Whom You Know: Sotheby's Old Masters Week Sales Total $73.1 Million in New York

Tuesday, January 31, 2012

Sotheby's Old Masters Week Sales Total $73.1 Million in New York

Sotheby’s tells us:

Sotheby’s annual Old Masters Week sales concluded this afternoon with a strong cumulative total of $73,052,668. Yesterday’s sale of Important Old Master Paintings & Sculpture totaled $62,081,477, and was highlighted by five remarkable pictures that achieved prices over $4 million – led by Canaletto’s View of the Churches of the Redentore and San Giacomo from the Estate of Lady Forte that sold for $5,682,500 (est. $5/7 million), and Lucas Cranach the Elder’s portraitLucretia that brought $5,122,500 (est. $4/6 million). New auction records were established for artists including Simone Martini, Fra Bartolommeo and Charles-Antoine Coypel.

On Wednesday, the auction of Old Master Drawings achieved $5,640,813 – the highest result for an auction in this category at Sotheby’s New York since 1998. The sale featured an Italian Renaissance Portrait of a Young Man attributed to Piero del Pollaiuolo, which sold to the J. Paul Getty museum in California for $1,398,500 – well above its $400,000 high estimate.Friday’s auctions of Masterworks and Old Master & 19th Century European Art added a combined $5,330,387 to the week’s total.

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