Whom You Know: Old Master Paintings Exceed Expectations at Sotheby's New York

Friday, June 7, 2013

Old Master Paintings Exceed Expectations at Sotheby's New York

Yesterday's sale of Old Master Paintings in New York exceeded expectations, bringing a total of $9,270,440, more than $2 million above the high estimate (est. $4.9/7.22 million). American collections performed particularly well with five of the top lots coming from a West Coast Estate, led by Spring, a previously unpublished picture by Pieter Brueghel the Younger,which more than doubled its high estimate, fetching $2,285,000 (est. $700/900,000). Allegories of the seasons, a group of four paintings by Sebastiaen Vrancx, also exceeded its pre-sale estimates, bringing $875,000 (est. $300/500,000), as did a rare composition by Pieter Brueghel the Younger, The Whitsun Bride, which sold for $845,000 (est. $400/600,000).

Christopher Apostle, Senior Vice President, Head of Department, Old Master Paintings, noted: “The results from today’s successful sale affirm that collectors respond to fresh property, quality and fair estimates in a well-curated sale. Early works and pictures from great private collections remain in demand, with each of the 17 lots from a West Coast Estate selling, fetching a total of $5.1 million, almost double the high estimate of $2.6 million. We were pleased with the global participation from Asia, Russia, the United States and Latin America.”
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