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Jeffrey Archer’s Warhol, Monet to Boost $8 Million London Sale

"La Seine pres de Vetheuil, temps orageux" by Claude Monet. Estimated at 800,000 pounds to 1.2 million pounds, it was one of 150 works being offered by the author Jeffrey Archer at Christie's International in London on June 28. It made 3.1 million pounds. Source: Christie's Images Ltd. 2011 via Bloomberg

March 29 (Bloomberg) -- The best-selling author Jeffrey Archer is to sell art and personal mementos valued at more than 5 million pounds ($8 million) at two London auctions in June.

The writer of novels such as “Not a Penny More, Not a Penny Less” will be the auctioneer himself at a charity sale of 20 personal items at Christie’s International on June 27, the London-based auction house said today in an e-mailed statement.

The following day, Christie’s South Kensington will host an auction of 150 works of art from Archer’s personal collection, as well as pieces from the recently closed Neffe Degandt Gallery, Mayfair, with whom the author had a business partnership, said Christie’s.

“I recently celebrated my 70th birthday -- an event which prompts a certain degree of thought and realization,” Archer said in the statement. “As a result, I have begun restructuring my art collection with a view to the future.”

Highlights of the June 28 auction will include the 1878 Claude Monet painting, “La Seine pres de Vetheuil, temps orageux,” valued at 800,000 pounds to 1.2 million pounds, and an Andy Warhol “Marilyn” silkscreen at 100,000 pounds to 150,000 pounds.

Cambridge University Hospitals NHS Foundation Trust -- chaired by the author’s wife Mary Archer -- is among the several charities that will benefit. Proceeds from the sale of a stopwatch used by a timekeeper in May 1954 when Roger Bannister became the first person to run a mile in less than four minutes -- will be donated to the Oxford University Athletics Club, As yet, the evening charity auction hasn’t been allocated any estimates.

(Scott Reyburn writes about the art market for Muse, the arts and culture section of Bloomberg News. Opinions expressed are his own.)

To contact the writer on the story: Scott Reyburn in London at sreyburn@hotmail.com.

To contact the editor responsible for this story: Mark Beech at mbeech@bloomberg.net.

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