Enfilade

At Sotheby’s: Record Price for Vernet

Posted in Art Market by Editor on February 8, 2011

Charlotte Burns reports in The Art Newspaper (28 January 2011) on Sotheby’s sale of Important Old Master Paintings & Sculpture (No8712), which took in a total of over $90million. . .

Claude-Joseph Vernet, "A Grand View of the Sea Shore Enriched with Buildings, Shipping and Figures," 1776

Sotheby’s strode ahead of rival Christie’s after a bullish 98-lot sale of old master paintings  . . . “It was outstanding. I haven’t seen an auction like this for many years,” said Colnaghi director Konrad Bernheimer. The energetic sale set new records for several artists . . . The packed salesroom started to swivel in its seats when a bidding war broke out for Claude-Joseph Vernet’s A Grand View of the Sea Shore . . . , 1776, which tripled its $2m high-estimate to hammer at a record $6.2m (est $1.5m-$2m. Total $7m, with premium). The painting once belonged to the Beaverbrook Art Gallery in Fredericton, Canada and was consigned by the UK-based Beaverbrook Foundation, which gained title to the work in September along with over 40 others in an out-of-court settlement after a lengthy legal battle. It went to New York based art advisor Carol Strone, who said she was buying on behalf of a private US collector. . . .

The full article is available here» Additional coverage is available at ArtInfo.

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