Old Masters sales at Sotheby’s

Sothebys old master saleSotheby’s recent sale of Old Masters realised more than £52 million at its evening sale, a substantial increase on both London sales from last year.

The sale was led by J.M.W Turner’s Ehrenbreitstein, which sold for £18.5 million, the highest price paid for an Old Master painting at Sotheby’s London since the sale of the artist’s Rome, From Mount Aventine for a record £30 million in 2014.

The sale also offered ten works on paper by Turner, which sold for a combined £1.3 million, bringing the total for works by Turner to £19.8 million.

The evening sale saw participants from 32 countries competing in one of the larges sales of its kind, comprising nearly 70 lots, two-thirds of which had not been seen publicly for over two decades. Other works have been rarely seen at auction, with 40% offered for the first time (27 lots out of 68) and 18% (12 lots) offered for the first time in over 50 years. Five lots were offered for the first time in over a century.

Elsewhere in the sale, auction records were set for eight artists, including:

Jan Van Scorel’s Portrait of a gentleman, wearing a fur-lined cloak and black hat, which made £368,750 (previous record for the artist £80,298)

Jan Sanders van Hemessen’s Portrait of Elisabet, court fool of Portrait of Anne of Hungary, which sold for £2,168,750 – over five times over its low-estimate (previous record for the artist £1,762,500)

Hans Van Wechlen’s Peasants merrymalking at a village kermesse fetched £296,750 (previous record for the artist £180,500)

Johann Richter’s Venice, the Piazzetta looking north-west towards the Campanile, which made £368,750 setting a new record in sterling (previous record for a single work by the artist £259,418)

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