Lucas Cranach I
Portrait Of John Frederick I, Elector Of Saxony (1503-1554), Half-Length
Estimate: 1.000.000 - 2.000.000 USD
Price realised: 7.737.500 USD
Price realised: 7.737.500 USD
Description
oil on panel
24 ¾ x 15 5/8 in. (62.8 x 39.7 cm.)
Christian Wilhelm Schweitzer (1781-1856), Minister of State, Grand Duchy of Saxe-Weimar-Eisenach (1843-1848), Weimar, 1851. | Joseph Neustätter, Vienna, c. 1880. | with Galerie Helbing, Munich, 1922. | with Kurt Bachstitz, The Hague. | Fritz Gutmann, Heemstede (Haarlem) (1886-1944), purchased from the above 1922, until dispossessed in the Netherlands as a result of Nazi persecution. | Private collection, United States. | Returned to the heirs of Fritz Gutmann, 2018, pursuant to a settlement agr
24 ¾ x 15 5/8 in. (62.8 x 39.7 cm.)
Christian Wilhelm Schweitzer (1781-1856), Minister of State, Grand Duchy of Saxe-Weimar-Eisenach (1843-1848), Weimar, 1851. | Joseph Neustätter, Vienna, c. 1880. | with Galerie Helbing, Munich, 1922. | with Kurt Bachstitz, The Hague. | Fritz Gutmann, Heemstede (Haarlem) (1886-1944), purchased from the above 1922, until dispossessed in the Netherlands as a result of Nazi persecution. | Private collection, United States. | Returned to the heirs of Fritz Gutmann, 2018, pursuant to a settlement agr
Artwork auctioned at three times the upper estimate price
When the work Portrait Of John Frederick I, Elector Of Saxony (1503-1554), Half-Length by Lucas Cranach I was auctioned at Christies in New York in April 2018, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - USD 2,000,000.00 but the actual price achieved was more than three times as high at USD 7,737,500.00 (€ 6,408,398.21). However, buyers have had to dig much deeper into their pockets for other works by Lucas Cranach I - we have observed the highest auction result to date for the work The Bocca Della Verità (The Mouth Of Truth), which sold at auction in July 2015 for GBP 9,333,000.00 (€ 13,231,059.30).
Kunstwerk zum Dreifachen des oberen Schätzpreises versteigert
Als die Arbeit Portrait Of John Frederick I, Elector Of Saxony (1503-1554), Half-Length von Lucas Cranach I im April 2018 bei Christies in New York versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – USD 2.000.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit USD 7.737.500,00 (€ 6.408.398,21) mehr als dreimal so hoch. Für andere Arbeiten von Lucas Cranach I mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit The Bocca Della Verità (The Mouth Of Truth) beobachtet, die im Juli 2015 für GBP 9.333.000,00 (€ 13.231.059,30) versteigert wurde.
Lucas Cranach I - Auction history
Other artists in this auction
