1890
See also : Top 10 Painting France Monet Monet < 1900 Cézanne Van Gogh Landscape The Man Flowers Tabletop Bouquet Orientalism 1830-1900 Paper currency
1890 Between Harvest and Snow
2019 SOLD for $ 110M including premium
The series of Meules painted by Monet after the 1890 harvest was not premeditated. The haystacks are installed in the fields as temporary semaphores that break the monotonous surface devoid of its plants.
Monet loves this theme that is typical of country life without the need to add humans or birds. He begins with five landscapes in which two haystacks are distant from each other.
According to the sequence established by Wildenstein, the next sub-series is composed of two oil paintings on canvas 73 x 93 cm executed during the autumn of 1890. The alignment of two haystacks leads to the tall trees on the horizon, against the light in the last rays of sunset. For the first time the rest of the image is minimized. The predominance of the expression of colors over theme and form opens the way to modern art.
The second of these pictures, W1273, goes even further by managing to avoid the shadows of the two stacks. All that remains is the light that plays with the contours of stacks and trees and reveals the shimmering colors of the field. It was dated 1891 by the artist, certainly by reference to the year of the first public exhibition of the series, in the gallery of Durand-Ruel.
W1273 will be sold by Sotheby's in New York on May 14, lot 8. The March 15 press release announces an estimate in excess of $ 55M. Please watch the video shared by the auction house.
The deep nature of a landscape can no longer be expressed by a single snapshot. In this series which ends in January 1891 and totals 25 paintings, Monet has captured 25 moments of light of a wide variety : morning, evening, full sun, snow, mist. In the last pictures the color also comes to sublimate the perspective with the reduction of the theme to a single haystack. Also taken at sunset, W1290 was sold for $ 81M including premium by Christie's on November 16, 2016.
Monet loves this theme that is typical of country life without the need to add humans or birds. He begins with five landscapes in which two haystacks are distant from each other.
According to the sequence established by Wildenstein, the next sub-series is composed of two oil paintings on canvas 73 x 93 cm executed during the autumn of 1890. The alignment of two haystacks leads to the tall trees on the horizon, against the light in the last rays of sunset. For the first time the rest of the image is minimized. The predominance of the expression of colors over theme and form opens the way to modern art.
The second of these pictures, W1273, goes even further by managing to avoid the shadows of the two stacks. All that remains is the light that plays with the contours of stacks and trees and reveals the shimmering colors of the field. It was dated 1891 by the artist, certainly by reference to the year of the first public exhibition of the series, in the gallery of Durand-Ruel.
W1273 will be sold by Sotheby's in New York on May 14, lot 8. The March 15 press release announces an estimate in excess of $ 55M. Please watch the video shared by the auction house.
The deep nature of a landscape can no longer be expressed by a single snapshot. In this series which ends in January 1891 and totals 25 paintings, Monet has captured 25 moments of light of a wide variety : morning, evening, full sun, snow, mist. In the last pictures the color also comes to sublimate the perspective with the reduction of the theme to a single haystack. Also taken at sunset, W1290 was sold for $ 81M including premium by Christie's on November 16, 2016.
An enduring symbol of Impressionism from Claude Monet's iconic Haystacks series will lead an important private collection of 8 Impressionist works on offer in #SothebysImpMod Evening Sale on 14 May in #NYC. Learn more: https://t.co/B4xVl8QWFA pic.twitter.com/SMDorfOowE
— Sotheby's (@Sothebys) March 15, 2019
1890 Portrait du Dr Gachet by Van Gogh
1990 SOLD for 82.5 M$ including premium by Christie's
narrated in 2020
Vincent Van Gogh had lost his autonomy but his internment in Saint-Rémy was not a lasting solution. On May 20, 1890 his brother Theo installed him at the Auberge Ravoux in Auvers-sur-Oise, near the house of Doctor Gachet who could help him. Vincent spent the last 70 days of his life there. In his frenzy of creativity, he painted about 80 works during this short period.
