Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Old Masters Over Contemporary

December 9, 2009 by Marion Maneker

The UK’s First Post tries to draw some conclusions from yesterday’s record-setting sale of Old Master art:

Only two years ago, at a time when Andy Warhol’s Lemon Marilyn was able to fetch $28 million in New York, a Raphael portrait of the great Renaissance art patron and Florentine art ruler Lorenzo de’ Medici went for a modest £18 million. (It had last been sold at Christie’s in 1892 as part of lot of 84 works which went for 567 guineas).

Prices for Old Master drawings seem likely to surge now, as gold reserves dwindle, bricks and mortar crumble, Dubai shivers like a mirage in the desert and contemporary art, from video to graffiti, becomes increasingly difficult to get your hands on, let alone purchase.

Safety in Old Master; Raphael Fetches £29m (First Post)

More from Art Market Monitor

  • Louvre Abu Dhabi Announces Acquisition of £9.48m Rembrandt StudyLouvre Abu Dhabi Announces Acquisition of £9.48m Rembrandt Study
  • Christie’s Has Richard Feigen Collection in MayChristie’s Has Richard Feigen Collection in May
  • Christie’s Sells £11.4m Leyden Drawing to Benefit Rugby SchoolChristie’s Sells £11.4m Leyden Drawing to Benefit Rugby School
  • Getty Buys Previously Unknown Quentin Metsys PaintingGetty Buys Previously Unknown Quentin Metsys Painting
  • Christie’s to Sell Shickman Collection Led by Spanish Still LivesChristie’s to Sell Shickman Collection Led by Spanish Still Lives
  • Sotheby’s Has Two Caspar David Friedrich Works in DecemberSotheby’s Has Two Caspar David Friedrich Works in December

Filed Under: General Tagged With: Old Master

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor