Coverage of the Old Master sales in London earlier this month fixated on the sales from a collector who had worked with Jean Luc Baroni to assemble his collection. At the time, insiders like Bendor Grosvenor were quick to point out that although the collector was unloading some works at a slight loss, his gains on works like the surprise sale of Govaert Flinck’s Old Man at a Casement more than made up for the losses. Besides, the flat sales were more an indication of an insufficient holding period than weakness in the Old Master market.
Now the Art Newspaper reveals the seller of a group of drawings and a Watteau painting to the Getty museum. Turns out, it is the same collector reporters were fixated upon. Getty sale, which Grosvenor points out, belies “the old cliché that museum quality Old Masters never come onto the market anymore is just not true.” Meanwhile, the New York Times speculates the Getty paid a substantial price further putting the recent off-loading at auction in better context.
Here’s The Art Newspaper on who pulled off this feat:Continue Reading