Auction Surprise as Sea Scene Tops Art at Sotheby’s
Posted July 6th, 2012 | by The Update
From Bloomberg Businessweek: A Dutch sea-battle scene was the top lot at an auction in London last night as Old Masters brought the summer season of art sales to an end.
“It’s a whole new market from what it was 10 years ago,” the London-based adviser Hector Paterson said. “Private collectors are buying the best things at auction.”
Willem van de Velde the Younger’s 17th-century painting of the surrender of a British flagship to a Dutch fleet in 1666 was estimated at 1.5 million pounds to 2.5 million pounds. It hadn’t been seen at auction for more than 30 years.
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