Sunday, May 22, 2016

EVEN A BROKEN ANTINOUS BUST
GETS 10 TIMES THE ASKING PRICE



THIS 1,800-year-old marble portrait bust of the Deified Antinous sold at auction at Sotheby's in New York back in 2010 for a staggering $23,826,500 — more than 10 times what it had been expected to fetch (officially estimated at $2/3 million). 

It proved anew that Antinous sells ... that any Antinous-related artefact is guaranteed to fetch a fortune ... even if it is in a ruinous state as this fractured bust was.

But his name was incised on the pediment, making this bust unique in art history.

The bust led the auction in December 2010 of antiquities from the collection of the late Clarence Day, known as one of the finest private collections of antiquities in the United States.

The "white glove" sale achieved a total of $36,769,250, far exceeding the high estimate of between $6/9 million. Proceeds from the sale benefited the charitable foundation established by Mr. Day.

The marble portrait bust of the Deified Antinous is the only known Classical representation of Antinous, outside of his coin portraits, to be identified by an inscription.

Auctioneer Hugh Hildesley opened the bidding at $900,000 and two clients in the room and one on the phone began to battle.

The winning bidder, a European collector, entered the fray at $6.5 million and prevailed against the three existing bidders as well as another client who only joined the competition at $11.2 million. In all, it took more than eleven minutes for the bust to sell, and when the hammer finally fell the room broke out in applause.

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