Art Market Monitor

Global Coverage ~ Unique Analysis

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

Freud Sells to Old Master Crowd

April 24, 2012 by Marion Maneker

Colin Gleadell looks at the Contemporary art dealing of an Old Masters firm. Jean-Luc Baroni and his daughter Novella bought a Lucian Freud drawing for £2.6m in 2011, a price that seemed to squeeze out any potential upside for a dealer who knew the market let alone one dabbling in Contemporary. But the wily Old Master’s dealer showed that clients follow dealers they trust more than categories these days.

Probably better known for handling Old Masters, the Baronis were giving notice that modern art was their field, too, so long as the quality was right. But could they re-sell a Freud drawing at that price level?

The answer is yes, because at the Salon du Dessin, the drawings fair in Paris this month, Baroni offered the drawing at £3.3 million, and sold it.

Record prices for Grosvenor artists at print auction (Bloomsbury)

More from Art Market Monitor

  • Freud Leads Sotheby’s Frieze SaleFreud Leads Sotheby’s Frieze Sale
  • Christie's Summer of FreudChristie's Summer of Freud
  • What Dealers Do: Acquavella EditionWhat Dealers Do: Acquavella Edition
  • Art Market Is Sustainable As Long As Ranks of Ultra High Net Worth Individuals GrowsArt Market Is Sustainable As Long As Ranks of Ultra High Net Worth Individuals Grows
  • Patient Louvre Secures €7.8m Work After 12 Year NegotiationPatient Louvre Secures €7.8m Work After 12 Year Negotiation
  • Dia Deaccessions Twombly, Newman & Chamberlain at Sotheby’sDia Deaccessions Twombly, Newman & Chamberlain at Sotheby’s

Filed Under: Dealers Tagged With: Lucian Freud

About Marion Maneker

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

Top Posts

  • Rare Photo Album by Dutch Street Photographer Bought at Auction by Rijksmuseum
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • The Brandeis-Madoff Connection
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Christie's Announces $70m Picasso Self Portrait
  • Tony Podesta's Secret Art Buying
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • 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