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GOOD RESULTS FOR CHRISTIE'S RENAISSANCE SALE IN NEW YORK
01 February 2013
Catégorie : MARKET


The "Renaissance" sale held by Christie's in New York on January 30, 2013 recorded a total of  42,646,850 USD with 33 of the 51 lots sold.

This sale presented a selection of masterpieces by major European painters from the 14th, 15th and 16th centurie, notably Sandro Botticelli, Fra Bartolomeo, Bronzino, Lucas Cranach the Youngster.

World auction records were achieved for masters Fra Bartolomeo (with almost 13 millions USD), Botticelli (10.5 millions) and Il Gaetano (7.6 millions) and  Bartolomeo Veneto, with an oil on panel titled " Madonna with Chil" auctioned at 962,500 USD.

Fra Bartolomeo, "Madonna with Child", an oil painted on panel, sold for 12.962.500 USD while Sandro Botticelli's tempera, oil and gold leaf on panel of his "Madonna with Child with Young Saint John the Baptist", fetched 10.442.500 USD establishing a new world record for this artist).

Il Gaetano's "Portrait of Jacopo Boncompagni in Armour" painted on canvas  sold for 7.586.500 USD, a new  world record for this artist while  Lucas Cranach the Young's " Madonna and Child with Young Saint John the Baptist sleeping" painted on panel fetched 1.202.500 USD.

Raphael's chalk, ink and wash of "Saint Benedict receiving Maurus et Placidus" was hammered at 1 202.500; USD, while Taddeo di Bartolo's  tempera on panel titled"Saints Cosmas and Damian awaiting Decapitation" sold for 962.500 USD.

Nicholas Hall, co-chairman of Old masters and 19th Century art said he was delighted with the new world auction records established during Christie's Old Masters Week, which realized the highest total for the series of sales in New York since 2006 at $88.4 million. 

“We are also so pleased by the results of this week's Renaissance sale that we have decided to repeat a themed Renaissance sale in January 2014.  Notable new world auction records include the exquisite “Madonna and Child” by Fra Bartolommeo, which was the top lot of the week at 12,962,500 USD, the rare “Rockefeller Madonna” by Sandro Botticelli, which doubled its low estimate to achieve 10,442,500 USD, and Chardin's “Embroiderer”, which sold for 4,002,500 USD”, he added.

Jennifer Wright, Head of Sale, Old Master & 19th Century Drawings, New York pointed out on her part that the Old Master & 19th Century Drawings sale shattered the previous record for a drawings sale in New York.  At 16.5 million USD, it was the highest grossing sale of Old Master Drawings in New York.

This sale also included world-record prices for multiple artists, most notably, Claude Lorrain, whose “Wooded Landscape” made 6.1 million USD, surpassing the previous world record auction price for any drawing or painting by the artist.  Thomas Gainsborough's “Portrait of Caroline, 4th Duchess of Marlborough”, a rare work in pastel made 2.4 million USD, more than doubling the previous world record price for a work on paper by this artist. 

Auction records were also set for Jean-Baptiste-Dominique Ingres, Giovanni Battista Tiepolo, Adriaen van de Velde and Thomas Couture.  Including Raphael's drawing “Saint Benedict receiving Maurus and Placidus”, which was sold in the Renaissance sale for 1,202,500 USD. Three drawings sold for over 1 million USD this week and 16 for over 100,000 USD. New York continues to be a strong venue for British works on paper – with top prices being achieved for drawings by James Barry and Richard Westall in addition to Gainsborough.  With all major consignments coming from North American consignors and aggressive bidding at every level from American collectors, today's sale demonstrates that the Americas continue to be an important and vibrant source for both buyers and sellers in the Old Master & Early British Drawings & Watercolors market.”

Benjamin Peronnet, International Director, Old Master Drawings: indicated that the sale results proved the depth of the Old Master Drawings market with multiple bidders on all the top lots in the Distinguished Private Collection which made 7,830,750 USD in 19 lots.  With strong participation from private collectors and institutions in this sale, Christie's looked  forward to strong sales in Paris in April and London in July.”
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