{"id":45080,"date":"2022-05-26T18:20:18","date_gmt":"2022-05-26T22:20:18","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=45080"},"modified":"2024-04-09T03:33:36","modified_gmt":"2024-04-09T07:33:36","slug":"sothebys-belle-epoque-splendor-the-discerning-eye-of-a-collector","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2022\/05\/sothebys-belle-epoque-splendor-the-discerning-eye-of-a-collector\/","title":{"rendered":"Sotheby\u2019s Belle \u00c9poque Splendor: The Discerning Eye Of A Collector"},"content":{"rendered":"\n\n\t
\"full<\/a>

Boldini<\/p><\/div>\n

Well, Sotheby’s presented a group of paintings from one collection titled Belle \u00c9poque Splendor: The Discerning Eye Of A Collector<\/em>. I think you will soon agree that “The Discerning Eye” part of the title was very misleading. From the images alone, we felt that this was going to be a tough one, which was confirmed after viewing the actual works. Many had condition issues, were not strong examples, and one or two were unfinished (see image below). Of course, I had to watch the sale to see what happened, and most of the results were what we expected.<\/p>\n

\"portrait<\/a>

Helleu<\/p><\/div>\n

The most highly valued lot took the top spot – Giovanni Boldini’s\u00a0Portrait of Countess Zichy<\/em>. This very large work (86.5 x 47 inches) carried a $1.5-2.5M estimate and hammered for $1.05M ($1.32M w\/p). Not what the auction room was expecting, but the owner bought the painting in 1995 after it went unsold with a $500-700K estimate. So, more than likely, he paid less than $500K. In second place they had Paul C\u00e9sar Helleu’s\u00a0Camara<\/em>. This large pastel (41.5 x 38.5 inches) had a strong estimate of $100-150K and hammered at $120K ($151.2K w\/p). The seller acquired the painting back in 1993 for $51,750 – so not too bad. The third spot was nabbed by Louis Abb\u00e9ma’s\u00a0Portrait of Ren\u00e9e Delmas de Pont-Jest<\/em>. It was estimated to bring $30-50K and was the best performer when it sold for $110K ($138.6K w\/p – more than doubling its high estimate). The seller bought this one back in 1993 for $41,400 … another profit.<\/p>\n

\"woman<\/a>

Abb\u00e9ma<\/p><\/div>\n

Coming in fourth was a late period Victor Gabriel Gilbert<\/a> titled\u00a0Marche aux fleurs<\/a> de la Madeleine<\/a>; L’embarras du choix<\/em>\u00a0that had a $50-70K estimate and sold for $70K ($88.2K w\/p – it was purchased back in 1995 for $48,875). Then there was a tie for 5th place when Paul C\u00e9sar Helleu’s\u00a0Portrait of Lucette<\/em>\u00a0(est. $60-80K – bought for $32K in 1996) and Virgilio Costantini’s\u00a0The Model’s Repose<\/em>\u00a0(est. $80-120K – bought in 1993 for $107K on a $10-15K estimate) each hammered at $50K ($63K w\/p). So, of the top works listed, five of the six were in the positive column.<\/p>\n

\"detail<\/a>

Gervex (detail – unfinished)<\/p><\/div>\n

After reading that, you might be wondering – what is Howard talking about? Most of those lots did well. You are correct that most of those did well; what you are missing is the rest of the sale, which did not perform very well. Of the 45 lots offered, 26 sold (a 57.7% sell-through rate – not one of the best). The overall estimate range was $3.43-$5.35M, and the total hammer price was $1.87M ($2.35M w\/p), so they fell far short. Of the lots offered, 12 went below, 7 within, and 7 above their estimate range, giving them an accuracy rate of just 15.5%.<\/p>\n

This sale was another example of the major saleroom’s inability to source really strong 19th-century works, and it also illustrates that when a good 19th-century work is offered, there is competitive bidding.<\/p>\n\n","protected":false},"excerpt":{"rendered":"

Well, Sotheby’s presented a group of paintings from one collection titled Belle \u00c9poque Splendor: The Discerning Eye Of A Collector. I think you will soon agree that “The Discerning Eye” part of the title was very misleading. From the images … More…<\/a><\/p>\n","protected":false},"author":21,"featured_media":45083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[384,409,207,20],"class_list":["post-45080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-contemporary","tag-19th-century-european","tag-auction-failures","tag-auction-news","tag-auction-results"],"yoast_head":"\nSotheby\u2019s Belle Epoque Splendor: The Discerning Eye Of A Collector<\/title>\n<meta name=\"description\" content=\"An analysis of the recent 19th century sale at Sotheby's titled Belle \u00c9poque Splendor: The Discerning Eye of a Collector.\" \/>\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\/2022\/05\/sothebys-belle-epoque-splendor-the-discerning-eye-of-a-collector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sotheby\u2019s Belle \u00c9poque Splendor: The Discerning Eye Of A Collector\" \/>\n<meta property=\"og:description\" content=\"An analysis of the recent 19th century sale at Sotheby's titled Belle \u00c9poque Splendor: The Discerning Eye of a Collector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2022\/05\/sothebys-belle-epoque-splendor-the-discerning-eye-of-a-collector\/\" \/>\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=\"2022-05-26T22:20:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-09T07:33:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/05\/Paul_Helleu_Camara.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1122\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Howard L. 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