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Fede Galizia
A glass compote with peaches, jasmine flowers, quinces and a grasshopper
$1,640,000
Christieís New York
Apr. 6, 2006
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ART MARKET WATCH
by Paul Jeromack


Maybe itís me. But for all the evident beauty of J.M.W. Turnerís Giudeecca, La Donna della Salute and San Giorgio (ca. 1840s), I canít quite comprehend the reasons it became the most expensive Old Master sold in America at Christieís New York on Apr. 6, 2006, going for $35,856,000 (with premium) over a presale estimate of $15 million-$20 million, to an American buyer believed to be Las Vegas hotel magnate Steve Wynn. The sale boosted Christieís 97-lot Old Master sale to a total of $69,496,800, a new record for an auction of Old Master pictures in America.

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