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Old Master Paintings: views of Venice at the forthcoming London sales [06/29/2005]

The traditional and prestigious London sales of Old Master Paintings at Sotheby’s and Christie’s will take place on 7 and 8 July. The auctions will be dominated by 18th Century Italian paintings.

At Sotheby's evening session on 7 July, 55 lots will be offered with estimates ranging from GBP 30,000 to GBP 8 million. The most sought-after works are paintings of Venice with two views of the Grand Canal by Antonio Canal CANALETTO carrying the highest estimates at between GBP 5 and 8 million. However, there will also be a number of other particularly interesting 18th Century paintings of Venice on offer, including works by Bernardo BELLOTTO , Giovanni Paolo PANINI and Luca CARLEVARIS . The same day, another work by Canaletto, from the CHAMPALIMAUD collection, will go under the hammer at Christie's with a pre-sale estimate of between GBP 4 and 6 million.

The following day, Christie’s will pursue the Venetian theme with its Old Masters sale being dominated by a painting by Francesco GUARDI entitled "The Grand Canal, Venice, with the Palazzo Bembo". The painting, from the John & Anna Jaffe collection, is earmarked for sale at between GBP 3 and 5 million. At the evening session, Christie's will be offering 114 lots.

In terms of value, according to Artprice's auction data, 18th Century Italian paintings have gained 8.4% since the start of the year and 60.2% over the past ten years..

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