NEW YORK—Sotheby’s sale of Old Master paintings in Milan on May 29, realized x3.3 million ($4.45 million). Of 211 works on offer, 87, or 40 percent, were unsold. The sale fared better in overall value terms, with a 72.7 percent sold-by-value rate.
Among the highlights were a view painting by Michele Marieschi that fetched x288,000, or $387,818 (estimate: €200,000/300,000); and Paesaggio Fluviale con torre, by Marco Ricci, which took €138,000, or $185,800 (estimate: x60,000/80,0000).
The Sotheby’s specialist in charge, Alberto Chiesa, noted demand from both established private collectors and institutions for the top lots. The Marieschi, which came from the collection of Charles Sotheby (a member of the family of Sotheby’s founders) was won by a European collector.
A still life by Cristoforo Munari set an auction record for the artist when it sold for €222,000, or $298,943 (estimate: €100,000/150,000). Madonna col Bambino, by Giambattista Tiepolo, brought €180,000, or $242,386 (estimate: €150,000/200,000). Another artist’s record was the €174,000, or $234,300 (estimate: €60,000/80,000), given for Giovanni Battista Gaulli’s Sacra Famiglia con San Giovannino e Sant’Anna.