Giovanni Battista Foggini - The Fall of Phaeton

Giovanni Battista Foggini

The Fall of Phaeton

Found at Christies, London
Italian Drawings From The Robert Landolt Collection, Lot 91
8. Dec - 8. Dec 2020
Estimate: 5.000 - 7.000 GBP
Price realised: 21.250 GBP
Description
with Charles Albert de Burlet (1882-1956), Basel (L. 4261), and by descent to his widow (according to the Landolt typescript catalogue). | Anonymous sale; Galerie Koller, Zurich, 14-16 November 1994, lot 199 (as Bolognese School, 16th Century), where acquired by Robert Landolt.
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Artwork auctioned at three times the upper estimate price

When the work The Fall of Phaeton by Giovanni Battista Foggini was auctioned at Christies in London in December 2020, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - GBP 7,000.00 but the actual price achieved was more than three times as high at GBP 21,250.00 (€ 23,738.14). Of course, this price has nothing to do with the top prices that other works by Giovanni Battista Foggini achieve. The highest price we have observed so far was reached by the work A Bronze Group Of Apollo Flaying Marsyas in January this year with an auction result of USD 882,000.00 (€ 812,304.29).

Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert

Als die Arbeit The Fall of Phaeton von Giovanni Battista Foggini im Dezember 2020 bei Christies in London versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – GBP 7.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit GBP 21.250,00 (€ 23.738,14) mehr als dreimal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Giovanni Battista Foggini erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit A Bronze Group Of Apollo Flaying Marsyas im Januar diesen Jahres mit einem Auktionsergebnis von USD 882.000,00 (€ 812.304,29).

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