Eighteenth-Century Footnote to Raphael’s $48million Drawing

Posted in Art Market by Editor on December 9, 2009

As Enfilade observed back in October when the announcement was first made regarding the sale of Raphael’s Head of a Muse, the drawing comes with an interesting eighteenth-century provenance; it once belonged to the Dutch collector Gosuinus Uilenbroek and the British painter Sir Thomas Lawrence. Last night in London, the work sold for a record $48million. As reported by Kelly Crow in the Wall Street Journal:

A rare Raphael chalk drawing of a woman’s head sold for a record £29.1 million, or $48 million, at Christie’s in London – the highest price paid all year for a work of art at auction. In the same sale, Christie’s sold a Rembrandt portrait that hadn’t been seen in public for nearly four decades for a record £20.2 million pounds, or $33.2 million. Raphael’s Head of a Muse sold to an anonymous buyer for double its high estimate, a sign that collectors are willing to chase after older masterpieces even as global prices for living artists remain shaky. The work’s price outperforms a Henri Matisse table scene that Christie’s sold this spring for $46.5 million and an Andy Warhol screenprint of 200 dollar bills that Sotheby’s sold last month for $43.7 million. . .

For the full article, click here»

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