That is where buyers showed what they will pay when no one has set the price for them.

One opinion: read the hammer price against the low estimate before you read the headline. If they are close and the lot was guaranteed, you are looking at a financing deal, not a market price.

Outside fine art

  • Watches: Geneva's three houses sold about $203 million in one weekend, WatchPro reports. A steel Patek Philippe that made $3.29 million in 2015 made CHF 6.27 million, per Hodinkee.
  • Jewelry: the Bulgari Pink, a 24-carat pink diamond held by one European family for seventy years, sold for CHF 12.1 million, inside its estimate, per Rapaport.
  • Cars: a Ferrari 499P made CHF 8.2 million at Gooding Christie's first Geneva sale. The buyer cannot take it home; it stays at the factory until 2028. In Las Vegas, a 106-mile Ferrari F50 made $18.7 million, Broad Arrow said.
  • Design: thin this month. One Art Deco desk from a royal residence in Paris doubled its high estimate.

How to read these numbers

Three terms, if you know finance and are new to this.

  • Hammer price is the winning bid. Price with premium adds the house's fee. On this month's top lots it added between 17% and 22%. Estimates are quoted without the fee, so a price "within estimate" with fees may have hammered below it.
  • Guarantee means the lot was sold before the sale. Treat it like an underwritten offering.
  • Single-owner sale means one collection, one name on the catalogue. The name adds to the price. Simon, Schlumberger and Durand-Ruel all sold nearly every lot.

