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  • Press release
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  • London
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  • For immediate release
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  • 7 December 2017

RESULTS: Old Masters Evening Sale Totals £21,772,000/ $29,109,164 /€24,667,676

Old Masters Evening Sale

Totals £21,772,000/ $29,109,164 /€24,667,676

Selling 93% by value with 78% of lots exceeding their estimate

El Greco’s ‘Saint Francis and Brother Leo in Meditation’ from Property from the Collection of Stanford Z. Rothschild, Jr. Realises £6,871,250/ $9,186,861/ €7,785,126

Running Total of Classic Week £28,363,750/ $37,943,180/ €32,120,596

 

London – The Old Masters Evening Sale on 7 December totalled £21,772,000/ $29,109,164/ €24,667,676 and was led by El Greco’s Saint Francis and Brother Leo in Meditation, from the Collection of Stanford Z. Rothschild, Jr., which sold for £6,871,250/ $9,186,861/ €7,785,126, becoming the second highest price for the artist at auction. A new world record price for the artist at auction was also set for Bartholomäus Spranger with Mercury carrying Psyche to Mount Olympus, which far surpassed the previous record, realising £3,368,750 / $4,504,019 / €3,816,794. The sale was 77% sold by lot and 93% sold by value, with registered bidders from 30 countries, across 5 continents.

Henry Pettifer, Head of Christie’s Old Master Paintings EMERI: "2017 is the second consecutive record year for Old Masters at Christie’s. With 78% of lots selling above estimate, tonight’s sale was 93% sold by value, the second highest sell-through rate by value for Old Masters, Christie’s London. The sale proved the healthy demand for 16th and 17th century Dutch and Flemish paintings, demonstrated by the highly competitive bidding for the works by Spranger, Rembrandt, Ruisdael and Teniers, among others. We were pleased to see El Greco’s superb Saint Francis and Brother Leo in Meditation set the second highest price for the artist at auction, and for the new record for the Spranger which is one of the finest mannerist pictures to come to the market in recent memory. We now look forward to our sale of ‘Old Masters including Old Master & British Drawings and Watercolours’ on 8 December.”

About Christie’s

Christie’s, the world's leading art business, had global auction, private and digital sales in 2017 that totalled £5.1 billion / $6.6 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. 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.