Friday, March 1, 2019

Freeman's sells rare painting

11:30 am /
The First Art Newspaper on the Net Established in 1996PortugalFriday, March 1, 2019

Freeman's sells rare painting and sets new auction record
Master of the Embroidered Foliage, Nursing Madonna. Sold for: $2,470,000.

PHILADELPHIA, PA.- On February 27, Freemans’s sold a rare work by the Master of the Embroidered Foliage for an impressive $2,470,000, setting a new world auction record for such a work. One of only 10 works attributed to the Master, the “Nursing Madonna” generated a great deal of inquiries from around the world. It led to a spirited competition between eighteen telephone bidders from Australia, Italy, France, Germany, Russia, Belgium, Germany, the United Kingdom and America, as well as several collectors in the room and online. Ultimately, the aforementioned Madonna went to a European buyer on the phone. Very rare at auction, the painting is only one of two paintings officially deemed to be by the Master’s hand offered in the 21st century. All other known paintings by the anonymous Master are in national and international museum collections, including the Louvre, the National Gallery of Scotland and the Philadelphia Museum of Art. The work was widely exhibited, and during the 1920s belonged in the collections of Sir Francis Beaufort Palmer and Calouste Gulbenkian. Ruth Farkas, who served as President Nixon’s Ambassador to Luxembourg, later gifted the painting to the current consignor. (...)

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