Thursday 21st April 2016

Following on from our blog on Wednesday 13th April 2016 – ‘Carravagio found in an attic’, the ‘Authorities’, still undecided as to the painting’s authenticity, have assigned it’s authentication to the Louvre.

“Judith Beheading Holofernes”  Carravagio Circa 1604-1605

 

A mini-revolution in the Old Masters market?

If this work is proven to be genuine it could lead to a mini-revolution in the somewhat exhausted Western market for Old Masters (works by artists born before 1760). As Caravaggios of this importance are  no longer being offered for sale and large-format Old Masters are extremely rare,  an authentic Caravaggio of this size would be expected to join the highly exclusive club of artworks worth 9-digit sums. Today, this club includes only 10 works:

three by Pablo Picasso, three by Alberto Giacometti, one  by Modigliani the Reclining Nude which sold in November 2015 for $107.4 million , a version of Edvard Munch’s The Scream, Francis Bacon’s study of Lucian Freud and Andy Warhol’s Silver Car Crash.

Picasso’s ‘Les Femmes D’Algers’ (Version ‘O’) sold for a record $179.4 million at Christie’s New York in May 2015

Iconic image: Andy Warhol’s artwork, Silver Car Crash (Double Disaster) sold at a Sotherby’s auction in New York on 13th November 2013 for £105 million

The 8-foot by 13-foot painting titled Silver Car Crash (Double Disaster) depicts a body sprawled across a car’s mangled interior and has only been seen once in public in the past 26 years.

 

The value of a painting has always been attributed to it’s rarity and this is why the Fletcher Gate Gallery endorses the sale of original, unique, one-of- a -kind artworks over the generic mass-produced-market prints.

 

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