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  • 6 July 2017

PRESS RELEASE: Francesco Guardi’s The Rialto Bridge with the Palazzo Dei Camerlenghi Realises £26,205,000 / $33,883,065 / €29,847,496. The Highest Price Achieved for an Old Master Painting this Year Across All Houses and the Leading Work of Art of the July 2017 Classic Season

Old Masters Evening Sale Totals £43,848,250 / $56,695,788 / €49,943,158

In The Exceptional Sale, the Marble Lions from the Tomb of Charles V by Andre Beauneveu Realised £9,349,000 / $12,088,257 / €10,648,511 - A World Auction Record for any Medieval Work of Art 

Running Total of Classic Week £67,693, 875 / $87,528,180 / €77,103,324

London – The Old Masters Evening Sale on 6 July totalled £43,848,250 / $56,695,788 / €49,943,158 and was led by Francesco Guardi’s The Rialto Bridge with the Palazzo dei Camerlenghi, which realised £26,205,000 / $33,883,065 / €29,847,496. The sale marks the highest price achieved for an Old Master painting this year across all houses and continues the success of last year’s record-breaking sales. This magnificent picture is one of the celebrated pair of views of the Grand Canal at the Rialto, which are widely regarded as the most accomplished works of Guardi’s early maturity. Ambitious in scale and startlingly innovative both in design and pictorial mood, this work stands among the masterpieces of eighteenth-century European art. The picture is prominently signed and exceptionally well preserved, having been offered for sale only once in its history. The evening sale achieved 75% by lot and 78% by value and saw registered bidders from 23 countries, across 4 continents.

Henry Pettifer, Head of Christie’s Old Master Paintings EMERI: "’The Rialto Bridge with the Palazzo dei Camerlenghi’ by Francesco Guardi is the most expensive Old Master painting since the sale of Rubens’s 'Lot and his Daughters' this time last year. It continues the momentum in the Old Masters field at Christie's and proves once again the global appetite for the very best works of art.”

SALE HIGHLIGHTS AND ARTIST RECORDS:

Further highlights of the sale included The Minuet by Giandomenico Tiepolo, which realised £3,077,000 / $3,978,561 / €3,504,703, and An Old Bearded Man, attributed to Rembrandt Harmensz. van Rijn, which sold for £2,105,000 / $2,721,765 / €2,397,595.

Five artists records were set during the Old Masters Evening Sale: David Rijckaert II’s oil on panel, A stoneware ewer, a Berkemeyer and a conical glass in a bekerschroef, with confectionary in a silver platter, on a ledge, selling for £557,000 / $720,201 / €634,423, A triptych by The Master of the Antwerp Adoration achieved £965,000 / $1,247,745 / €1,099,135, more than doubling the previous record.

The extraordinary collection of Tuscan Renaissance cassoni panels saw artist records set for Liberale da Verona’s Tobias and the Angel, which achieved £317,000 / $409,881 / €361,063  and Pellegrino di Mariano Rossini The Story of Mars and Venus, which sold for £81,250 / $105,056 / €92,544. A little later in the sale, The Holy Family by Alessandro Rosi achieved £233,000 / $301,269 / €265,387, easily passing the previous world auction record for the artist.

In the Old Master & British Drawings & Watercolours sale on 5 July, eight records were set for Timoteo Viti, Jusepe de Ribera, Carlo Maratti, Luigi Sabatelli, Adriaen van der Werff, Hendrik Gerrit ten Cate, George Romney and Samuel Frederick Brocas.

THE EXCEPTIONAL SALE

The Exceptional Sale, preceding the Old Masters Evening Sale on 6 July, presented collectors with the opportunity to acquire masterpieces of sculpture, European furniture and decorative arts, many with celebrated provenance. The sale totalled: £11,589,500 / $14,985,224 / €13,200,441 and was highlighted by a magnificent carved marble group of two addorsed lions by André Beauneveu, dating from 1364–66, which achieved £9,349,000 / $12,088,257 / €10,648,511, a world auction record for any medieval work of art sold at auction and an artist record for André Beauneveu. The Maria Fitzherbert Jewel, a diamond-glazed locket depicting George IV, realised an artist record for a portrait miniature by Richard Cosway when it sold for £341,000 / $440,913 / €388,399, almost triple its high estimate.

FURTHER CLASSIC WEEK HIGHLIGHTS TO DATE:

Classic Week opened with European Furniture & Works of Art, which totalled £2,679,750 / $3,470,276 / €3,046,876. The top lot was a pair of mid-18th century North Italian gilt-metal and rock-crystal eight-light chandeliers, which sold for £185,000 / $239,575 / €210,345, more than twice the high estimate.

Strong sell through-rates demonstrate a high demand for classic collecting categories including the Antiquities sale, which realised £4,613,750 / $5,956,351 / €5,236,606 and sold 98% by value and 92% by lot. The top price in the sale was achieved for an Egyptian granite head of Sekhmet, circa 1388-1351 BC, which sold for £605,000 / $781,055 / €686,675, more than four times its high estimate. Online bidders have played an important part in Classic Week. This was particularly evident in the Antiquities sale which saw over 40% of the works being bid for by online buyers. The Old Master Drawings & Watercolours sale sold 83% by value and totalled £4,962,625 / $6,406,749 / €5,632,579, led by J.M.W. Turner’s wonderful watercolour, Norham Castle: Sunrise, which realised £581,000 / $750,071 / €659,435.

PARTICIPATION OF PUBLIC INSTITUTIONS:

Christie’s Classic Week offers an international platform for the very best in classical art and has witnessed participation of public institutions in acquiring:

5 July | Antiquities Sale - A ceremonial bronze The Ommerschans Hoardcirca 1500-1350 (estimate: £80,000-£120,000), sold for £485,000 / $626,135 / €550,475, to the Rijksmuseum van Oudheden, Leiden, Netherlands.

5 July | Old Master & British Drawings & Watercolours - Portrait of the princes Camillo and Francesco Borghese as young boys (estimate: £20,000 - 30,000) by Giuseppe Cades was purchased for £56,250 / $72,618 / €63,843 by the Metropolitan Museum of Art.

5 July | Old Master & British Drawings & Watercolours - A view of Amersfoort by Gaspar van Wittel, called Vanvitelli (estimate: £150,000-250,000), was bought for £185,000 / $238,835 / €209,975 by the Museum Flehite, Amersfoort with the support of Vereniging Rembrandt.

About Christie’s

Christie’s, the world's leading art business, had global auction, private and digital sales in first half of 2017 that totalled £2.35 billion / $3 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.

Alongside regular sales online, Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.