Christie's New York Old Master sale (ctd.)

May 1 2017

Video: Christie's

Christie's Old Master sale in New York seems to have performed well. The pre-sale estimate was $18m-$28m, and the final total was $32.76m. Granted, the latter figure includes buyer's premium, and the extraordinary $10m result for the Govaert Flinck sale I mentioned last week. But it's still a respectable figure for Christie's new April sale (they used to be in January, alongside Sotheby's), and the total also reflects well on Christie's new team in the New York Old Master department, which is led by Francois de Poortere (seen in the video above). In recent years Christie's New York sales have not fared well

Aside from the Flinck, the top-selling picture was an altarpiece by Hugo van der Goes, which until recently has been on loan to the Met in New York. There, it's distinctive appearance (as the video above explains, in the 18th Century part of the painting was scraped down) made it a popular exhibit. Some might say that a period of loan to an institution like the Met made the picture valuable, and helped it sell for nearly $9m. But I'm not sure museum exposure always works like that. After all, does a painting become a great painting because a museum exhibits it - or does a museum exhibit it because it's a great painting? (Incidentally, isn't that a good video; clearly explaine, brief, good close-ups. That's all you need.)

Other lots to note; the newly discovered Titian I mentioned earlier didn't quite beat expectations, selling at $547k against an estimate of $600k-$800k. Happily, the sleuthing buyer who spotted it in a sale in Switzerland still came out ahead. A painting by Lancret, Autumn, only made $1.2m, which represented a full 50% below the lower estimate of $2m - though it still set a new auction record for Lancret apparently. Another auction record ($511k) was set for a picture by Michaelina Woutiers for this rather unconventional Portrait of a Lady. A St Barbara by Francesco Francia made $1.44m (est $500k-$600k). You can see the full results here

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