Howard L. Rehs is a dealer in New York. He specializes in 19th Century pictures but he keeps a broader eye out on the art market. Here’s his latest report:
First up was Bonhams’ 19th Century Paintings, Drawing and Watercolours in London; a sale divided into two sections: 19th Century Paintings and Victorian Paintings.
The 19th Century Paintings section offered 71 works and there were just as many hits as misses. This section produced two of the highest prices for the sale: Sorolla’s portrait of Raquel Meller which was estimated at £150-£200K and sold at £180K ($284K) and F.M. Kruseman’s Winter landscape with skaters near a castle … a rather large and fine example (although it was unsigned) that made £156K ($246K) – one of the top prices achieved by the artist at auction. Of the 71 works offered here, 30 failed to find buyers leaving this section with a sell-through rate of just 57.7%.
The Victorian works seemed to do a bit better with 100 works offered and 74 sold for a sell-through rate of 74% and the top lot being Clausen’s The Flower Seller, Trafalgar Square at £78K ($123K). When combined, the entire sale saw 171 works offered with 115 sold for a combined sell-through rate of 67.2% and a total take of £1.78M ($2.8M) – the expected range was £1.71M – £2.46M so they made the range, but only after the buyer’s commission was added in.Continue Reading