Underwhelming Sales of Old Master Art in New York at Christie’s and Sotheby’s
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The winter sales of Old Master works at Christie’s and Sotheby’s in New York did little to alleviate concerns about the declining market for classic art.
Christie’s Old Masters Part One sale in January fell short of expectations, with only $10.9 million in sales compared to the previous year’s $44.2 million. Six works were withdrawn before the auction, and 30 out of 72 lots did not sell.
Names like Lucas Cranach the Elder and Peter Paul Rubens also saw modest results, with some pieces selling below their estimates. However, Artemisia Gentileschi’s artwork exceeded expectations, selling for nearly double the low estimate.
At Sotheby’s, the Master Paintings and Sculpture sale also saw mixed results, with 19 out of 49 lots unsold. Works by artists like Sir Anthony van Dyck and Peter Paul Rubens did not meet their estimates, while others, such as Salomon van Ruysdael and Luis Meléndez, fetched higher prices.
Overall, despite a few successful sales, the general sentiment was one of disappointment in the market. Both auction houses struggled to meet expectations, indicating a challenging market for classic art.
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Cillian O’Rourke, studied at the National College of Art and Design in Dublin, Ireland, where he majored in Visual Communication. His work spans graphic design, illustration, and branding, with a distinct minimalist style that emphasizes simplicity and impact. Cillian has collaborated with international brands and runs his own design studio focusing on creative solutions for startups.