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canaletto walpole heads to christies auction 2643675

Canaletto's painting "Venice, the Return of the Bucintoro on Ascension Day" (1731–32) sold for £31.9 million ($43.9 million) at Christie's Old Masters evening sale in London, setting a new auction record for the Italian painter. The work, which once hung in the offices of Britain's first prime minister Robert Walpole, surpassed its presale estimate of £20 million and is the largest Canaletto composition to appear at market in two decades, noted for its exceptional preservation and execution during the artist's career peak.

New world record for Canaletto as view of Venice sells for £31.9m

A Canaletto painting, *Venice, the Return of the Bucintoro on Ascension Day* (circa 1732), sold for £27.5 million (£31.9 million with fees) at Christie’s in London on July 1, setting a new auction record for the artist. The work, once owned by Britain’s first prime minister Robert Walpole, exceeded its $20 million estimate and was purchased by an anonymous phone bidder. The sale drew five bidders from Asia, Europe, and North America, and the painting was backed by a third-party guarantor.