Old Masters prove vitality in $10.9m art sale at Sotheby's Paris



2015-06-26 12:27:35

Old Masters prove vitality in $10.9m art sale at Sotheby's Paris

The auction house's final event of the season was a hit with the bidders...

Sotheby's Paris enjoyed a brilliant auction of Old Master and 19th Century Paintings and Drawings in its final sale of the season, with several records also being made last Thursday, June 23.

The lot which stole the show was the $1,773,492 sale of seven outstanding sketches made by French artist Jean-Francois de Troy. They were commissioned and produced for the Gobelins tapestry manufactory in 1736, and have since been part of a Parisian collection.

 Jean-Francois de Troy's epic works sold for $1,773,492

Also selling for more than $1m was Simon de Myle's amazing painting of Noah's Ark on Mount Ararat, which cruised past its estimate of $431,000-574,000 to eventually sell for $1,574,000.

Quite incredibly, it is the only work de Myle signed, and so is the sole piece which is known to have definitely been produced by him. He created it in 1570, and it is dominated by typical Flemish techniques, along with a smattering of classic Italian influences.

It exceptional quality and unique provenance mean it was always likely to sell higher than its modest estimate and spark a battle between bidders.

Clearly the arts market is in fine fettle at the moment, as many other works sold for many times their estimate, which will have delighted investors.

 This work, of a young girl drinking wine, surpassed its estimate easily

For example, Cornelis Pietersz Bega's work, young girl having a glass of wine, smashed its guide price of between $43,000-57,400 to sell for $395,418, almost eight times higher than that estimate.

In total the sale successfully brought in $10.9m, proving that there is still a strong passion among collectors and fine art investors for Old Master paintings.

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