Art Investment

Spencer family collection, presented at Christie's, earned 21 million pounds for the restoration of their ancestral estates

In London auction auction house Christie's held a series of auctions, which was exhibited Spencer Family Collection . Total revenue on the basis of sales amounted to 21,076,288 pounds (31,989,353 dollars). Top-lot auction was painting by Sir Peter Paul Rubens (Pieter Paul Rubens, 1577-1640) «The commander, ready for the battle, pushed under the hammer for 9,000,000 pounds (13,6 million dollars) in the evening auction" Old Masters and Art of the XIX century ", held on July 6 .

Statement by the Board of Trustees of the estate Oltorp: "Careful selection of lots for the process of bidding was conducted in such a way as to preserve the unique collection Oltorpa in its original integrity. The fact that a series of auctions conducted by Christie's, has attracted such strong interest among both private collectors and a number of cultural institutions, as well as the outcome of sales is unquestionable success of the auction. We are confident that similar results will help to preserve the estate for future generations ».

Orlando Rock, deputy head of the European branch of Christie's, and Andrew Waters, head of private collections of Christie's:« How many other aristocratic estates Oltorp, located in the county of Northamptonshire, during several centuries of its existence has become a kind of repository of works of art and furniture that were previously in family homes, which have long been sold or even destroyed. Ability to put on the auction of the collection of family Spencer was for us a great honor. Bidding caused considerable interest from collectors and museums around the world, who are encouraged to attend Pre-auction exhibition and no less actively participated in the auction itself. Estimeyty for sale units ranged from 200 pounds to 8 million, making these trades extremely attractive to a wide range of people and organizations. The important role played and the provenance of works, taking into consideration the impeccable artistic taste of the creators collections ».

Old Masters and Art of the XIX century. July 6, 2010

in the auction to bid were issued two works from the collection of Spencer family. Painting by Sir Peter Paul Rubens (1577-1640) Commander, ready for the battle "went under the hammer for 9,001,250 pounds (13,663,898 USD), which is the second largest cost for the open sales of works by Rubens in general. Giovanni Francesco Barbieri Cloth, better known as Guercino (Giovanni Fracesco Barbieri, Guercino, 1591-1666), «King David" was sold for a record price of 5,193,250 pounds (7,883,354 dollars).

Job Rubens Commander, ready for the battle became one of the recent acquisitions of the family and the Spencer collection has expanded their estates Oltorp only in 1802. Subsequently, it was used as a desyudeporta and adorned the wall above the main entrance. Guercino painting "King David" was bought by Earl Spencer, John I in Rome, through the Scottish artist and art dealer Gavin Hamilton in 1768. Placed by a new owner in carved gilt frame of the canvas was in the Spencer House until 1920, when the seventh Earl of Spencer was faced with financial difficulty, force a tough decision to move from the mansion and transporting art collections in Oltorp.

objects of art from the estate Oltorp, including the unique coach Spencer family. 7 and 8 July 2010

During two days of trading collectors a proposed 757 lots, of which 703 sold (93%). The estimate was 200 pounds. Participated in the trades over a thousand people, and the proceeds on the basis amounted to 2,024,038 pounds (3,058,321 dollars), twice the total estimeyta bidding. Active participation in the bidding had buyers from countries such as Albania, Australia, Kazakhstan, Morocco and the Philippines, many of them are betting on the Internet. Top-lot trades became a front phaeton Spencer family, which was bought for 133,250 pounds (201,341 dollars) in the Estima in 50-80 thousand pounds.

Top-5 items art from the estate Oltorp, including the unique coach Spencer family . London, 7 and 8 July 2010

№ lot

Description

Estimeyt , thousands of pounds

Price , GBP /USD

buyer

200

Grand phaeton Spencer family regency established masters of the company « Barker »
London, the second quarter of the XIX century

50 -80

133,250 /201,341

Private collector
from the UK

199

crew early Victorian era, made by masters « Holland and Holland », London
London, mid XIX century

40-60

91,250 /137,879

Private collector
from the UK

194

barouche era of George IV, presumably created by the masters of the firm "Barker»
London, the second quarter of the XIX century

20-30

51,650 /78,043

Private collector
from the UK

198

barouche era of George IV, designed for travel in the spring, the company created by masters "Barker»
London, the second quarter of the XIX century

15-20

51,650 /78,043

anonymous buyer

177

Selected Victorian ornamental decorations for the tables of carved glass. Okolo1880. Supposedly from Ireland

15-25

49,250 /74,417

Art dealer
from the UK

works of art from the collection of family Spencer: Spencer House - July 8, 2010

At the auction, held at King Street, was billed on 78 lots, including rare items in English and French furniture, porcelain and other works of decorative art, acquired in the interval from 1755 to 1791. New owners have found 70 lots (90%), and the proceeds from their sale amounted to 4,857,750 pounds (7,383,780 dollars). Top-lot auction was the pair of gilded chairs, the era of George II, intended for the office of Lord Spencer, or to palm room and made the project an English architect James Stewart's "Athens". Lot had gone under the hammer for 802,850 pounds (1,220,332 dollars) in the Estima at 200-300 thousand pounds.

Top-five works of art from the collection of family Spencer: Spencer House. London, July 8, 2010

№ lot

Description

Estimeyt, of thousands of pounds

Room, pounds /U.S.

buyer

1005

pair of gilded chairs, the era of George II destined for the office of Lord Spencer, or to palm room and made the project an English architect James Stewart's "Athens". Okolo1758 1765

200-300

802,850 /1,220,332

Private collector

1030

set is made of twelve chairs mahogany era George II, made on the draft English architect John Vardy. Around 1756-1758

600-1 000

657,250 /999,020

Private collector

1006

pair of chairs made of wood "Subic" era of George II, made the project an English architect James Stewart's "Athens". Okolo1758 1765

200-300

385,250 /585,580

Private collector

1029

wine cooler, mahogany framed in gilded bronze, the era of George II. Produced, presumably, Benjamin Goodison. Around 1735-1740

100-150

265,250 /403,180

Private collector

1003

A pair of candlesticks of gilded bronze, made from sketches Didriha Nicolaus Anderson. Around 1758-1765

150-250

217 250 /330 220

Private collector

Source : press Release Christie's


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