{"id":31136,"date":"2018-12-19T15:56:20","date_gmt":"2018-12-19T20:56:20","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=31136"},"modified":"2024-04-18T03:16:25","modified_gmt":"2024-04-18T07:16:25","slug":"sothebys-art-of-travel-and-exploration-a-really-hard-lesson","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2018\/12\/sothebys-art-of-travel-and-exploration-a-really-hard-lesson\/","title":{"rendered":"Sotheby\u2019s: Art of Travel and Exploration &#8211; A Really Hard Lesson"},"content":{"rendered":"\n\n\t<div id=\"attachment_31139\" style=\"width: 250px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2018\/12\/musin_hms_resolute.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-31139\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2018\/12\/musin_hms_resolute.jpg\" alt=\"Francois Musin &quot;HMS Resolute in Search of Sir John Franklin&quot;\" width=\"240\" height=\"142\" \/><\/a><p id=\"caption-attachment-31139\" class=\"wp-caption-text\">Francois Musin &#8220;HMS Resolute in Search of Sir John Franklin&#8221;<\/p><\/div>\n<p>The market&#8217;s flood continued with Sotheby&#8217;s, London, presenting two sales on the 13<sup>th<\/sup> of December.\u00a0 First up was a small one they call Art of Travel and Exploration.\u00a0 Why they needed to break these out into a standalone sale is still a mystery to me; however, since the results were so bad maybe they will rethink the idea (all prices, unless noted, include the buyer&#8217;s premium).<\/p>\n<div id=\"attachment_31138\" style=\"width: 188px\" class=\"wp-caption alignright\"><img decoding=\"async\" aria-describedby=\"caption-attachment-31138\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2018\/12\/israels-300x217.jpg\" alt=\"Isaac Israels &quot;Seated Javanese Dancers&quot;\" width=\"178\" height=\"129\" \/><p id=\"caption-attachment-31138\" class=\"wp-caption-text\"><a href=\"https:\/\/rehs.com\/eng\/bio\/isaac-israels\/\">Isaac Israels<\/a> &#8220;Seated Javanese Dancers&#8221;<\/p><\/div>\n<p>As I mentioned, this was a small sale &#8211; just 35 lots. In addition, two were withdrawn, so it left them with just 33.\u00a0 In the number one spot was a very nice Arctic scene by Francois Musin titled <em><a href=\"https:\/\/www.americanheritage.com\/content\/return-resolute\" target=\"_blank\" rel=\"noopener\">HMS Resolute<\/a> in Search of <a href=\"https:\/\/www.britannica.com\/biography\/John-Franklin\" target=\"_blank\" rel=\"noopener\">Sir John Franklin<\/a><\/em> that made \u00a3100K\/$127K (est. \u00a380-120).\u00a0\u00a0In case you are wondering, they never found Sir Franklin and some of the timbers from the ship were eventually used to make The Resolute Desk, which is in the White House.\u00a0 In second, Isaac Israels&#8217; <em>Seated Javanese Dancers<\/em> brought \u00a388K\/$110K (est. \u00a380-120K) &#8212; one of four paintings by the artist in the sale; the others went unsold.\u00a0 In third was David Shepherd&#8217;s <em>Under the Baobab<\/em> at \u00a340K\/$51K (est. \u00a320-30K) &#8211; the seller bought the work back in 2012 for \u00a322.5K\/$35K.<\/p>\n<div id=\"attachment_31137\" style=\"width: 250px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2018\/12\/david_shepherd_under_the_baobab.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-31137\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2018\/12\/david_shepherd_under_the_baobab-300x179.jpg\" alt=\"David Shepherd's Under the Baobab\" width=\"240\" height=\"143\" \/><\/a><p id=\"caption-attachment-31137\" class=\"wp-caption-text\">David Shepherd&#8217;s Under the Baobab<\/p><\/div>\n<p>Sadly, that was just about all the action they would see.\u00a0 By the end of the sale, of the 33 works offered only ten sold (30% sell-through rate), and the total take was a mere \u00a3372K\/$471K &#8211; the low end of their presale estimate was 985K. \u00a0Yikes! The top three paintings accounted for 61% of the sale&#8217;s total, and as for their accuracy rate, it came in at about 18% (only six lots sold within their range). \u00a0You can see, this one missed the mark &#8211; by a long shot.<\/p>\n<p>There are still far too many sales taking place.\u00a0 Please repeat after me &#8212; Less is More, Less is More!<\/p>\n<p>&nbsp;<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>The market&#8217;s flood continued with Sotheby&#8217;s, London, presenting two sales on the 13th of December.\u00a0 First up was a small one they call Art of Travel and Exploration.\u00a0 Why they needed to break these out into a standalone sale is &hellip; <a href=\"https:\/\/rehs.com\/eng\/2018\/12\/sothebys-art-of-travel-and-exploration-a-really-hard-lesson\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":21,"featured_media":31139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[409,20,9],"class_list":["post-31136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","tag-auction-failures","tag-auction-results","tag-rehs-galleries-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sotheby\u2019s: Art Of Travel And Exploration \u2013 A Really Hard Lesson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2018\/12\/sothebys-art-of-travel-and-exploration-a-really-hard-lesson\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sotheby\u2019s: Art of Travel and Exploration - A Really Hard Lesson\" \/>\n<meta property=\"og:description\" content=\"The market&#8217;s flood continued with Sotheby&#8217;s, London, presenting two sales on the 13th of December.\u00a0 First up was a small one they call Art of Travel and Exploration.\u00a0 Why they needed to break these out into a standalone sale is &hellip; More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2018\/12\/sothebys-art-of-travel-and-exploration-a-really-hard-lesson\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/howard.rehs\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-19T20:56:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-18T07:16:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2018\/12\/musin_hms_resolute.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"292\" \/>\n\t<meta property=\"og:image:height\" content=\"173\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Howard L. 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