All sales in this issue

DateHouseLotResultEstimateBuyerSource
22 Oct 2026Sotheby's
Paris
Claude Monet, Iris
Fine art
€50M ($56.02M)
incl. premium
€22M to €30MAnonymous10 11 12 13
14 Oct 2026Christie's
London
Wassily Kandinsky, Das bunte Leben (1907)
Fine art
£31.56M ($41.87M)
incl. premium
£18M to £25MAnonymous1 2 3 4
14 Oct 2026Christie's
London
Piet Mondrian, Composition III (Komposition No. XIII) (1920)
Fine art
£25.23M ($33.48M)
incl. premium
£20M to £30MAnonymous1 2 3
14 Oct 2026Christie's
London
Francis Bacon, Figure in Movement (1978)
Fine art
£17.18M ($22.8M)
incl. premium
£14M to £18MAnonymous1 2 3 5
31 Oct 2026Other
Las Vegas
Ferrari, F50 (1997)
Cars
$18.7M
incl. premium
No range publishedAnonymous30
31 Oct 2026Other
Las Vegas
Ferrari, Daytona SP3 (2025)
Cars
$18.54M
incl. premium
No range publishedAnonymous30
10 Nov 2026Christie's
Geneva
Bulgari, The Bulgari Pink, 24.00-carat fancy intense pink diamond ring (1950s)
Jewelry
CHF 12.09M ($14.73M)
incl. premium
CHF 10M to CHF 15MAnonymous25 26
22 Oct 2026Christie's
Paris
Claude Monet, Bord des falaises à Pourville
Fine art
€12.79M ($14.33M)
incl. premium
€11M to €15MAnonymous15 14
15 Oct 2026Sotheby's
London
Willem de Kooning, Untitled (1977)
Fine art
£9.8M ($12.98M)
incl. premium
£8M to £12MAnonymous7 8 6
14 Oct 2026Christie's
London
Piet Mondrian, Composition A, with Double Line and Yellow (1935)
Fine art
£9.71M ($12.88M)
incl. premium
No range publishedAnonymous1 2 3 4
14 Oct 2026Christie's
London
Joan Miró, Peinture (Les amants, Adam et Eve) (1925)
Fine art
£8.56M ($11.36M)
incl. premium
No range publishedAnonymous1 2 3
22 Oct 2026Sotheby's
Paris
Claude Monet, Saule pleureur (L'Arbre de feu) (1918-19)
Fine art
€9.7M ($10.87M)
incl. premium
No range publishedAnonymous14 13 12
7 Nov 2026Phillips
Geneva
F.P. Journe, Chronomètre à Résonance 'Régence', platinum
Watches
CHF 8.68M ($10.6M)
incl. premium
No range publishedAnonymous18 19 20
14 Oct 2026Christie's
London
Liubov Popova, Painterly Architectonic (1918)
Fine art
£7.64M ($10.14M)
incl. premium
No range publishedBeaumont Nathan1 2 3 5 4
23 Oct 2026Sotheby's
Paris
František Kupka, Espace non-descriptif (1914-22)
Fine art
€9M ($10.07M)
incl. premium
No range publishedAnonymous14 13
8 Nov 2026Christie's
Geneva
Ferrari, 499P Modificata (2024)
Cars
CHF 8.22M ($10.04M)
incl. premium
No range publishedAnonymous27 28 29
23 Oct 2026Sotheby's
Paris
Alberto Giacometti, Tête crâne (1934)
Fine art
€8.7M ($9.74M)
incl. premium
No range publishedAnonymous14 13
15 Oct 2026Sotheby's
London
Gerhard Richter, Abstraktes Bild (1992)
Fine art
£6.7M ($8.88M)
incl. premium
£6M to £8MAnonymous7 8
15 Oct 2026Phillips
London
Gerhard Richter, Mathis (1983)
Fine art
£5.84M ($7.73M)
incl. premium
No range publishedAnonymous9 6
7 Nov 2026Phillips
Geneva
Patek Philippe, Ref. 1436 split-seconds chronograph, stainless steel (1945)
Watches
CHF 6.27M ($7.65M)
incl. premium
CHF 2M to CHF 4MAnonymous18 19 20
22 Oct 2026Christie's
Paris
Lucio Fontana, Concetto spaziale, Mezzogiorno in Piazza S. Marco (1961)
Fine art
€6.82M ($7.64M)
incl. premium
€5.5M to €7MAnonymous16 14 13
14 Oct 2026Christie's
London
Hurvin Anderson, Last House (2013)
Fine art
£5.7M ($7.56M)
incl. premium
£2M to £3MAnonymous1 2 3 6
7 Nov 2026Phillips
Geneva
F.P. Journe, Chronomètre à Résonance 'Tokyo Boutique', titanium
Watches
CHF 6.15M ($7.51M)
incl. premium
CHF 400k to CHF 800kAnonymous18 19
22 Oct 2026Christie's
Paris
Amedeo Modigliani, Minoutcha (1916-17)
Fine art
€6.21M ($6.95M)
incl. premium
€5M to €7MAnonymous16 14
14 Oct 2026Christie's
London
Bridget Riley, Streak 2 (1979)
Fine art
£5.21M ($6.92M)
incl. premium
£3M to £5.5MAnonymous1 2 6
22 Oct 2026Christie's
Paris
Pierre-Auguste Renoir, Jeunes filles au bord de la mer
Fine art
€5.84M ($6.54M)
incl. premium
€4M to €6MAnonymous15
7 Nov 2026Phillips
Geneva
F.P. Journe, Vagabondage III, diamond-set platinum
Watches
CHF 5.06M ($6.18M)
incl. premium
CHF 350k to CHF 700kAnonymous18 19
7 Nov 2026Phillips
Geneva
F.P. Journe, Chronomètre à Résonance 'Pre-Production' No. 022/99R, platinum
Watches
CHF 4.94M ($6.03M)
incl. premium
CHF 500k to CHF 1MShawn Mehta18 19 20
7 Nov 2026Phillips
Geneva
Cartier, Portico Mystery Clock No. 4
Watches
CHF 4.82M ($5.88M)
incl. premium
CHF 1.8M to CHF 3.6MAnonymous18 19
15 Oct 2026Sotheby's
London
Mark Rothko, Untitled
Fine art
£3.8M ($5.03M)
incl. premium
£3M to £4MAnonymous7 8
22 Oct 2026Christie's
Paris
Alfred Sisley, Un Verger
Fine art
€3.7M ($4.15M)
incl. premium
€1M to €1.5MAnonymous15 14
9 Nov 2026Christie's
Geneva
F.P. Journe, Vagabondage, pink gold (top lot of a matching trilogy)
Watches
CHF 2.54M ($3.1M)
incl. premium
No range publishedAnonymous21 20 22
8 Nov 2026Sotheby's
Geneva
Patek Philippe, Ref. 3970 perpetual calendar chronograph, yellow gold, first numbered example (1986)
Watches
CHF 2.05M ($2.5M)
incl. premium
No range publishedAnonymous23 24
6 Nov 2026Sotheby's
Paris
Eugène Printz, Desk
Design
€358k ($400k)
incl. premium
€120k to €180kAnonymous17

Sources