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Record breaking auction of old masters at Christie's

The auction of Old Masters at Christie's auction house last night provided the world with some fireworks. The auction proving that while there is still a recession, the world of art dances to a different tune.

The auction was an incredible success taking in nearly 70 million pounds for just 28 lots (a highest ever for a collection of old masters). The most noticeable of these were Head of a muse by Raffaello Sanzio (Raphael) and Portrait of a man with arms akimbo by Rembrandt. Both of these works fetched record breaking levels for each of the artist's works and once again proved the art as an investment theory.

Raphael's Head of a Muse fetched an incredible £29.2m, a world record for any work on paper. The work was drawn as a study for a figure in Parnassus, one of a series of four frescoes commissioned by Pope Julius II between 1508 and 1511 making this one of Raphael's later works. The drawing was being offered at a public auction for the first time in over 150 years and was purchased by an anonymous client on the telephone. Raphael is recognised as one of the greatest artists ever to have lived and this work is truly a masterpiece, the drawing is a work of genius from a great man.

Rembrandt's Portrait of a man with arms akimbo managed to reach a staggering £20.2m which is a record for a Rembrandt work. Painted in 1658, this is one of the finest works of art Rembrandt produced during his more inventive period. This work was last sold in 1930 when it reached the price of £18,500 and has not been publicly displayed for some 40 years.

These wonderful works of art and all the others that made up the old masters sale at Christie's have re-energised the art world and shown again that art is not only a wonderful way to spend your time it is also a wonderful way to spend your money! These works of art have proven to be wonderful investments for their owners over the years and we are sure you will find something at one of our galleries that will bring you great pleasure and hopefully prove to be a great investment also. While there are no Rembrandt's or Raphael's on display at Inspired Art there are certainly plenty of wonderful artists works for sale at our galleries. Inspired Art

 

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Posted on August 6th, 2005

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