Christie’s to auction $ 17 million Bellotto landscape painting in July – ARTnews.com

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As the market for Old Masters paintings continues to prove fertile, Christie’s will auction a potentially record-breaking landscape by Italian artist Bernardo Bellotto at its 8 July evening sale in London dedicated to the category. 18th century painting, View of Verona with the Ponte delle Navi (ca. 1745-1747) depicts a view of a canal in the Italian city. Coming up for auction after 50 years in private hands, it is expected to fetch a price of £ 12-18million ($ 17-25million).

Measuring over 5 feet by 7 feet, the work was purchased by its current owner in 1971 from Christie’s for £ 300,000 ($ 720,000). Since 1973 it has been on long-term loan to the National Galleries of Scotland in Edinburgh.

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“It is an image that defines [Bellotto’s] artistic vision and shaped the extraordinary pan-European success he enjoyed as a painter of topographical views, ”said Henry Pettifer, London manager of Old Masters at Christie’s, in a statement. “It remains one of the artist’s very last monumental paintings still in private hands.

The painting bears a formidable provenance dating from 1771, having passed through the hands of members of the British noble family of Viscount Clifden and a senior British military official before its last sale in 1971. If it reaches its low estimate, the work is in the process of being sold. set a new record for the artist. Bellotto’s current auction record is $ 12.7 million, set when Rome – The Forum with the Temple of Castor and Pollux (ca. 18th century) sold at Christie’s London in 2006.

The Bellotto will be sold alongside a portrait of Thomas Wentworth, 1st Earl of Strafford. Painted around 1639-40 by Anthony Van Dyck, this latest work, which was once in the collection of King Charles I of England, is estimated at between £ 3 million and £ 5 million ($ 4.2 million to £ 7 million dollars).

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