{"id":46451,"date":"2022-12-15T15:52:31","date_gmt":"2022-12-15T20:52:31","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=46451"},"modified":"2023-11-27T04:59:43","modified_gmt":"2023-11-27T09:59:43","slug":"london-old-masters-week-christies","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2022\/12\/london-old-masters-week-christies\/","title":{"rendered":"London Old Masters Week: Christie’s Evening Sale"},"content":{"rendered":"
\"A<\/a>

The Reading Party<\/em> by Jean-Fran\u00e7ois de Troy<\/p><\/div>\n

On December 8th, Christie’s London featured twenty-seven lots as part of its Old Masters evening sale. This came the day after Sotheby’s held its own rather successful Old Masters sale. While both auctions did relatively well overall, some writers couldn\u2019t help but express some pessimism for the market’s future (w\/p = with buyer’s premium).<\/span><\/p>\n

The stars of the sale were more or less what the specialists had predicted, with Jean-Fran\u00e7ois de Troy\u2019s <\/span>Reading Party<\/span><\/i> coming out on top. This beautiful 1735 work is one of de Troy\u2019s famous tableaux de mode<\/em>\u00a0scenes showing contemporary fashions and pastimes, or what we might call \u201cslice of life\u201d today. Even though de Troy is often categorized as a Rococo painter, his tableaux de mode<\/em> are often not as sensual or whimsical as the works of his contemporaries like Watteau and Fragonard. But that does not mean that his works are less valuable or admired, as many of his tableaux<\/em> are considered museum-quality pieces, including <\/span>The Reading Party<\/span><\/i>. Estimated to sell for between \u00a32M and \u00a33M, the painting hit its mark when the hammer came down at \u00a32.4M \/ $2.9M (or \u00a32.9M \/ $3.6M w\/p).<\/span><\/p>\n

\"A<\/a>

Portrait of Queen Henrietta Maria<\/em> by Sir Anthony van Dyck<\/p><\/div>\n

While the de Troy gave the end of the sale a bit of excitement, the other two top lots opened everything up with a bang. Sir Anthony van Dyck\u2019s Portrait of Queen Henrietta Maria<\/em> came in second place at Christie\u2019s that evening. The portrait has an incredibly interesting history: the painting offered at Christie’s is often called the Warwick version since it was owned by seven generations of the Greville family, the Earls of Warwick. The Warwick version is the second, slightly more detailed rendering of a portrait originally commissioned by Queen Henrietta Maria, the wife of King Charles I of England, as a gift to Cardinal Francesco Barberini. The Barberini version<\/a> is now owned by New York’s Metropolitan Museum of Art. The Warwick version, offered at Christie’s on Thursday, had been up at auction as recently as 2015 when it went unsold at Sotheby’s London with an estimate of \u00a31.5M to \u00a32.5M. But if you look up the pictures of the portrait offered at Sotheby’s, it looks very different from the one featured in last Thursday’s sale. That’s because the Warwick version used to be a full-length portrait<\/a>. It was altered and extended on behalf of the Earls of Warwick by one of their favorite portraitists, Sir Joshua Reynolds. This was done so that the painting would fit better when hanging in the principal state rooms at Warwick Castle. The portrait has since been restored to its original format, hence the difference in appearance. With such a storied past, it’s a pity that Henrietta Maria<\/em> wasn’t valued at more than its \u00a32M to \u00a33M estimate. But it seems the house specialists made the right judgment call, as the painting hit its low end at \u00a32M \/ $2.4M (or \u00a32.4M \/ $2.9M w\/p).<\/span><\/p>\n

