
This diamond and sapphire sunburst brooch by Tiffany & Co is estimated at 1,500-2,000. (Click on image to enlarge) UPDATE: THIS MADE 1,500

An Art Deco diamond and sapphire ring estimated at 4,500-5,000. (Click to enlarge) UPDATE: THIS MADE 4,600

This diamond and sapphire sunburst brooch by Tiffany & Co is estimated at 1,500-2,000. (Click on image to enlarge) UPDATE: THIS MADE 1,500

An Art Deco diamond and sapphire ring estimated at 4,500-5,000. (Click to enlarge) UPDATE: THIS MADE 4,600
ONE of the highest prices for a wood sculpture was achieved by a German walnut Half-Relief with the Death of the Virgin. Dated circa 1430-40 it made £529,250 at Sotheby’s in London on July 8. It had been estimated at £60,000-80,000. It had been restituted to the heirs of Ottmar Strauss in 2010 from the Badisches Landesmuseum, Karlsruhe. A Jew who rose through the ranks of industry and government Ottmar Strauss (1878-1941) lost favour and fortune after 1933 once Hitler had seized power. The Strauss collection was dispersed in three forced sales held at Hugo Helbing in Frankfurt am Main in 1934 and 1935.
The half relief was the top lot in a sale of Old Master Sculpture & Works of Art which made £2,657,050 against an estimate of £2,221,700-3,309,000.

This masterpiece of English Rococo, the Burghley Epergne, was created for the 9th Earl of Exeter. It is estimated at $800,000/1.2 million. (Click on image to enlarge) UPDATE: THIS SOLD FOR $950,500.
The four day sale of the Lily and Edmond J. Safra Collections at Sotheby’s in New York in October offers remarkable opportunities to collectors around the world. Sotheby’s say that the six dedicated sales from October 18-21 represent the pinnacle of their respective collecting categories.

Cosway binding by Riviere & Sons Concerning the True Portraiture of Mary Queen of Scots by Joshua James Foster. The cover is inset with 13 miniature portraits of Mary Stuart and François II, almost certainly painted by Miss C. B. Currie ($40/60,000). (Click to enlarge) UPDATE: THIS SOLD FOR $50,000.

Letters from Theodore Roosevelt at Mealy's book sale. (Click on image to enlarge) UPDATE: THIS MADE 1,800

One of a pair of Irish George II armchairs c1750 estimated at £20,000-40,000. (Click on image to enlarge). Copyright Christie's Images. UPDATE: THE PAIR MADE £39,650.

Nathaniel Hone, R.A. (Dublin 1718-1784 London) Portrait of Miss Gardner. (£10,000-15,000). (Click on image to enlarge). Copyright Christie's Images. UPDATE: THIS MADE £17,500
Francesco Guardi’s monumental masterpiece Venice, a View of the Rialto Bridge, Looking North, from the Fondamenta del Carbon made £26,697,250 at Sotheby’s on July 6. This was a record as the second highest price paid for any Old Master painting at auction, a record for a Venetian view painting at auction and a record for Guardi. It was bought by an anonymous bidder in a sale which achieved a total of £47,640,900.

Correggio - Madonna and Child with the Infant Saint John the Baptist made £3,625,250. (Click to enlarge)
There were artist records for seven other paintings. Hans Schäufelein double-sided, tempera and oil altarpiece panel, The Dormition of the Virgin, realised £2,729,250; Madonna and child with the infant Saint John the Baptist by Antonio Allegri, better known as Correggio made £3,625,250; John de Critz the Elder oil on panel Portrait of James I made £199,250; Jacob Knyff’s painting Charles II and James, Duke of York, on board H.M.S. Triumph, with three royal yachts off Dover made £169,250; Francesco de Michele Triptych: Central panel: Saint Gregory the Great: left wing: Saint Catherine of Alexandria: right wing: Saint Jerome made £241,250; Vittore Ghislandi called Fra G algario Portrait of a young man in a green tunic made £325,250 and Anthonie Verstraelen A winter landscape with figures skating on a frozen river beside a village made £481,250.
The previous highest price for a Venetian view painting was £18.6 million for Canaletto’s Venice – The Grand Canal from Palazzo Balbi, at Sotheby’s London in July 2005. The previous auction record for a monumental view painting by Francesco Guardi was £9,889,937 at Sotheby’s in Monaco in 1989.
A racehorse famous in the 18th century is still winning in the 21st. Gimcrack (a word defined as a cheap and showy object) belied his name and proved his worth at Christie’s Old Masters evening sale in London on July 5 by making £22,441,250.
Gimcrack on Newmarket Heath, with a Trainer, a Stable-Lad, and a Jockey by George Stubbs (1724-1806) depicts one of the most popular and admired of all 18th century racehorses. The estimate was £20/30 million. As a result of this sale Stubbs now joins Rubens, Rembrandt, Turner and Pontormo as the only Old Master artists whose paintings have sold for more than £20 million at auction.
The Evening Sale of Old Master & British Paintings realised £49,766,050. It sold 67% by lot and 83% by value. The evening’s top price was paid for Gimcrack, a masterpiece of both British art and sporting painting. Bought by Piers Davies Fine Art on behalf of a client it is the third most valuable Old Master painting ever sold at auction. It was last sold at auction in 1951 when it realized £12,600.
There was a world record price for Thomas Gainsborough when his Portait of Mrs. William Villebois made £6,537,250. A male nude drawing by Michaelangelo made £3,177,250 against an estimate of £3/5 million.
Christie’s reported that there was a noticeable demand from private clients. There was a particularly high level of interest and bidding from new clients, including a significant number from Asia. Another change in the market for Old Masters is the amount of collectors who buy across a range of categories, driven by quality. These collectors are, they say, adding a new energy to certain sectors of this field.
(See antiquesandartireland.com posts for May 31 and April 6).