Sotheby’s Landmark Sanders Old Master Sale disappoints

Selling Sotheby has achieved the last 55 Old Master, which was collected over decades by Jordan and Thomas A. Sunders III, 64.7 million dollars, is much lower than the initial estimate of $ 80 million to $ 120 million.

On May 21, individual sale was marked by works in the sixteenth century to the early nineteenth century, and included productive works throughout Europe. Two of the 43 pieces were pulled for sale before the auction, while he did not sell 17 times as soon as the event occurred. It resulted in a sad sale rate of 58.5 percent; The number is less with the clouds taken into consideration. All works have home guarantees, and 16 pieces have third -party guarantees.

Fourteen additional works from the Sonders Group appeared at an auction on the day of May 22. All pieces have guarantees from Sotheby’s, but five of them did not sell, making the sale rate of 58.3 per cent.

Experts said that the low selling rate of evening sale was due to a mixture of very high estimates, changing tastes between buyers from the old major works, the timing of the auction, and the large number of guarantees.

Art dealer Nicholas Hall, former head of the old Master’s Department of Christie, said, ” ARTNEWS. “I think buyers prefer to make a decision on how to appreciate them.

The upper part of the sale was Francesco Jawardi Venice, the view of Ponta Dela Dogana and Santa Maria Dela Church Venice, the view of the Churches of St. Giorgio Mager and Santa Maria Dela GreetingWhich was sold for $ 10.5 million, including fees, at a low estimate of $ 10 million. It was just a lot to reach eight numbers. (All prices include buyer premium unless otherwise. Sotheby’s did not provide years of business at this auction.)

Saunderses acquired the two paintings 25 years ago in the Sotheby sales room, after another mosque decided to show interest in business for lunch.

The Guardi plate was followed by Jean Davids. De Heim The life of roses, lily, lilies, poppy, honey, sunflower, iris, and other flowers in a glass container with jarin, locust, and snailsWhich sold $ 8.8 million for low estimates of $ 8 million, and withdrew a new record for the artist. This was the first time that work appeared at an auction for more than 50 years. France Post Olinda view, Brazil, with the ruins of the Jesuit Church It is sold for $ 7.37 million for estimates from $ 6 million to $ 8 million, leasing a record at a new auction for the artist. The previous record was $ 4.5 million, appointed to Sotheby’s in 1997.

Double France Halls painting A boy, perhaps France Halls (II), plays violin; A girl, maybe Sarah Hals, sings It is sold for a high estimated period of $ 8 million to bid in the room.

Luis Milindies, Great de and Adren Corte performed well. Meléndez panel, Life is still with cauliflower and a basket with eggs, lengths, fish and various kitchen toolsI paid a bidding war between four people who spanned about five minutes, sold them to a bidder in the room and put a new auction record for the artist.

A press release issued by Sotheby indicated that nearly a quarter of the works that were sold to the offers of performances in the room, with “a strong bidding and the purchase of collectors in Asia.” Most of the works that were sold to private sector colleges were set, and the records of the Van Kisel, Adam Pinker, Barthulomeo Maton (double the previous record for the same work, which was sold in Sothebis nearly 30 years ago), and Jean -Barlet (sells for three times the previous record).

Hall noted that some pieces, such as the works of Meléndez, post, and Cororte, receive competitive bids, while others got only one offer, which reflects the attractiveness of the changing group of potential buyers. “This was a group formed at a certain time of time,” said Hall. “The taste of that time is not the taste of our time now.” Hall also described these works “aesthetic attractiveness for today’s enthusiasts in a way, for example, BRUEGEL’s life is still less likely.”

In comparison, two other works were sold to Guardi, both with estimates from $ 200,000 to $ 300,000 and a home security. Hall said that the Ghawardi market was likely to be more competitive in two decades than it is now.

One of the ways that Christie and Sotheby compete for the sales of the individual owner like this, with guarantees at stake, by offering higher estimates. Hall has managed the old Master of Christies for 12 years, and said that Sotheby had provided “very climbing” estimates about many paintings from the Sunders collection. He said, “I don’t think that helped in selling.” “I think it is a hill to climb a more slope hill when you have very aggressive estimates. This has nothing to do with the old major paintings like a category.”

Another private merchant and a former executive of the auction council were told by auctional auction similarly ARTNEWS The auction house achieved “very strong results.”

The merchant said: “If the estimates are less, then the works may have been sold – but it is too late to be 20/20 and it is better to judge the actual results of the results compared to estimates.” “The prices were strong. As a previous auction, you set estimates months ago and could not move forward with what is appropriate at that time, and sometimes you also need to take the customer’s desires and other factors outside your control.”

The timing of the sale was not perfect, compared to London in July or New York in January or early February. “The old master’s market is a very conservative world of the old style,” Hall said, noting that Christie had no old master’s sale at this time. “Buyers tend to resist in certain places at certain moments.”

When asked if the Sundars sale results would affect confidence in the old master’s category and provide more evidence of its decline, Hall said there will be great differences in opinion. He said: “I think people with knowledge will actually be very admired that he did it.” “The more people know, the more they understand that there are reasons for not selling things, or not selling more.”