Two sales of Impressionist and modern art, including works by Cezanne, Monet and Picasso, at Christie's, New York, have realised more than pounds 130m - hitting totals unmatched since the height of the market seven years ago. Thirty eight paintings sold for over a $1m (pounds 620,000).
Christie's was jubilant, citing the results as evidence of a strengthening of the art market at all levels. The top lot of the two sales was a painting by Paul Cezanne of his wife seated in a yellow armchair. It sold for pounds 14m to a European buyer - the second highest price ever paid for a Cezanne at auction. The Cezanne, and one of only two known self-portraits by Edouard Manet (sold for pounds 11.5m), were part of the private collection of financier John Loeb which made a record-breaking pounds 57.3m. Stephen GoodwinReuse content