{"id":45353,"date":"2022-07-15T07:00:18","date_gmt":"2022-07-15T11:00:18","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=45353"},"modified":"2022-07-14T21:43:57","modified_gmt":"2022-07-15T01:43:57","slug":"christies-london-old-masters-sale","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2022\/07\/christies-london-old-masters-sale\/","title":{"rendered":"Christie&#8217;s London Old Masters Sale"},"content":{"rendered":"<div id=\"attachment_45363\" style=\"width: 285px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/CranachNymphChristies.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-45363\" class=\"wp-image-45363 \" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/CranachNymphChristies-300x206.png\" alt=\"The Nymph of the Spring by Lucas Cranach the Elder, sold at Christie's\" width=\"275\" height=\"189\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/CranachNymphChristies-300x206.png 300w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/CranachNymphChristies-1024x702.png 1024w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/CranachNymphChristies-768x526.png 768w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/CranachNymphChristies.png 1210w\" sizes=\"(max-width: 275px) 100vw, 275px\" \/><\/a><p id=\"caption-attachment-45363\" class=\"wp-caption-text\"><em>The Nymph of the Spring<\/em> by Lucas Cranach the Elder<\/p><\/div>\n<p><span data-preserver-spaces=\"true\">On Thursday, July 7th, Christie\u2019s London hosted its Old Masters sale, capping off a string of Old Masters sales held the previous week at London\u2019s other major auction houses. While the sale did rather well, there were a few disappointing moments.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The sale&#8217;s top lot was\u00a0<\/span><em><span data-preserver-spaces=\"true\">The Nymph of the Spring<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0by Lucas Cranach the Elder. It initially seemed a little underwhelming, not much different from some of the other Renaissance and Baroque nudes by masters like Titian or Rubens. But the more I read about it, the more I understood that multi-million pound price tag. Mythical nudes were a common subject for Cranach, who created twelve different works entitled\u00a0<\/span><em><span data-preserver-spaces=\"true\">Nymph of the Spring<\/span><\/em><span data-preserver-spaces=\"true\">. This one, however, is the largest of the bunch, measuring almost three feet by four feet. While Cranach\u2019s first works featuring the reclining, nude nymph date to around 1518, specialists can date this particular nymph to about 1540 to 1545. This is known because of a small white symbol painted on the tree in the foreground: a winged serpent, which Cranach used as his signature starting around 1537. The work also has an incredible provenance. It appears to have been in the Holy Roman Emperor Rudolph II&#8217;s collection before being looted by Swedish troops at the end of the Thirty Years\u2019 War in 1648. Afterward, it was placed in the collection of Sweden\u2019s Queen Christina, one of the most interesting women of early modern Europe. For several centuries, it remained in Sweden, bouncing around between several prominent collections, including that of Count Gustav Adolf Sparre, one of the top art collectors of the eighteenth century; it finally ended up in a UK collection. Bidding for the Cranach stopped at its high estimate, with the hammer coming down at \u00a38M \/ $9.6M (or \u00a39.5M \/ $11.3M w\/p).<\/span><\/p>\n<div id=\"attachment_45364\" style=\"width: 181px\" class=\"wp-caption alignright\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/VanDyckCarmeliteMonkChristies.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-45364\" class=\"wp-image-45364\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/VanDyckCarmeliteMonkChristies-233x300.png\" alt=\"Portrait of a Carmelite Monk by Anthony van Dyck, sold at Christie's\" width=\"171\" height=\"220\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/VanDyckCarmeliteMonkChristies-233x300.png 233w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/VanDyckCarmeliteMonkChristies.png 643w\" sizes=\"(max-width: 171px) 100vw, 171px\" \/><\/a><p id=\"caption-attachment-45364\" class=\"wp-caption-text\"><em>Portrait of a Carmelite Monk<\/em> by Anthony van Dyck<\/p><\/div>\n<p><span data-preserver-spaces=\"true\">The house specialists&#8217; predictions also proved correct regarding the Anthony Van Dyck\u00a0<\/span><em><span data-preserver-spaces=\"true\">Portrait of a Carmelite Monk<\/span><\/em><span data-preserver-spaces=\"true\">. Like the Cranach nymph, the Carmelite Monk also has an interesting provenance. Not long after its creation, it was bought by one of Van Dyck\u2019s contemporaries, the Flemish master Peter Paul Rubens. The portrait remained the property of Rubens\u2019s descendants until it was sold at Sotheby\u2019s London in 2011 for \u00a3713.3K w\/p. Whoever bought it back then certainly made a pretty penny since the priestly portrait sold for its low estimate at \u00a32.8M \/ $3.4M (or \u00a33.4M \/ $4.1M w\/p). Tying with the Van Dyck, Jacob van Ruisdael\u2019s\u00a0<\/span><em><span data-preserver-spaces=\"true\">A wooded landscape<\/span><\/em><span data-preserver-spaces=\"true\"> also brought in \u00a32.8M for Christie\u2019s. The landscape was last sold in 1977 at Sotheby\u2019s Amsterdam location. One issue for anyone looking into that sale is that in 1977 the Netherlands still used the Dutch guilder (\u0192). Nowadays, the guilder is a defunct currency, having been replaced by the euro in 2004. Some research and a little arithmetic led me to guess that the \u0192740K the landscape sold for in 1977 was equal to about $300K at the time (around $1.45M in today\u2019s money).