Art Market Monitor

Global Coverage ~ Unique Analysis

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

Old Master Market Likes Discoveries

October 13, 2015 by Marion Maneker

Colin Gleadell has a pair of items today that show the Old Master market may not have prices as high as Modern and Contemporary but it continues to have determined buyers, private and institutional, when there’s a new discovery or a long-held work comes to market:

A landscape by John Constable that turned up in an auction in Devon with a £40,000 to £60,000 estimate sold for £313,000 last week. There was no doubting the authenticity of this work which had come from a local private collection. Several hopeful bidders were involved as bidding reached £80,000, but thereafter the competition was between two very determined parties, the winner being an anonymous private collector. A likely suspect is the committed Constable collector and media magnate, Baron Thomson of Fleet.

One painting Old Master dealer, Johnny van Haeften, won’t be showing at Frieze Masters this week is a wonderfully tender genre work of a child with her nurse handing money to a beggar by 17th century Dutch artist, Jacob Ochtervelt. Van Haeften bought the rediscovered painting in New York nearly two years ago for a record $4.4 million, had it cleaned up and offered it at the Maastricht fair in 2014 for $7.5 million. It has taken a while, but he has finally come to a deal with the National Gallery of Art in Washington. The gallery has just announced the acquisition, describing the painting as “a masterpiece” that will complement its collection of high life genre scenes by Vermeer and de Hooch.

Market News: Ovenden courts controversy  (Telegraph)

More from Art Market Monitor

  • Basquiat Dispute Bubbles Into Public ViewBasquiat Dispute Bubbles Into Public View
  • Art Pros & ConsArt Pros & Cons
  • Heffel Gears Up for $15m Fall Sale in Toronto with Riopelle and HarrisHeffel Gears Up for $15m Fall Sale in Toronto with Riopelle and Harris
  • Who's Selling Ai Weiwei's Sunflower Seeds at Sotheby's?Who's Selling Ai Weiwei's Sunflower Seeds at Sotheby's?
  • What Motivates A Bidder? The Debate Over Revealing Auction ReservesWhat Motivates A Bidder? The Debate Over Revealing Auction Reserves
  • Taikang Will Work with Sotheby’s to Find Independent DirectorTaikang Will Work with Sotheby’s to Find Independent Director

Filed Under: General

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