Monday, January 29, 2007

Rembrandt Auction

Unless you've been hiding underneath a rock, then you've heard all about the paintings by Rembrandt that have been auctioned off. One of Rembrandt's most famous paintings to scholars and collectors was the portrait of "St. James the Greater". This portrait has been displayed at the Museum of Fine Arts in Boston for many years as a loan before the piece was put up for sale. Believe it or not, this painting alone sold for more than $25 million.

This was not the only Rembrandt painting to be sold at auction. Another painting called "Portrait of a Young Woman with a Black Cap", was sold for more than double the estimated price of $4 million. The painting, which was under authenticity speculation, proved to be a genuine Rembrandt and brought in $9 million.

The auction, including several original Rembrandt portraits and other old master paintings brought in an unprecedented $110 million in funds. This has been the largest sum of profit an art auction has seen since 2002 when Sotheby's London auction raised $104 million.

To view a picture of "St. James the Greater" and to read more information on the auction, Rembrandt's masterpieces, and other high priced paintings, visit the first art newspaper on the web.

http://www.artdaily.com/section/news/index.asp?int_sec=2&int_new=19070

Don't forget to check out this article by The New York Times for more information on the seller, buyers, and history of the portraits.

http://www.nytimes.com/2007/01/26/arts/design/26voge.html?_r=2&ref=arts&oref=slogin&oref=slogin

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