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Turner masterpiece wins record auction price
Source: Agencies |
July 8, 2010, Thursday
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SOTHEBY'S sold a Turner masterpiece for 29.7 million pounds (US$45.10 million) yesterday, a record for the artist at auction and eclipsing pre-sale expectations of 12-18 million pounds.
The painting "Modern Rome -- Campo Vaccino" was the top-selling work at the auctioneer's evening summer sale of Old Master and British paintings in London that produced nine artist records.
It took just 5 minutes for the British master's final painting of Rome to achieve the record, according to Sotheby's, with six bidders battling it out for a rare work that had come up for sale only once before in its 171-year history.
The previous record was 20.5 million pounds for Turner's view of Venice entitled "Giudecca, La Donna della Salute and San Giorgio" in April 2006.
Overall the auction fetched 53.5 million pounds, above expectations of 33.8.-49.6 million pounds, with 43.6 percent of lots securing prices above their high estimates.
Three works by members of the Brueghel dynasty sold for seven figures, while Bernard van Orley's panel depicting the Virgin and Child fetched almost 1 million pounds, setting an auction record.
The painting "Modern Rome -- Campo Vaccino" was the top-selling work at the auctioneer's evening summer sale of Old Master and British paintings in London that produced nine artist records.
It took just 5 minutes for the British master's final painting of Rome to achieve the record, according to Sotheby's, with six bidders battling it out for a rare work that had come up for sale only once before in its 171-year history.
The previous record was 20.5 million pounds for Turner's view of Venice entitled "Giudecca, La Donna della Salute and San Giorgio" in April 2006.
Overall the auction fetched 53.5 million pounds, above expectations of 33.8.-49.6 million pounds, with 43.6 percent of lots securing prices above their high estimates.
Three works by members of the Brueghel dynasty sold for seven figures, while Bernard van Orley's panel depicting the Virgin and Child fetched almost 1 million pounds, setting an auction record.
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