A Record-Breaking $4.75 Million Carl Moll Painting Tops Freeman’s Best-Ever Fine Art Sale
Jacob Schikaneder’s The Calm Sea, Nocturne (Lot 40) more than doubled its pre-sale high estimate to $ 346,500
Roses (lot 58) by Pierre-Auguste Renoir, expropriated from the Virginia Museum of Fine Arts in Richmond, Virginia, realized more than three times its high estimate before the sale, selling them for $ 302,400
Based in Philadelphia Freemans announced the results of its European Art and Old Masters auction on February 23, grossing over $ 6.4 million, the best art sales Freeman has ever seen. With spirited bids from bidders both online and over the phone throughout the sale, the 67-lot auction achieved an impressive 90% sale rate, nearly quadrupling its high pre-sale estimate.
The undoubted highlight of the sale was the outstanding result of Carl Moll’s White Interior (lot 56). After extensive, competitive bids both online and from a dozen phone bidders around the world, the work broke the previous world record of $ 385,653 and eventually sold it to a private American collector for $ 4,756,000 – more than eight times its record high appraisal before sale. It is believed that the buyer intends to exhibit the painting in the Neue Galerie in New York in the future. The significant painting is Freeman’s best-selling lot to date, surpassing the $ 3.1 million record set in 2011 by an important Qianlong-era white jade imperial seal.
Commented Sales Manager David Weiss, “Today’s sale set a new house record for Freeman with the sale of a stunning painting by Austrian artist Carl Moll that raised nearly $ 4.8 million. It was a privilege to have been entrusted with such extraordinary work, which had been in the same family for over a hundred years. The senders are understandably enthusiastic. “
The Chairman, Alasdair Nichol, said, “I couldn’t be happier with the results of today’s European art sale, especially since it was shortly after our best American art auction last December, which was valued at $ 5.2 million. Despite all of the challenges of the past year, Freeman’s continued to have an extremely successful year, which is real testament to the efforts of our excellent team. “
There was great interest in market-fresh works from private and institutional collections, including The Calm Sea, Nocturne (Lot 40) by Jacob Schikaneder, which more than doubled its pre-sale estimate for $ 346,500. Similarly, Roses (lot 58) by Pierre-Auguste Renoir, expropriated from the Virginia Museum of Fine Arts in Richmond, Virginia, realized threefold its high pre-sale estimate and sold it for after a long battle among nineteen telephone bidders $ 302,400.
Other notable highlights included the sale of: Yuri (Georgiy) Ivanovich Pimenov’s The Lemonade Stand (Lot 67), which sold for $ 91,700, more than six times its pre-sale estimate; Gustav Klimt’s Dame Wittgenstein (Study for Portrait Margaret Stonborough-Wittgenstein) (Lot 55), which exceeded her high pre-sale estimate, reaching USD 88,200; Étude pour Le Martyre de Saint Procès and Saint Martinienby Valentin de Boulogne (Lot 16), a recently authenticated bozzetto and the first and only ever to hit the market, fetched $ 78,750, more than doubling its pre-sale estimate; Venus in the Vulcan Forge (Lot 6), a 17th century Neapolitan School work that was once part of the Getty Museum’s collection, sold for $ 47,250, more than six times its pre-sale estimate. La Sympathie (lot 61) by Hippolyte Petitjean, which sold for $ 44,100, surpassing its high estimate prior to sale; and Un Témoin Muet (lot 51) by Evariste Carpentier, which realized USD 30,240, far exceeding their pre-sale estimate of USD 6,000 to USD 10,000.