“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.
“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.
After a calm August, the art world frenzy is starting to pick up and this week's auction at Nye & Co in New Jersey caused great excitement among the Old Master dealers. This small work on board catalogued as Continental School, 19th century with an estimate of $500-800 sold for $870,000 believed to be a lost-panel by a teenage Rembrandt.
Sotheby's secures an impressive group of works for their July Old Master Paintings sale in London; one that was put together by Barbara Piasecka Johnson (1937-2013) wife of the late John Seward Johnson, co-founder of the Johnson & Johnson firm.
Look at this rare piece of history that was auctioned off at Doyle New York on 9th of April and sold for a world record $605,000! The large Babylonian cylinder is not only an important example of cuneiform, but it is also from the reign Nebuchadnezzar II, King of Babylon from 604 – 562 BC, who was one of the most famous ancient rulers. It
Launched last week on 8th of February, the team behind the new web sensation of art world, SellYouLater.com is already getting threats "from individuals who believe our quantitative forecasting is an unfair market force," as they admit in a recent interview.