The evening\u2019s third-place lot was another portrait by an equally renowned portraitist. Like Van Dyck, Hans Holbein the Younger is often associated with the English court, with some of his best-known works being portraits of King Henry VIII, Jane Seymour, Thomas Cromwell, Thomas More, and Anne of Cleves. However, he first established his reputation as an artist with his portraits of the Dutch philosopher Erasmus of Rotterdam. The half-length portrait featured at Christie\u2019s on Thursday was a bit of a surprise since the attribution was to \u201cHans Holbein the Younger and Workshop\u201d. This was notable since art historians are only aware of three existing Erasmus portraits created solely by Holbein, with the others labeled as products of just his workshop or as copies by later artists. There are about thirty-eight portraits identical to the one sold at Christie\u2019s on Thursday, all copies of an original work that has not been found. Arguably, the best example hangs at the Kunstmuseum in Basel, Switzerland. Attributing the work to Holbein and Workshop implies that the artist had more of a hand in the work’s creation than others. Dr. Bodo Brinkmann, the Kunstmuseum\u2019s Old Masters curator, was the one who assigned this attribution, so I suppose that’s reassuring. Against a low estimate of \u00a31M, the Holbein eventually brought in \u00a3900K \/ $1.1M (or \u00a31.1M \/ $1.4M w\/p).<\/span><\/p>\n

\"A<\/a>

Portrait of Desiderius Erasmus<\/em> by Hans Holbein the Younger<\/p><\/div>\n

Overall, Christie\u2019s achieved a sell-through rate of 89%. With seven of the twenty-seven works selling within their estimates, the specialists reached an accuracy rate of 26%. An additional seven works sold above estimate, while ten lots (37%) sold below… only three went unsold. Christie’s eventually brought in \u00a310.6M \/ $12.9M, just above the \u00a39.6M low estimate. But despite the numbers from both Christie’s and the Sotheby’s sale the previous evening, some commentators were still pessimistic. Scott Reyburn, writing for<\/span> The Art Newspaper<\/span><\/a>, lamented how both sales featured so few works, blaming post-Brexit tariffs and import delays. He also bemoaned the fact that museum-quality pieces were selling for what amounted to peanuts in the Old Masters markets of years past; that a work by Titian could sell for the same hammer price as (gasp!) a Warhol. Whichever way you look at it, both sales did very well, especially when compared to Old Masters sales in years past.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

On December 8th, Christie’s London featured twenty-seven lots as part of its Old Masters evening sale. This came the day after Sotheby’s held its own rather successful Old Masters sale. While both auctions did relatively well overall, some writers couldn\u2019t … More…<\/a><\/p>\n","protected":false},"author":6,"featured_media":46438,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[207,20,15,689,65,58,11,9,690,687,688],"class_list":["post-46451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","category-rehs-contemporary","tag-auction-news","tag-auction-results","tag-comments-on-the-art-market","tag-holbein","tag-museums","tag-old-masters","tag-rehs-contemporary-news","tag-rehs-galleries-news","tag-reynolds","tag-rococo","tag-van-dyck"],"yoast_head":"\nLondon Old Masters Week: Christie\u2019s Evening Sale<\/title>\n<meta name=\"description\" content=\"On December 8th, Christie's London hosted its Old Masters evening sale, the day after Sotheby's held its own successful sale across town.\" \/>\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\/12\/london-old-masters-week-christies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"London Old Masters Week: Christie's Evening Sale\" \/>\n<meta property=\"og:description\" content=\"On December 8th, Christie's London hosted its Old Masters evening sale, the day after Sotheby's held its own successful sale across town.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2022\/12\/london-old-masters-week-christies\/\" \/>\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=\"2022-12-15T20:52:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-27T09:59:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2022\/12\/2022_CKS_20553_0028_000jean-fran199ois_de_troy_the_reading_party105600-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2034\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/12\\\/london-old-masters-week-christies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/12\\\/london-old-masters-week-christies\\\/\"},\"author\":{\"name\":\"Nathan Scheer\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/1d33fd182b28afdad8fc3548ffe6bdc4\"},\"headline\":\"London Old Masters Week: Christie’s Evening Sale\",\"datePublished\":\"2022-12-15T20:52:31+00:00\",\"dateModified\":\"2023-11-27T09:59:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/12\\\/london-old-masters-week-christies\\\/\"},\"wordCount\":939,\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2022\\\/12\\\/london-old-masters-week-christies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/2022_CKS_20553_0028_000jean-fran199ois_de_troy_the_reading_party105600-scaled.jpg\",\"keywords\":[\"Auction News\",\"Auction Results\",\"Comments on the Art Market\",\"holbein\",\"museums\",\"Old Masters\",\"Rehs Contemporary - 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