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International Collectors Vie For Masterworks From The Past At Sotheby's London This Week

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

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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.

Old Masters

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.





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