A Work After Rogier van der Weyden Leads Bonhams $1.12m 'Old Master Paintings' Auction in London
3 min read · 12 Apr 2024
Portrait of Philip the Good, half-length, wearing the Order of the Golden Fleece by After Rogier van der Weyden sold for $258,200. Image courtesy of Bonhams New Bond Street
A work After Rogier van der Weyden was the headline sale at Bonhams New Bond Street 'Old Master Paintings' auction on April 10 in London.
- The sale totaled $1.12m, exceeding the pre-sale high estimate.
Snapshot of the sale
- 122 works sold totaling $1.12m.
- Estimates totaled: $715,400 (low) and $1.08m (high), excluding premiums.
- The sell-through rate was 64% of the original 192 lots announced.
The star lot, and the auction's outperformer, was a work: After Rogier van der Weyden, Portrait of Philip the Good, half-length, wearing the Order of the Golden Fleece (Undated), which sold for $258,200, 5000% above its $5,060 low estimate. The painting is a version of a lost original by Roger van der Weyden. It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
- 50 works, or 41%, sold above their high estimate.
- 63 works, or 52%, sold within their low and high estimate.
- 9 works, or 7%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
67 works were bought-in, including: Pietro Antoniani, A view of Paesteum with Grand Tourists in the foreground (Undated), estimated at $12,700 (low) to $19,000 (high). It has been traded once in the past.
Withdrawn before the sale
3 works were withdrawn before the sale, including: Isaak Luttichuys, Portrait of a gentleman, three-quarter-length, in black costume, holding his gloves (1758) estimated at $15,200 (low) to $22,800 (high).
Terms and definitions
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Sale prices are compared to the auction house’s low estimate, which do not include premiums.
Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.
Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.
Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.
Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.