A large-scale Titian painting of the Madonna and child sold for $16.9 million at Sotheby’s Old Masters auction in New York today. Although it fell short of the $20 million high estimate, the sale set a new world auction record for the artist. Numerous other works sold well above estimates at the two-part sale, which generated $87,764,751.
Another auction record was set by the $6.2 million paid for “Adam and Eve,” a painting by Dutch “Mannerist” Joachim Anthonisz Wtewael, which had a low estimate of $800,000. Claude Vernet’s “Grand View of the Sea Shore Enriched with Buildings, Shipping and Figures” sold for $7 million, several times above its presale estimate of $1.5-$2 million.
Read more at Bloomberg.