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Berkshire Hathaway Reports Profit of $97 Billion Last Year, a Record
What’s in a Name? For This Rembrandt, a Steep and Rapid Rise in Price.
By Colin Moynihan Feb. 23, 2024
In 2021, Christie’s put “The Adoration of the Kings,” a 17th century painting, up for sale. It identified the dark-hued Nativity scene as by an artist associated with Rembrandt.ESTIMATED VALUE
$17,000
A dark painting of the Nativity scene, with figures in robes with obscured faces huddled around an infant.
But some bidders thought the painting, no bigger than a sheet of paper, was an undiscovered treasure that might actually be by Rembrandt.SALE PRICE
$992,000
A dark painting of the Nativity scene, with figures in robes with obscured faces huddled around an infant.
Two months ago — just two years after the last sale — the painting was auctioned again, this time at Sotheby’s. It was listed as by Rembrandt himself, and the price soared.SALE PRICE
$13.8 MILLION
A Painting, Once Valued at $17,000, Is Now a Rembrandt Worth $13.8 Million - The New York Times
The meteoric escalation in value is striking evidence of just how much authenticity (who is said to have made a work) matters more than aesthetics (what it looks like) when it comes to predicting what a painting might be worth.
It is also a reminder of the power of connoisseurs. The dramatic change in value came about only because some experts decided the painting was by Rembrandt. But even today, others are not convinced that “The Adoration of the Kings” is really by the master.
Rembrandt van Rijn (Dutch , 1606–1669)
- A Man in Armour (Alexander the Great), 1655
Oil on canvas
Glasgow Kelvingrove Art Gallery and Museum
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