LONDON – A recently discovered work by esteemed French 19th-century painter Jean Victor Louis Faure (1786-1879) stole the spotlight in Dreweatts Old Master, British and European Art sale on May 26 when it sold for £200,000 (about $252,000) – more than six times its low estimate of £30,000. The painting had been discovered in a family home in Norfolk, where it hung unnoticed for 60 years.
The work, titled Market Day, The Pantheon, Rome was originally bought by the seller’s father, a Major H. Mosse of Mendham Priory, Harleston in Norfolk in 1965 and hung in a hall of the house, where it would bear witness to various generations of the family rushing past it, totally unaware of its importance.
Works by Faure rarely come up at auction, which meant that there was competitive bidding on sale day, with seven telephone lines and a dozen bidders on the internet. An international buyer won the painting. Speaking about the result achieved for the painting, Dreweatts Head of British & European Pictures Brandon Lindberg said: “We are delighted with the result for such an outstanding picture in exceptional condition.”
The Faure painting wasn’t the only success of the sale, which hammered a total of £1,234,700 against a low estimate total of £849,400. Several other works realized prices above their estimates, including an oil work by Flemish artist Jacob Grimmer (circa 1525-1590), titled Travellers on a Track, a View of Antwerp Beyond, which sold for £53,750 against an estimate of £5,000-£7,000. An English School oil work dating from circa 1586, titled Portrait of Henry Hastings, 5th Baron and 3rd Earl of Huntingdon, achieved £52,500 against an estimate of £8,000-£12,000.
Speaking about the success of the sale, Lindberg, said: “We are delighted with the results of our Old Master, British and European Art sale. It was a tightly curated sale and contained numerous interesting and important lots from private collections, many of which had not been on the market for decades. It attracted competitive bidding from clients around the globe. Each section of the sale performed well, with strong interest in Old Master pictures, the studio collection of works by John Anster Fitzgerald and our private collection of watercolors by Archibald Thorburn.”
The current rate of exchange is £1 = $1.23.
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