The Old Masters auction market has faced challenges, with recent sales at Sotheby's and Christie's underperforming expectations. However, Sotheby's is set to auction the renowned Saunders collection, featuring 56 works amassed over nearly three decades by collectors Jordan and Thomas A. Saunders III. This collection includes works from notable artists and is expected to fetch up to $120 million, raising hopes for a revived interest in Old Masters. The resale potential seems promising, with some pieces, particularly by Luis Meléndez, anticipated to break records due to their bold appeal and impeccable provenance.
Earlier this year, the New York sales at Sotheby's and Christie's in the Old Masters sector were reported as 'bumpy and uneven', not meeting pre-sale expectations.
The collection of Jordan and Thomas A. Saunders III, described by Sotheby's as 'one of the finest Old Master collections assembled in our times', is set to go under the hammer.
Works in the Saunders collection are expected to fetch up to $120 million, with particular attention on a standout piece by Luis Meléndez.
The pieces in this sale are guaranteed and already have buyers lined up, which speaks to the high demand for exceptional collections like that of the Saunders.
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