LIFESTYLE - COMPANY NEWS
Thursday, December 7, 2017
Harry Dalmeny, Sotheby's Chairman for the United Kingdom & Ireland, fields bids during the Company's recent auction of Old Master Paintings in London that totaled $37.8 million.
LIFESTYLE - COMPANY NEWS
Source : Sotheby's
This week, the enduring appeal of masterworks from the past was once again reaffirmed, with Sotheby's (NYSE: BID) London auctions of Old Master Paintings, sculpture, works of art, furniture, and medieval and Renaissance books bringing a combined total of $44.8 million (£33.3 million), well within pre-sale expectations.
Over the course of five days (1-6 December), 6,700 people visited Sotheby's London exhibition and participants in the sales spanned four continents, with Asian, Russian and Latin American bidding, and an increase in Middle Eastern participation.
The two-day sale of Old Masters sales totaled $37,831,567 (£28,229,575) (estimate. £22.4-32.5 million), bringing Sotheby's 2017 London total in this category to £94,397,851 ($123,255,630), a significant increase on last year's figures.
A Venetian Legacy – An Italian Private Collection
Passionately assembled by a discreet private collector, this collection of fine Italian furniture, Old Master paintings and sculpture realised £2,517,162 ($3,379,038), above the high estimate (est. £1.5 – 2.3 million), with 92% of the lots sold. Assembled as a personal homage to Venice, the collection was led by a beautiful 16th-century Florentine terracotta relief by Benedetto and Santi Buglioni, depicting the Adoration of the Christ Child, which soared to £218,750 ($293,650), five times the pre-sale estimate (est. £40,000-60,000).
Medieval and Renaissance Manuscripts and Continental and Russian Books
The sale also surpassed the pre-sale expectations and totalled £1,325,942 ($1,779,945) (est. £1.1 – 1.5 million). The top lot was a magnificent Book of Hours of the Russian Princess Isabel Gagarine, in Latin and French [France (Paris), c.1440-50] which fetched £225,000 ($302,040), well above the estimate of £60,000-80,000.
Old Master Sculpture & Works of Art
Comprising a diverse selection of Medieval, Renaissance, Baroque and Neoclassical works, Sotheby's sale of Old Master Sculpture & Works of Art on 5 December brought a total of £1,369,663 ($1,838,636). The auction was led by a magnificent 16th-century Nautilus, a rare survival of Netherlandish shell work carved and engraved by the most prominent master of this craft, Cornelis Bellekin, which sold for £175,000 ($234,920).
Sotheby's next exhibitions and auctions of Old Master Paintings, Drawings and Sculpture will take place in New York from January 26 through February 2, 2018.