“Long winter for Old Masters” headlined the Financial Times’ Collecting section this past weekend, referring to the bad performances of London Old Master auctions the previous week. Although Georgina Adam is right in making this statement, what isn’t mentioned is the serious lack of good quality paintings on offer, the ridiculously high estimates given by auction house experts, and a headline lot failing to sell because of authenticity concerns.
After a calm August, the art world frenzy is starting to pick up and this week's auction at Nye & Co in New Jersey caused great excitement among the Old Master dealers. This small work on board catalogued as Continental School, 19th century with an estimate of $500-800 sold for $870,000 believed to be a lost-panel by a teenage Rembrandt.
Look at this pair of Casta paintings (see below for info on Castas) that fetched $641,000 at Sotheby's Latin Art Modern & Contemporary Sale! They were estimated at $80,000-120,000, which was very modest but to reach this level is really remarkable.
Look at this rare piece of history that was auctioned off at Doyle New York on 9th of April and sold for a world record $605,000! The large Babylonian cylinder is not only an important example of cuneiform, but it is also from the reign Nebuchadnezzar II, King of Babylon from 604 – 562 BC, who was one of the most famous ancient rulers. It
This portrait of a man by Jean-Baptiste Greuze fetched 620,000 Euro at auction this week - what an incredible price for a work by this French romantic painter of the 18th century. The auction house Rieunier & Associes in Paris put an estimate of 120,000 - 150,000 Euro.