Could This £508,000 Portrait Break an Artist's Record?

This remarkable auction saw a portrait by Venetian painter Rosalba Carriera sell for over £500,000, a staggering 20 times its estimated value. This sale sets a new world record for Carriera's works, highlighting her enduring legacy in the art world.

Last updated: 11 October 2023 (BST)

Key Takeaways

• The portrait sold for £508,000, exceeding its estimate of £15,000 to £25,000.
• It is a world record for any work by Rosalba Carriera.
• The painting had not been on the market since it was created in 1724.
• It depicts Coulson Fellowes, an MP for Huntingdonshire, as a young man.
• The portrait was sold to a UK-based private collector via telephone.

Rosalba Carriera: A Brief Background

Rosalba Carriera, born in 1675 in Venice, was a prominent painter renowned for her exquisite pastel portraits. She became one of the most fashionable artists of the 18th century, celebrated for her ability to capture the likeness and personality of her subjects. Carriera's works have graced the walls of prestigious institutions, including the Louvre and The National Gallery in London.

The Portrait of Coulson Fellowes

Created in 1724, the portrait of Coulson Fellowes captures the young MP before he entered politics. This artwork reflects Carriera's unique style, showcasing her skill in portraying delicate details and vibrant expressions.

The painting was documented in Carriera's diary, indicating that Fellowes visited her studio in Venice. This historical context adds significant value to the piece, making it a rare find in the art market.

The Auction Details

Held by Cheffins auctioneers in Cambridge, the auction took place with much anticipation. Initially estimated to sell for between £15,000 and £25,000, the portrait's final sale price of £508,000 shocked many in the art community. This sale not only underscores the increasing interest in Carriera's work but also reflects the broader trend of rising prices for historical art pieces.

The Significance of the Sale

This sale marks a significant milestone in the art world. The previous record for a Carriera painting was £421,250, set back in 2002 for a portrait of the Irish soldier and politician Gustavus Hamilton. The recent sale illustrates how interest in Carriera's work has surged, possibly due to a renewed appreciation of female artists in history.

Luke Bodalbhai, an auctioneer at Cheffins, highlighted the portrait's quality, stating it exemplifies Carriera's talent as a leading figure in 18th-century portraiture.

The Fellowes Family Connection

The portrait remained within the Fellowes family collection at Shotesham Park near Norwich until the estate's sale following the death of Maj Charles Fellowes in 1979. This familial connection adds a layer of historical significance to the artwork, linking it directly to British political history.

Carriera's Legacy and Influence

Carriera's influence extended beyond her lifetime, shaping the landscape of portrait painting. Her subjects included notable figures such as Louis XV of France and English author Horace Walpole, showcasing her appeal across different cultures and social classes.

Today, her works are celebrated for their emotional depth and technical proficiency, inspiring a new generation of artists and collectors alike.

What Does This Mean for Art Collectors?

This record-breaking sale could have significant implications for art collectors and investors. As historical works by renowned artists fetch ever-increasing prices, there is a growing interest in acquiring pieces by undervalued artists, particularly women. Collectors may seek to invest in lesser-known works by Carriera or similar artists before they become more widely recognised.

In addition, this auction highlights the importance of provenance in art valuation. The connection between the artwork and its original owner, as well as its historical context, can greatly enhance its market value.

Future of Carriera's Works

As the art market continues to evolve, the future of Carriera’s works appears bright. With her increasing recognition and the recent auction success, it is likely that more of her paintings will emerge on the market, potentially leading to further record-breaking sales.

Art historians and collectors alike will be watching closely to see how the market responds to this latest achievement, especially in light of the growing demand for female artists in the historical narrative.

Conclusion

The sale of Rosalba Carriera's portrait of Coulson Fellowes not only sets a new record but also reaffirms her status as a leading figure in the art world. As collectors and historians take note, her works may see a resurgence in both interest and value, marking a significant moment in the appreciation of female artists throughout history.

As the art world continues to evolve, one must wonder: what other hidden gems might surface, waiting to be rediscovered? #RosalbaCarriera #ArtAuction #HistoricalArt

FAQs

Who was Rosalba Carriera?

Rosalba Carriera was a Venetian painter known for her exquisite pastel portraits, making her one of the most celebrated artists of the 18th century.

What is the significance of the portrait sold at auction?

This portrait of Coulson Fellowes sold for £508,000, setting a world record for Carriera's works and highlighting the growing interest in historical female artists.

When was the portrait painted?

The portrait was painted in 1724 and is documented in Carriera's diary, marking an important historical connection to its subject, Coulson Fellowes.

How does provenance affect the value of art?

Provenance, or the history of ownership, can significantly enhance an artwork's value. The connection to notable figures or historical events can make a piece more desirable to collectors.

What was the previous record price for a Carriera painting?

The previous record for a Carriera painting was £421,250, set in 2002 for a portrait of Gustavus Hamilton, an Irish soldier and politician.