Gachet, 62, is a doctor, a psychiatrist and a friend of the artists. The subject of his doctoral thesis had been a study on melancholy. He advised several members of the Impressionist group on their health problems and had attempted to assist the engraver Charles Méryon in the final phase of his internment.
Vincent is surprised by their first meeting, during which he considers that Gachet is crazier than him. However, the doctor is skillful : in two days he gains the confidence of this hypersensitive artist.
For his art, Vincent seeks to express the deepest psychological aspects. He is still and always passionate about the examples of his predecessors, to better overcome them. He admires the expression of madness in the imaginary portrait by Delacroix of the poet Torquato Tasso in the madhouse of Ferrara.
The Portrait of Dr Gachet is an oil on canvas 67 x 56 cm painted in June 1890. Vincent commented on this work in a letter to his sister. He wanted to display the melancholy of his new friend while recognizing that his expression can be considered a grimace. He sums up his qualities in four words : Sad but gentle and yet clear and intelligent.
Gachet has his head resting on his right hand, allowing a diagonal composition of great expressive force. The face is drawn with the hard lines of the best works of Vincent. On the table, two bright yellow books balance the composition. A branch of digitalis, a medicinal herb, symbolizes Gachet's main activity.
The Portrait of Dr Gachet was sold for $ 82.5M including premium by Christie's on May 15, 1990. The image is shared by Wikimedia.
Gachet, 62, is a doctor, a psychiatrist and a friend of the artists. The subject of his doctoral thesis had been a study on melancholy. He advised several members of the Impressionist group on their health problems and had attempted to assist the engraver Charles Méryon in the final phase of his internment.
Vincent is surprised by their first meeting, during which he considers that Gachet is crazier than him. However, the doctor is skillful : in two days he gains the confidence of this hypersensitive artist.
For his art, Vincent seeks to express the deepest psychological aspects. He is still and always passionate about the examples of his predecessors, to better overcome them. He admires the expression of madness in the imaginary portrait by Delacroix of the poet Torquato Tasso in the madhouse of Ferrara.
The Portrait of Dr Gachet is an oil on canvas 67 x 56 cm painted in June 1890. Vincent commented on this work in a letter to his sister. He wanted to display the melancholy of his new friend while recognizing that his expression can be considered a grimace. He sums up his qualities in four words : Sad but gentle and yet clear and intelligent.
Gachet has his head resting on his right hand, allowing a diagonal composition of great expressive force. The face is drawn with the hard lines of the best works of Vincent. On the table, two bright yellow books balance the composition. A branch of digitalis, a medicinal herb, symbolizes Gachet's main activity.
The Portrait of Dr Gachet was sold for $ 82.5M including premium by Christie's on May 15, 1990. The image is shared by Wikimedia.
1890 Wild Flowers for Dr Gachet
2014 SOLD for $ 62M including premium
After he entered the asylum at Saint-Rémy de Provence in May 1889, the health of Vincent van Gogh did not improve. But they had to look for a solution. Auvers-sur-Oise is a pretty village frequented by artists. His visit is prepared by his brother Theo in consultation with Dr. Gachet.
In May 1890 Vincent moved into a room at the local inn in Auvers. He did not have a studio and regularly attended the home of Gachet, a friend of the Impressionists and Cézanne.
Since he is sick, Vincent is terrorized by the idea of failure and by the risk of a new crisis of dementia. With the energy of despair, he gives a new impetus to his old ambition to become the best painter of all time, the only one capable of a synthesis of all genres. Gachet has a painting by Cézanne showing a bouquet of flowers. Vincent wants to do better.
Spring brings forth the flowers into the fields. On November 4 in New York, Sotheby's sells an oil on canvas 66 x 50 cm painted by Vincent on 16 and 17 June 1890, lot 17 estimated $ 30M. Executed in the clear intention to thank Gachet for his help, this artwork shows a vase filled with daisies and poppies.
The composition is powerful and the colors are gorgeous, dominated in the center by the fiery red poppies. The groups of flowers shine like some characters within the ultimate tragedy of Vincent.
I invite you to play the video shared by Sotheby's :
In May 1890 Vincent moved into a room at the local inn in Auvers. He did not have a studio and regularly attended the home of Gachet, a friend of the Impressionists and Cézanne.
