Louis XVI ormolu candelabra up 3.52% pa since 2000

paulfrasercollectibles

2015-06-26 12:54:00

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Louis XVI ormolu candelabra up 3.52% pa since 2000

A pair of Louis XVI ormolu candelabra has sold for $206,500 at Christie's New York

A pair of Louis XVI ormolu candelabra has sold for $206,500 at an auction in New York.

In comfortably meeting their pre-sale estimate, the patinated bronze and bleu turquin marble three-branch candelabra were the highlight of Christie's A Taste For Luxury: Two Great Houses From America's Gilded Age auction on June 21.

Christie's ormolu candelabra'Works of rare quality and historic provenance continue to be keenly sought after'

The circa 1785 items, attributed to Franois Rmond after a model by Etienne Maurice Falconet, had last sold in November 2000, also at Christie's, for $138,000. That represents a 3.52% pa return, far better than the stock markets during the same period.

William Strafford, the head of European furniture at Christie's, commented: "We were thrilled that the superb Louis XVI candelabra... far exceeded the price they had made at the height of the market in 2000 at the legendary Riahi sale, proving that works of rare quality and historic provenance continue to be keenly sought after by today's collectors."

Paul Fraser Collectibles has a superb range of top-end antique furniture with superb provenance available to purchase today, including these circa 1840 oak library steps from Cambridge University's Gonville Caius College.

A pair of Louis XVI circa 1790-1800 ormolu and verde antico ewers made $158,500, beating their $90,000 high estimate by 76.1%.

The auction also featured a circa 1722-1724 French Chinoiserie tapestry by Noel-Antoine Merou, which sold for $158,500 against a $150,000 high estimate.

The sale achieved $3.7m in total, with 77% of lots selling.

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