26 Feb Venetian view of Francesco Guardi estimated $30 million on Sotheby’s 6th of July
Large Venetian view of the Rialto Bridge painted by Francesco Guardi is presented as one of the best views in Venice and will go under the hammer in London July 6, 2011 at Sotheby’s presale estimate between 20 and 25 million €.
The auctioneer called the work “one of the greatest masterpieces of Venetian view painting ever executed.”
It is one of four works painted by Guardi on such a grand scale, all executed at around the same time in the late 1760s.
One was destroyed in a fire in the mid-20th century, and another was sold by Sotheby’s in 1989 for almost € 15 million – then the second highest price at auction for an old master painting and still the record for the artist.
The painting on offer has been sold just once since it was first acquired in Venice in 1768 by the English “grand tourist” Chaloner Arcedeckne.
It remained in Arcedeckne’s family until 1891, when it was sold to Sir Edward Guinness. It has since passed by inheritance through the same family.
“As we have seen on so many occasions, when works of this quality and rarity come to the market, the opportunity they represent often proves irresistible to collectors,” said Alex Bell, international head of Sotheby’s old master paintings.This is one of the four large canvases painted by Guardi in 1760. One was destroyed in a fire at mid-century century, another was sold at Sotheby’s in 1989 to almost € 15 million, a record for the artist.
The sponsor of the work is Charles Beddington, who has led America in Washington Venice: Canaletto and his rival, an exhibition at the National Gallery of Art and is author of a new moment of glory for the Venetian landscape abroad.