On January 25, Christie's Old Masters series in New York began with 76 works from the Jacqui Eli Safra collection, a Swiss Lebanese bank heir and filmmaker, recording $14.7m ($18.5m including commission).
Meanwhile, the Sotheby's auction featured the work of Antony van Dijk, who was found in a shed in New York with bird droppings on it. As expected, it was sold for $25m, and one of the main works of the auction, the portrait of a young man by Italian Renaissance artist Broncino, was sold for $90m, achieving his record.
The Masterpiece Art Fair, scheduled to be held in London this year, has been canceled, and another Old Master Fair in London has also been canceled. It seems that it is not easy to procure work in London due to Brexit. Instead, the market for famous paintings appears to be concentrated in New York. Dramatic sums have yet to be released. Traditional art collectors feel attracted to the Old Master Market as the economic situation worsens and the market freezes. Winter is now the season for the masterpiece. Let's pay more attention to what signals will come out in the future. The Masterpiece Art Fair, scheduled to be held in London this year, has been canceled, and another Old Master Fair in London has also been canceled. It seems that it is not easy to procure work in London due to Brexit. Instead, the market for famous paintings appears to be concentrated in New York. Dramatic sums have yet to be released. Traditional art collectors feel attracted to the Old Master Market as the economic situation worsens and the market freezes. Winter is now the season for the masterpiece. Let's pay more attention to what signals will come out in the future.