Rembrandt's 1632 self-portrait fetches $18.7 mn at Sotheby's online auction

The artist's last self-portrait was sold for nearly $9 mn in 2003 at an auction.

AP
Rembrandt's self portrait wearing a ruff and black hat, from 1632, was sought by six bidder.
LONDON: A self-portrait by Rembrandt sold for 14.5 million pounds (USD 18.7 million) at a Sotheby's virtual auction Tuesday. The house said that was a new record for a self-portrait by the Dutch master at auction. Sotheby's said "Self portrait wearing a ruff and black hat," from 1632, was sought by six bidders Tuesday.

The last self-portrait by Rembrandt to appear at auction was sold for 6.9 million pounds in 2003. The painting sold Tuesday was one of only three self-portraits by the painter that are in private hands.

The sale was part of an online auction featuring work that spans five centuries of art history, from Rembrandt to Picasso, and from Joan Miro to Banksy.


"With the global art world calendar having shifted, we too have seized the opportunity to do things differently," said Helena Newman, chair of Sotheby's Europe.

The auction caters to "a new generation of collectors (who) show less concern with the traditional art market categories of the past," she added.

The most valuable paintings include Miro's "Peinture (Femme au chapeau rouge)" (Woman in a Red Hat) from 1927, estimated to sell for 20 to 30 million pounds (USD 25-37.5 million.)
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The auction also includes a triptych by Banksy called "Mediterranean Sea View," painted in 2017.

Presented in elaborate traditional frames, it features orange life jackets and alludes to the lives lost at sea during the European immigration crisis.

Proceeds from the paintings, expected to fetch from USD 1 to USD 1.5 million, will raise money for a hospital in Bethlehem.

Sotheby's London said some two-thirds of the works on sale have never been at auction before. Of the rest, most had been off the market for two decades.
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Last month, cricketers Virat Kohli and AB de Villiers offered to auction off their signed jerseys from a 2016 IPL match to help raise funds for Covid-19 relief. But they’re not the only ones pitching in to help.



A number of brands and celebrities have come forward recently to help raise funds for Covid-19 relief through a variety of auctions. Here are a few:

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Porsche Cars North America Inc. (PCNA) matched the winning bid to raise the total proceeds to $1 million.
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Over the last few weeks, couture designers Manish Malhotra, Sabyasachi, Tarun Tahiliani and Rahul Mishra came together to raise funds for the FDCI Covid-19 Support Fund which offers financial assistance to small businesses and young designers in need. From organza saris to 3-D embroidered lehengas, each designer offered one masterpiece from their collection for the ‘Fraternity Talks’ auction which raised Rs. 6,15,000 in total.

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In collaboration with Warhol’s foundation for visual arts, the online-only sale raised a whopping $272,125, with 88% sold by lot and 142% by value. The top lots were Andy Warhol’s Self-Portrait which sold for $37,500; Flowers, which realized $16,250; Andy Warhol and Henry Geldzahler, which realized $15,000; Montauk Beach which achieved $10,000; and Archie, which sold for $9,375.
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Last month, DAG (formerly Delhi Art Gallery) sold 51 works from its iconic modern art collection to help raise funds for Covid-19 relief efforts. The curated collection included artworks by masters like Nandlal Bose, MF Husain, Krishen Khanna, Jamini Roy and Krishna Reddy, among others. Among the 51 works — all owned by the gallery — were oils, acrylics on canvas, serigraphs, works on paper and board, as well as a photograph and a sculpture.

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