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Comment | Latest auctions prove Old Masters are not ‘out of fashion’

Recent Old Master auctions in New York have defied narratives of market decline, totaling over $185 million across Sotheby’s and Christie’s. High-profile sales included a newly discovered Michelangelo drawing for $27.2 million, a Canaletto masterpiece for $30.5 million, and a record-breaking Rembrandt drawing sold for $17.8 million. These results, alongside the Italian state's $14.9 million acquisition of an Antonello da Messina, suggest that historical masterpieces remain premier "civilisational assets" and stable financial havens during periods of economic volatility.

A Calibrated Market: How 2025 Shaped the Landscape for Collectors in 2026

The article analyzes the art market in 2025, describing a year of divergence rather than a single trend. While aggregate sales remained below post-pandemic peaks, the year ended with a billion-dollar New York auction week, a record-setting Klimt portrait, and strong demand for exceptional works. Segments like Old Master auctions and the $1 million–$10 million band saw growth, while the ultra-contemporary segment struggled. Key events included the May marquee auctions in New York, the second edition of Art Basel Paris, and November sales at Christie’s and Sotheby’s, which demonstrated a split-level market with record highs at the top and discipline elsewhere.

Medieval triptych ventures out of Dorset to sell for £5.7m in London Old Master auctions

A late 15th-century Netherlandish triptych, *The Five Miracles of Christ*, sold for £5.7 million at Sotheby’s London Old Master auction. The work, kept for centuries at St. John’s Almshouse in Sherborne, Dorset, had never before appeared on the market. The charity sold it to fund affordable housing, and the buyer—an unnamed Christian charitable foundation—plans to keep the painting publicly viewable in the town. Other highlights included a Rembrandt reattribution, *Saint John on Patmos*, which sold for £6.8 million, and a record £3.2 million for a Hans Eworth portrait of the 4th Duke of Norfolk.