'Rembrandt' sells for GBP 2.58 million

29th October 2007, Comments 0 comments

29 October 2007, LONDON (AFP) - A painting has sold for 1,700 times its maximum reserve price as the winning bidder believed it to be a self-portrait by 17th century Dutch artist Rembrandt, British media reported on Saturday.

29 October 2007

LONDON (AFP) - A painting has sold for 1,700 times its maximum reserve price as the winning bidder believed it to be a self-portrait by 17th century Dutch artist Rembrandt, British media reported on Saturday.

The portrait, described by auctioneers as the work of an unknown follower of Rembrandt and with a reserve of up to GBP 1,500 (EUR 2,138), in fact sold for GBP 2.58 million, including fees and taxes.

"On the day of the auction both the winner and under bidder seemed convinced it was (a) genuine" Rembrandt self-portrait", auctioneer Philip Allwood was quoted as saying by BBC online.

"The buyer who wishes to remain anonymous seemed very relaxed spending that sort of money," he added.

Allwood, from England-based auctioneers Moore, Allen and Innocent, said of the painting: "When I first saw it I said it looked very much like a Rembrandt and was assured by the client it had been checked out years ago and it wasn't."

Allwood, unsure whether the seller had been correctly advised, sought a second opinion from the Rijksmuseum in Amsterdam, but the results proved inconclusive, The Times newspaper said.

According to Allwood, the museum felt "fairly happy" that it was not a self-portrait but added that it was almost certainly painted in the 17th century by a contemporary of Rembrandt.

The portrait, labelled "The Young Rembrandt as Democrates the Laughing Philosopher," was sold on Friday in the historic Roman town of Cirencester, western England.

The work had hung on the wall of a house in Cirencester for several years, British media said. The auction house could not be contacted on Saturday.

[Copyright AFP 2007]

Subject: Dutch news

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