Recession? What Recession?By Amy Page
Published: March 10, 2008
Early sales did not disappoint, either. Dealers had lowered their expectations before the fair in response to the current economic climate, but buyers seemed undaunted opening weekend. Lewis Smith, co-owner of Koopman Rare Art of London, reported his gallery had already sold more high-end items this year than ever before. Summing up the mood of many gleeful dealers, he said, “If this is a recession, then long may it continue.” On Friday, ARTINFO ran a report on sales in the modern and contemporary sectors of the fair. Below are reports on three further areas: antiques and works of art, old master paintings, and antiquities.
Antiques and Works of Art Among the medieval standouts was an early-13th-century bronze aquamanile of a falconer from Lower Saxony, which sold to a European collector for around €2 million ($3.1 million), according to Tony Blumka, owner of New York’s Blumka Gallery.
Bernard Descheemaeker from Antwerp, one of the seven young dealers invited to participate in TEFAF Showcase—a new section this year established to showcase up-and-coming dealers—said he sold six medieval pieces at the opening, including the mid-15th-century walnut sculpture The Flight Into Egypt, which went to a Belgian collector for €40,000 ($61,000). Deborah Elvira, director of Spain’s Luis Elvira gallery, brought a wonderful selection of everyday medieval and Renaissance iron pieces, such as an elaborate 16th-century doorknocker priced at €90,000 ($138,000) and a forged iron sculpture by Dutch artist Xander.
Among the furniture highlights was a roughly one-by-two-foot ebony cabinet with bronze and silver mounts at the booth of Galerie Neuse from Bremen, Germany, that carried an asking price of €3.6 million ($5.5 million). Designed by Louis-Constant Sevin, and with bronzes by Ferdinand Barbedienne, the cabinet was exhibited at the World Exhibition in London in 1862, where it sold to Said Pacha, Viceroy of Egypt, for 1,000 livres, a price that Galerie Neuse owner Volker Wurster calls “an absolute fortune” for the time. Two identical cabinets are in the Peterhof Palace near St. Petersburg. H. Blairman & Sons of London had an unusual pink-painted writing cabinet by 19th-century English architect William Burgess that was discovered by a collector in a country auction and described in the catalogue as an “Unusual Traveller’s Companion Bureau.” It now carries a price tag of €680,000 ($1 million).
Old Master Paintings Another painting that attracted favorable attention was Jan Steen’s The Sacrifice of Iphigenia (1671), on the stand of London/New York gallery Simon Dickinson. A dramatic description of Agamemnon’s agony over sacrificing his daughter to appease the wrathful god Artemis and successfully sail to Troy, the painting went for an undisclosed price to an undisclosed buyer. The work, which once belonged to Dutch dealer Jacques Goudstikker, was looted by the Nazis in 1940, recovered by the Allies in 1945, and held in the custody of the Dutch government until February 2006, when it was handed over to Goudstikker heir Marei von Saher. The asking price was €8 million ($12.3 million). “You just can’t find a picture like that today,” said Ian Kennedy, a curator of European painting and sculpture at the Nelson-Atkins Museum in Kansas City, Missouri.
Antiquities Charles Ede of London sold, for a six-figure price, a rare, late Egyptian wood model of a boat and eight crew members that measured about 16 by 34 inches, to a European collector, who, according to the dealer, “does quite a lot of ship buying.”
Ede was pleased with his results after the opening weekend, calling this year’s TEFAR “the best fair we have done for years.” |
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