How Much Is Concarneau. Pêche à la sardine (Sardine Fishing) Worth?
Last updated: April 24, 2026
Quick Facts
- Methodology
- comparable analysis
This work corresponds to MoMA’s 'Setting Sun. Sardine Fishing. Adagio. Opus 221' (Paul Signac, 1891) and is part of the Museum of Modern Art’s permanent collection, therefore not a market lot. If hypothetically offered on the open market, a comparable‑analysis anchored by recent high‑end Signac sales suggests a contingent estimate of US$7.5–20M, depending on condition, catalogue‑raisonné/exhibition status, and conservation history.
Concarneau. Pêche à la sardine (Sardine Fishing)
Paul Signac, 1891 • Oil on canvas
Read full analysis of Concarneau. Pêche à la sardine (Sardine Fishing) →Valuation Analysis
Identification and market status. The painting titled 'Concarneau. Pêche à la sardine (Sardine Fishing)' corresponds to Paul Signac’s 1891 canvas catalogued as 'Setting Sun. Sardine Fishing. Adagio. Opus 221' and is held in the Museum of Modern Art, New York (object no. 585.1998). As part of MoMA’s permanent collection via the Whitney bequest, it has not been offered in the public auction market in recent decades and is not an actively tradable lot absent deaccession [1].
Method and comparable anchors. I used a comparable‑sales analysis to produce a hypothetical open‑market range. The November 9, 2022 Christie's sale of a Concarneau canvas (Opus 219) for US$39.32M establishes the contemporary ceiling for museum‑quality Concarneau works and demonstrates strong institutional/buyer demand for top examples [2]. Additional high‑quality Signac seascapes have realized in the c. US$9–10M bracket at major houses (Christie’s London, June 2023; Sotheby’s New York, Nov 2024), which together create a realistic band for well‑provenanced, exhibitioned paintings that are not the single standout masterpiece [3][4].
Why US$7.5–20M. MoMA’s Opus 221 is a mature‑period Signac on canvas of medium dimensions (c. 65 × 81 cm) with strong provenance (purchase from the artist → Alexandre Halot family → John Hay Whitney → bequest to MoMA). Assuming sound original condition or professionally conserved condition, and assuming catalogue‑raisonné inclusion and at least some exhibition history, the canvas should attract institutional and blue‑chip private interest in the multi‑million range. The lower bound (≈US$7.5M) reflects a scenario where the work is offered without recent high‑profile exhibition or extensive literature but is in good condition; the upper bound (≈US$20M) assumes excellent original condition, clear catalogue raisonné citation, and active institutional/collector bidding. The US$39.32M 2022 lot remains an outlier ceiling for the rarest, most important Concarneau canvases [2][3][4].
Risks, caveats and recommended next steps. This valuation is conditional and hypothetical because MoMA’s ownership removes routine market liquidity. Key value drivers that would materially change the estimate are: a full conservation/condition report, catalogue‑raisonné status, illustrated exhibition history, and any internal MoMA documentation (conservation, acquisition notes). For an insured replacement or a formal auction estimate you should obtain high‑resolution images (recto/verso/signature), a condition/conservation report, and verification of catalogue‑raisonné/exhibition citations and then consult a specialist at a major auction house or a Signac scholar.
Key Valuation Factors
Art Historical Significance
High ImpactPaul Signac is a central figure in Neo‑Impressionism; works from his 1891 Concarneau series belong to a mature, highly collectible phase of his career. This painting’s subject—sardine fishing in a Breton harbour—connects it to a recurrent and well‑studied theme in Signac’s oeuvre that has strong curatorial interest. That the canvas is dated 1891 (a pivotal year in his development of pointillist technique) increases its scholarly relevance. High art‑historical significance elevates institutional interest and can materially increase buyer competition and price, provided the work is authenticated, in good condition, and published in the literature.
Provenance & Institutional Ownership
High ImpactThe recorded provenance (acquired from Signac by Alexandre Halot, remaining in the Halot family, subsequently in the John Hay Whitney collection and bequeathed to MoMA) is exceptionally strong and desirable to collectors. Institutional ownership by MoMA confers an extra layer of scholarly validation and long‑term visibility; however, museum ownership also means the work is not tradable without deaccession, so market liquidity is nil unless the institution decides otherwise. Provenance of this quality typically increases market value substantially if the work is offered.
