Sotheby’s Old Master auction brings £32 million in London

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2015-06-26 10:49:13

Sotheby’s Old Master auction brings £32 million in London

5 Jul 2012, 10:39 GMT+01

Following the success of Christie’s Old Master and British Paintings sale on July 3, experts had high hopes for the corresponding Sotheby’s auction on July 4 – and they were not disappointed, as the sale set six new artist records and achieved a total result of £32.2 million.

The top lot of the Evening sale, which took place in London, was ‘The Surrender of the Royal Prince during the Four Days’ Battle, 1st- 4th June 1666’ by Willem van de Velde the Younger – a historic naval scene which depicts a famous moment during the Second Anglo-Dutch War.

Willem van de Velde the Younger is viewed by many as “the greatest marine painter of the Dutch Golden Age”, and the work had long been regarded as of high national importance in Holland. This view was obviously shared by the private Dutch collector who purchased the painting for £5,305,250 – more than doubling the pre-sale high estimate of £2.5 million.

Other notable results were achieved by ‘The Battle Between Carnival and Lent’ by Pieter Brueghel the Younger, which sold for £4,521,250, and ‘Christ Amongst the Doctors’ by Orazio Borgianni, which set a new World record for the artist when it sold for £3,401,250.

There were also new record prices set for five other artists – as works by Leonardo Di Bernardino Da Pistoia, Giovanni Francesco Maineri, Cavaliere D'arpino, Giovanni Bilivert and Charles-Joseph Natoire all sold well.

Other highlights of the sale included Lucas Cranach the Elder’s ‘The Feilitzsch Altarpiece’, sold at auction for the first time in its 500-year history for £4,297,250, and ‘The Virgin as Queen of Heaven Suckling the Infant Christ’ by Hans Baldung Grien which sold for £2,113,250.

“These are exciting times for the Old Masters and British Paintings market,” said Alex Bell, Sotheby’s Co-Chairman of Old Master Paintings. “We saw strong prices tonight in an extremely dynamic sale, in which collectors were prepared to go head- to-head for the very best works. The auction attracted an encouraging number of new clients to Sotheby’s and we saw consistently strong participation from the new markets.”

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