Since he is sick, Vincent is terrorized by the idea of failure and by the risk of a new crisis of dementia. With the energy of despair, he gives a new impetus to his old ambition to become the best painter of all time, the only one capable of a synthesis of all genres. Gachet has a painting by Cézanne showing a bouquet of flowers. Vincent wants to do better.
Spring brings forth the flowers into the fields. On November 4 in New York, Sotheby's sells an oil on canvas 66 x 50 cm painted by Vincent on 16 and 17 June 1890, lot 17 estimated $ 30M. Executed in the clear intention to thank Gachet for his help, this artwork shows a vase filled with daisies and poppies.
The composition is powerful and the colors are gorgeous, dominated in the center by the fiery red poppies. The groups of flowers shine like some characters within the ultimate tragedy of Vincent.
I invite you to play the video shared by Sotheby's :
1889-1890 Cézanne playing with Apples
2013 SOLD 42 M$ including premium
Chardin had an innovative interpretation of the still life. He wanted his painting to approach as close as possible to the truth, and brought an extreme care in the texture.
Cézanne plays with apples like an infant with cubes. Fruits are grouped within small uneven piles in which their variety of colors brings an additional appeal. Sometimes a group is interrupted by the frame as if the model was unlimited.
If we consider that the real subject is the painting itself and not the peaceful fruit, Cézanne's apples anticipate abstract art. It puzzles the viewer by its original composition, as if it tried to tell a story or to evoke a feeling, like Kandinsky and Miro later. Each individual element is however realistic like an image by Chardin.
The group of apples for sale at Sotheby's on May 7 in New York is both simple and bold. This oil on canvas 38 x 46 cm painted in 1889-1890 is estimated $ 25M. Here is the link to the catalog.
Sold for $ 60M including premium at Sotheby's on May 10, 1999, another composition, 60 x 73 cm, painted four years later is more ambitious. The folds of the white tablecloth generate a complex interplay of fruit, the pitcher is the referee and the curtain states that the still lifes of Cézanne are indeed dramas.
POST SALE COMMENT
Cezanne's still lifes are the most remarkable modernist advances of their time. This painting was sold $ 42M including premium.
I invite you to watch the video shared by Sotheby's :
Cézanne plays with apples like an infant with cubes. Fruits are grouped within small uneven piles in which their variety of colors brings an additional appeal. Sometimes a group is interrupted by the frame as if the model was unlimited.
If we consider that the real subject is the painting itself and not the peaceful fruit, Cézanne's apples anticipate abstract art. It puzzles the viewer by its original composition, as if it tried to tell a story or to evoke a feeling, like Kandinsky and Miro later. Each individual element is however realistic like an image by Chardin.
The group of apples for sale at Sotheby's on May 7 in New York is both simple and bold. This oil on canvas 38 x 46 cm painted in 1889-1890 is estimated $ 25M. Here is the link to the catalog.
Sold for $ 60M including premium at Sotheby's on May 10, 1999, another composition, 60 x 73 cm, painted four years later is more ambitious. The folds of the white tablecloth generate a complex interplay of fruit, the pitcher is the referee and the curtain states that the still lifes of Cézanne are indeed dramas.
POST SALE COMMENT
Cezanne's still lifes are the most remarkable modernist advances of their time. This painting was sold $ 42M including premium.
I invite you to watch the video shared by Sotheby's :
1890 Better than Cézanne
2020 SOLD for $ 16M including premium
The final phase of Vincent van Gogh's life takes place in Auvers-sur-Oise, from May 20, 1890, on an initiative of Theo who considers profitable his rapprochement with Dr. Gachet, who knew Cézanne.
Vincent is euphoric, until the return of his psychiatric disorders at the end of July. His creativity is at its peak. Benefiting from all his research in Arles and Saint-Rémy, he fulfils his mad dream of being the best painter in the world. He knows that he will never be able to stop time, and paints an average of one canvas per day. He works too fast and can no longer describe all his creativity in his letters to Theo.
