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Following the tragic events at the WTC, on the 31st of
October Christie’s opened the 19th century sales in New York with a themed auction
dedicated to Important Orientalist Paintings from a Private European Collection.
Christie’s auction of 19th Century European Art followed the next
day, with Sotheby’s closing the 19th century season on the 2nd
of November.
(Luisa Vassallo)
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Jean Léon Gérôme,
The Pelt Merchant, Cairo |
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At the end of last week Christie’s held their Old Master Pictures sales in London. The South Kensington premises kicked off proceedings on the 31st of October, followed by the major auction held at the King Street headquarters on the 2nd November. Overall results reflected the current unstable international situation.
(Luisa Vassallo)
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Salomon van Ruysdael,
A river landscape |
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Bonhams held its sale of Old Master paintings at its Chelsea site on the 31st of October and Sotheby’s followed the next day with its star lot being The Madonna and Child by Bonifacio de' Pitati, which sold for $ 117,240 (€ 130,820) against an estimate of $ 43,660-72,770 (€ 48,730-81,250). However this news was overshadowed by the merger of Bonhams with Phillips the same day.
(Andrew Moore)
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Bonifacio de' Pitati, called Bonifacio Veronese,
The Madonna and Child |
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Phillips’ (UK) merger with its junior rival Bonhams and Brooks, will see its other half, the meaner and leaner de Pury and Luxembourg enterprise jettison its Old Master and 19th century art departments, leaving the other auction houses a bigger share of an already squeezed market. This may give the initiative to smaller US and European auctions houses who are rubbing their hands as London’s art market difficulties continue.
(Andrew Moore)
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Bernardo Strozzi,
Madonna con il Bambino e San Giovannino |
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Early October saw the Old Masters season kick off around the world from Munich to New York and, despite initial caution, it turned out to be a good week for art sales. Dorotheum, the Vienna based auction house, recorded its strongest-ever Old Masters auction.
(Andrew Moore)
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Johann Michael
Rottmayr,
Moses at the
Rock of Horeb |
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The coming weeks will indicate if the world art market can bounce back from the terrorist attacks on the 11th September, when Christie’s and Sotheby’s offer sales in Old Master paintings in New York on the 3rd and 5th of October, respectively. Christie’s enjoy a stronger sale than their rivals, but concern will be apparent in the run up to the sales, with buyer confidence dented from these events and financial falls.
(Andrew Moore)
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Jan Brueghel,
The Five Senses (An allegory of Sight) |
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Whether it be members of King George III’s extended British royal family, politicians or public figures, few escaped unscathed from the harsh satirical wit of James Gillray (1756-1815). The exhibition at Tate Britain, London which ran until the 2nd of September 2001, documented Gillray’s social commentary in the late 18th Century, and displayed over 500 prints from the artist’s extensive output.
(James Bell)
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James Gillray,
Fashionable Contrasts or-The Duchess's little shoe yielding to the Magnitude of the Duke's Foot |
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While the artworld are asking themselves what kind of equilibrium will emerge in the auction market in Italy, these are the balances of the activity of the first semester 2001.
(Federico Ruberti)
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Sale proceeds of the first semester 2001 of the auction houses operating in Italy |
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