Physical Condition & Size
Medium ImpactThe painting’s medium (oil on canvas) and medium dimensions (c. 65 × 81 cm / 25 5/8 × 31 7/8 in) place it in the mid‑sized category for Signac seascapes. Condition history (original canvas, presence/absence of relining, inpainting, craquelure, varnish discoloration) will materially affect value; major conservation interventions can lower competitive bids, while excellent original surface and color can raise buyer confidence. MoMA stewardship suggests proper conservation, but a formal condition report is required to lock down a market figure precisely.
Exhibition & Bibliography
Medium ImpactInclusion in exhibition catalogues and photographic or catalogue‑raisonné illustration strongly increases market value by improving attribution certainty and collector awareness. A painting in MoMA's collection has a higher probability of being published or loaned, but specific citations (catalogue‑raisonné opus confirmation, illustrated exhibition catalogues) should be verified. Absence of such documentation would reduce its competitive edge relative to similarly composed works with robust bibliographic records.
Market Comparables & Recent Auction Results
High ImpactRecent high‑profile Signac results set the market framework: a Concarneau canvas sold for US$39.32M (Christie’s, 2022) establishes the ceiling for the series, while other mature seascapes have realized c. US$9–10M at major houses (Christie’s 2023; Sotheby’s 2024). These comparables indicate a strong top‑end for museum‑quality Signacs and a common transactional band below the record; the painting’s realized price would depend on where it sits relative to those exemplars in scale, condition, and documentation.
Sale History
Christie's New York (Paul G. Allen collection sale)
Christie's London
Sotheby's New York (Modern Evening Sale)
Paul Signac's Market
Paul Signac (1863–1935) is a blue‑chip Neo‑Impressionist whose oils and larger seascapes are consistently sought by top institutions and private collectors. The market displays a two‑tier structure: exceptional museum‑quality canvases can reach multi‑million to tens of millions (a 2022 Concarneau lot achieved US$39.32M), while smaller or less‑documented works and works on paper trade at substantially lower price points. Provenance, exhibition history and catalogue‑raisonné status are decisive: well‑provenanced, well‑published canvases command premiums and attract competitive bidding at major houses.
Comparable Sales
Concarneau, calme du matin (Opus no. 219, Larghetto)
Paul Signac
Direct Concarneau subject from the same 1891 series by Signac; this lot set the modern auction record for the artist and establishes the top-end market ceiling for museum-quality Concarneau/coastal works.
$39.3M
2022, Christie's New York (Paul G. Allen collection sale)
~$42.5M adjusted
Calanque des Canoubiers (Pointe de Bamer), Saint‑Tropez
Paul Signac
High-quality mature-period Signac Mediterranean harbour/coastal canvas sold at a major European house; subject and scale are comparable to mid‑ to large Signac seascapes and show multi‑million demand below the record level.
$10.1M
2023, Christie's London
~$10.7M adjusted
Antibes. La Pointe de Bacon
Paul Signac
Recent high‑quality Signac seascape sold in 2024 at a major house; reinforces that museum‑quality Mediterranean canvases by Signac commonly achieve prices in the high single‑ to low double‑million range in the current market cycle.
$9.9M
2024, Sotheby's New York (Modern Evening Sale)
~$10.2M adjusted
Current Market Trends
Top‑end demand for museum‑quality Impressionist and Neo‑Impressionist works remains strong, but the mid‑market is more selective and liquidity is thinner. Scholarly attention (catalogue raisonné updates, museum exhibitions) supports values for well‑documented pieces, while fewer blockbuster consignments and buyer selectivity have tempered activity below the highest echelon.
Sources
- Museum of Modern Art collection record: Paul Signac, 'Setting Sun. Sardine Fishing. Adagio. Opus 221' (Concarneau)
- Christie's: Visionary — The Paul G. Allen Collection; Paul Signac, Concarneau, calme du matin (Opus 219) — sale result (Nov 9, 2022)
- Christie's London sale results (June 28, 2023) — Calanque des Canoubiers (Pointe de Bamer), Saint‑Tropez (reported GBP→USD conversion)
- Sotheby's: Extraordinary highlights from the New York sales — Paul Signac, Antibes. La Pointe de Bacon (Nov 18, 2024) sale result