Old masters are even more under-rated than auction viewings. It's just inexplicable to me that they are so cheap in a world that's so rich. Whenever a particular picture or auction marginally exceeds expectations there are boosters ready to jump in with stories about market take-off, but in context the market is still in the gutter. You can get an absolute masterpiece for a tenth the cost of a Basquiat, a significant museum-quality picture for a tenth the cost of a central London townhouse, and a pretty good entry-level picture for no more than the price of an annual travelcard in London. Head to Sotheby's and Christie's this week for bargains galore!
The drawings viewings are the biggest draw for me. Museums can't keep old master drawings on display, so you have to grab every chance you can to see them. Sotheby's has an exceptional Canaletto. I get a bit jaded by vedute, but this drawing has it all. Well worth the £2.5m-£3.5m estimate. Prices fall away rapidly below the very first rank. There's an intriguing and wonderful drawing from Rubens's workshop that's been reworked by the man himself estimated at just 1% of the Canaletto, and a beautiful small Poppi St John the Baptist and a young standing man (£20k-£30k).
Turner's Ehrenbreitstein at Sotheby's is unquestionably 'important' (£15m-£25m), but it leaves me cold. I don't care for Turner's figures, and there are too many here. I can admire it, but can't love it.
I'll say more about the day sales next week when I write up the results, but lots of minor treasures there too. Let me end on a high note, with a masterpiece from the start of the Western artistic tradition. This attic red-figured pelike is attributed to the Carpenter Painter, one of the best painters from the best period of Greek vase painting. It's reconstucted from fragments, but the main painted areas seem to be original. Can you believe it's estimated at just £80k-£120k?