Art Market Monitor

Global Coverage ~ Unique Analysis

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

Sotheby’s London Old Masters = £35m with Bidders from 33 Countries

July 3, 2013 by Marion Maneker

Sotheby’s is hitting the globalization of the art market theme hard this month. Today’s Old Master Evening sale was said to have bidders from 33 countries (Christie’s only claimed 11 on 4 continents):

This evening, an unprecedented level of participation from new markets propelled Sotheby’s London Evening Sale of Old Master & British Paintings to £35,048,000. Collectors from 33 countries took part in the sale with record numbers from Asia and the Middle East. More than 400 years since El Greco executed Saint Dominic in Prayer in fifteenth century Toledo, bidders from new markets battled tenaciously for this this powerfully expressive work which was appearing at auction for the first time. They drove the price to £9,154,500 (est. £3-5million), a new record for a Spanish Old Master and the highest price across London’s Old Masters sales this week. In total, 8 auction records tumbled tonight, including that for Claude-Joseph Vernet, whose outstanding View of Avignon from the right bank of the Rhône outstripped pre-sale expectations to realise £5,346,500 (est. £3-5million). A new auction record for a female Old Master artist was also established when Rachel Ruysch’s Still Life of roses from 1710 achieved £1,650,000 (est. £1-1.5million).

More from Art Market Monitor

  • Swann African-American Breaks OutSwann African-American Breaks Out
  • Felix Salmon Calls Out Amy CappellazzoFelix Salmon Calls Out Amy Cappellazzo
  • The Andersons Were Smart Collectors, They Bought from the Best CuratorsThe Andersons Were Smart Collectors, They Bought from the Best Curators
  • Who Will Take Responsibility for Glafira Rosales’s Fakes?Who Will Take Responsibility for Glafira Rosales’s Fakes?
  • Phillips Brings Boafo, Richter in Second Edition of London ‘HEATWAVE’ AuctionPhillips Brings Boafo, Richter in Second Edition of London ‘HEATWAVE’ Auction
  • Pakistanis Make Art from TerrorPakistanis Make Art from Terror

Filed Under: Auction Results

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