![]() ![]() ![]() The painting went to another telephone bidder for $280,000 ($352,800 with fees), just above its $250,000 low expectation. ![]() Lucas Cranach the Elder, Henry IV the Devout, Duke of Saxony, Margrave of Meissen Courtesy of Christie's Images Ltd.īigger names also set sail to modest results, including Lucas Cranach the Elder’s bearded, armor-clad and sword-bearing portrait Henry IV the Devout, Duke of Saxony, Margrave of Meissen. The fourth and fifth lots, both oil-on-panel views of sea-faring vessels by Adriaen Cornelisz van Salm, sold to the same anonymous telephone buyer for $130,000 ($163,800 with fees) and $110,000 ($138,600 with fees) against identical estimate ranges of $120,000 to $180,000 each. Of the 72 lots that crossed the block, 30 were bought in, making the sell-through rate an unsettling 58%.Įarly results hinted at the market's softness. Six of the 78 works were withdrawn before the action began at Christie's, including Niccolo di Pietro Gerini’s multi-panel Scenes from the Passion of Christ, which carried an estimate of $1.2m to $1.8m. (All pre-sale estimates exclude fees.) The equivalent sale in 2023 made $44.2 million with fees, about triple the premium-inclusive total realised in this year’s auction. The premier auctions among Christie’s and Sotheby’s winter sales of Old Master works in New York this week did little to counter concerns about the deteriorating market for the classics.Ĭhristie’s Old Masters Part One sale, staged on Wednesday (31 January), limped to $10.9m ($13.8m with fees) against pre-sale expectations of $18m to $27.2m. ![]()
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