old masters records gentileschi michelangelo rembrandt 1234772683
Old Masters Week in New York saw a resurgence in the sector, highlighted by the Italian Ministry of Culture's $14.9 million private acquisition of a rare two-sided panel by Antonello da Messina from Sotheby’s. The week featured high-profile sales at both Sotheby’s and Christie’s, resulting in new auction records for major figures including Artemisia Gentileschi and Michelangelo, as well as a record price for a Rembrandt drawing. The success was attributed to a high level of museum participation and more realistic pricing strategies compared to previous seasons.
This rebound marks a significant shift for the Old Masters market, which had faced skepticism following the underperformance of the Saunders collection in London last year. By setting more modest estimates, auction houses successfully attracted deep bidding from both private collectors and public institutions. The strong sell-through rates and record-breaking prices suggest a stabilizing market and renewed institutional interest in high-quality historical works, even amidst a busy global art calendar.