“Long winter for Old Masters” headlined the Financial Times’ Collecting section this past weekend, referring to the bad performances of London Old Master auctions the previous week. Although Georgina Adam is right in making this statement, what isn’t mentioned is the serious lack of good quality paintings on offer, the ridiculously high estimates given by auction house experts, and a headline lot failing to sell because of authenticity concerns.
Everyone in the Old Master market is talking about the astonishing price achieved for a Netherlandish School painting that was sold at Lempertz on 17th of May. This multi-figured large composition on canvas is thought to be a work by the great master Rembrandt himself,