<\/span><\/p>\n<div id=\"attachment_45365\" style=\"width: 263px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/RuisdaelWoodedLandscapeChristies.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-45365\" class=\"wp-image-45365\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/RuisdaelWoodedLandscapeChristies-300x231.png\" alt=\"A wooded landscape with a man and two dogs on a path, a cottage beyond by Jacob van Ruisdael, sold at Christie's\" width=\"253\" height=\"195\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/RuisdaelWoodedLandscapeChristies-300x231.png 300w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/RuisdaelWoodedLandscapeChristies-1024x787.png 1024w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/RuisdaelWoodedLandscapeChristies-768x590.png 768w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/RuisdaelWoodedLandscapeChristies.png 1080w\" sizes=\"(max-width: 253px) 100vw, 253px\" \/><\/a><p id=\"caption-attachment-45365\" class=\"wp-caption-text\"><em>A wooded landscape<\/em> by Jacob van Ruisdael<\/p><\/div>\n<p><span data-preserver-spaces=\"true\">Now, I mentioned that the sale was a little disappointing in some regards. This was mainly because of Antonio Canova\u2019s sculpture <\/span><a href=\"https:\/\/www.christies.com\/media-library\/images\/features\/articles\/2022\/06\/27-01\/canova\/antonio-canova-maddalena-giacente-recumbent-magdalene.jpg?w=780\"><em><span data-preserver-spaces=\"true\">Maddalena Giacente<\/span><\/em><\/a><span data-preserver-spaces=\"true\">, or the Recumbent Magdalene. The work\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cnn.com\/style\/article\/canova-maddalena-giacente-auction\/index.html\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">made headlines<\/span><\/a><span data-preserver-spaces=\"true\"> back in March when Christie\u2019s announced it would be included in this Thursday\u2019s sale. It has an incredible story behind it since it\u2019s considered a rediscovered lost work after spending decades outdoors as a garden statue in west London. House experts at Christie\u2019s expected the statue to reach anywhere between \u00a35M and \u00a38M. However, it became clear that the Canova\u2019s reserve was set at the low estimate because the work was bought in when bidding stalled at \u00a34.8M. This was another example of how a single lot can make or break a sale. Had the Canova sold at \u00a34.8M, the sale would have made its total estimate. However, because it went unsold, the entire sale accumulated \u00a323.2M (or $27.8M), or \u00a31M short of expectations. Twenty-nine of the thirty-five available lots sold, with six selling within estimate and eleven selling over. Not too bad, but still a bit disappointing all because of just one lot.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, July 7th, Christie\u2019s London hosted its Old Masters sale, capping off a string of Old Masters sales held the previous week at London\u2019s other major auction houses. While the sale did rather well, there were a few disappointing &hellip; <a href=\"https:\/\/rehs.com\/eng\/2022\/07\/christies-london-old-masters-sale\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":6,"featured_media":45363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[345,384,207,20,416,15,58,11,9],"class_list":["post-45353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","category-rehs-contemporary","tag-17th-century-art","tag-19th-century-european","tag-auction-news","tag-auction-results","tag-christies","tag-comments-on-the-art-market","tag-old-masters","tag-rehs-contemporary-news","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>Christie&#039;s London Old Masters Sale - Rehs Galleries<\/title>\n<meta name=\"description\" content=\"On July 7th, Christie\u2019s hosted its Old Masters sale, capping off a string of similar sales held across the previous week.\" \/>\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\/07\/christies-london-old-masters-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Christie&#039;s London Old Masters Sale\" \/>\n<meta property=\"og:description\" content=\"On July 7th, Christie\u2019s hosted its Old Masters sale, capping off a string of similar sales held across the previous week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2022\/07\/christies-london-old-masters-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-15T11:00:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/07\/CranachNymphChristies-1024x702.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"702\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Nathan Scheer\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Scheer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/07\\\/christies-london-old-masters-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/07\\\/christies-london-old-masters-sale\\\/\"},\"author\":{\"name\":\"Nathan Scheer\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/1d33fd182b28afdad8fc3548ffe6bdc4\"},\"headline\":\"Christie&#8217;s London Old Masters Sale\",\"datePublished\":\"2022-07-15T11:00:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/07\\\/christies-london-old-masters-sale\\\/\"},\"wordCount\":737,\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/07\\\/christies-london-old-masters-sale\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/CranachNymphChristies.png\",\"keywords\":[\"17th Century Art\",\"19th Century European\",\"Auction News\",\"Auction Results\",\"christie's\",\"Comments on the Art Market\",\"Old Masters\",\"Rehs Contemporary - Art World News\",\"Rehs Galleries - Art World News\"],\"articleSection\":[\"Rehs 19th &amp; 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