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Friday, 30 January 2015 10:36

A Recently Authenticated John Constable Painting Fetches $5 Million at Sotheby’s

One of John Constable's many paintings of Salisbury Cathedral. One of John Constable's many paintings of Salisbury Cathedral. Wikipedia

Many in the crowd of dealers, collectors, and onlookers attending Sotheby's main sale of Old Master paintings on Thursday January 29 remarked on the difference that a single day made when contrasting the sale with the dismal results at Christie's Old Masters sale the day before (see: Canaletto, Caravaggio Fail to Sell at Christie's Worst Old Masters Sale Since 2002).

The sale totaled $57 million, as compared with an overall presale estimate of $54–77.6 million. Of 104 lots offered, 73 (or 70 percent) found buyers. The stronger sold-by-value rate, 78 percent, reflected spirited bidding on a few key lots.

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