Thursday, April 30, 2015

Cash in the Attic- Painting Sells for £98,000


A small oil painting, which had been stored in the owner’s attic for nearly 10 years, sold for £98,000 in the Charterhouse auction of pictures and antiques in Sherborne on Friday 24th April.

“The client inherited the little painting from his father in 1977, but left it with his mother until she passed away nearly 10 years ago. He then moved everything back to his Dorset property and put some of the items into the attic, until he decided to take advantage of the free home visit service we offer clients looking to sell through us.” Commented Richard Bromell. “When I telephoned him with the result, he was taken aback and said he needed to sit down, which in some ways was somewhat unfortunate as we had also sold some of his chairs in the same auction!”

Catalogued as follower of El Greco, who is perhaps one of the most copied, faked and forged Old Master painters, the small painting measured just 23 x 14.5 cm had previously been cleaned, re-lined and with modern stretchers. Featured on the internet and advertised internationally, the picture generated numerous pre-sale enquiries. However, on the auction day, it was sold to a London gallery owner who turned up at Charterhouse and spent just a couple of minutes looking at the picture before spending £98,000. Several telephone and live internet bidders also registered for the auction, and although bidding started at less than £1,000, it rose very quickly to £10,000 when another London gallery backed out. It then became a three way battle between the saleroom bidder, a live internet bidder and another telephone bidder, with the hammer finally falling just shy of £100,000. 

Charterhouse is now accepting further entries for their two day May two auction of silver, jewellery and watches, with specialist sections of wine, port and whisky and Beswick & Royal Doulton, closely followed by an auction of classic cars and classic motorcycles in June.

For further information regarding these auctions, or if you think you have a fortune languishing in your attic, contact Richard Bromell at Charterhouse, The Long Street Salerooms, Sherborne DT9 3BS 01935 812277 or send Richard an email of your items to sell on info@charterhouse-auction.com

Richard Bromell, a Director at Charterhouse Auctioneers in Sherborne, with the little portrait painting discovered in a Dorset attic and sold successfully for £98,000

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