Gachet owned two paintings of bouquets made by Cézanne in 1873. One of the bouquets is placed on a round table in a slightly plunging view, an early example of Cézanne's passion for reinterpreting perspectives. A backdrop adjoins the contours of the table.
Vincent painted an oil on canvas inspired by this bouquet at an undetermined date. He replaces the Delft vase with a transparent and shiny glass. The flowers take on the vivid colors from his experiences with Gauguin at the Maison Jaune. The concave background, which occupies the entire width of the image, is iridescent like a reflection of the blue sky and possibly the bouquet.
This oil on canvas 41 x 33 cm was sold for $ 4.6M including premium by Sotheby's on May 10, 2000 and is estimated $ 14M for sale by Sotheby's in New York on October 28, lot 127. Please watch the video shared by the auction house.
Vincent is euphoric, until the return of his psychiatric disorders at the end of July. His creativity is at its peak. Benefiting from all his research in Arles and Saint-Rémy, he fulfils his mad dream of being the best painter in the world. He knows that he will never be able to stop time, and paints an average of one canvas per day. He works too fast and can no longer describe all his creativity in his letters to Theo.
Gachet owned two paintings of bouquets made by Cézanne in 1873. One of the bouquets is placed on a round table in a slightly plunging view, an early example of Cézanne's passion for reinterpreting perspectives. A backdrop adjoins the contours of the table.
Vincent painted an oil on canvas inspired by this bouquet at an undetermined date. He replaces the Delft vase with a transparent and shiny glass. The flowers take on the vivid colors from his experiences with Gauguin at the Maison Jaune. The concave background, which occupies the entire width of the image, is iridescent like a reflection of the blue sky and possibly the bouquet.
This oil on canvas 41 x 33 cm was sold for $ 4.6M including premium by Sotheby's on May 10, 2000 and is estimated $ 14M for sale by Sotheby's in New York on October 28, lot 127. Please watch the video shared by the auction house.
#AuctionUpdate: One of Vincent van Gogh’s finest flower paintings, ‘Fleurs dans un verre’ from 1890 sells for $16 million. Executed at the height of his artistic powers, the work is one of the final canvases that Van Gogh painted just days before his untimely death in July 1890. pic.twitter.com/BIBPX0Da7n
— Sotheby's (@Sothebys) October 29, 2020
1890 Good Readings with Hamdy Bey
2019 SOLD for £ 4.6M including premium
The career of Osman Hamdy Bey as a painter is inseparable from the Tanzimat, the vast reorganization movement of the Ottoman Empire started in the 1830s by Sultan Mahmud II. His father is a vizier who will reach in 1877 the top responsibility in the Ottoman government.
Osman came to Paris in 1860 at the age of 17 to complete his law studies. When he returned to Constantinople in 1869 with a French fiancée, he was an Orientalist artist, former student of the late Boulanger and friend of Gérôme.
He learned from his French masters the techniques of realistic figuration that are based on photographs. He will remain throughout his life a great servant of the Ottoman Empire. He disdains the scenes of artificial harems and keenly observes the religious practices and the luxurious costumes of the Turkish elites.
Hamdy Bey introduces progressive elements in his art, with a great subtlety that does not impeach his splendid cultural and administrative career. He stages himself with his family, probably to avoid remonstrances from other models. He is the only figurative painter in Turkey and his works have not been exhibited during his lifetime in his country.
For example the Lady of Constantinople wears the Islamic veil, but it is so transparent that it does not hide anything of her pretty face. This 185 x 109 cm oil on canvas painted in 1881 was sold for £ 3.4M including premium by Sotheby's on May 30, 2008. A smaller version is for sale at Dorotheum on October 23, 2019. Both have been narrated in this column.
The reading of sacred books is one of Hamdy Bey's favorite themes. His characters are made appealing by their passions or their carelessness. This deep humanism that leads the social criticism up to a pleasant mockery has no equivalent in European orientalist art, even less in Ottoman art.
Painted in 1878 with the atmosphere from Topkapi, the picture of a young prince sprawled on a couch for better focusing on his reading passed at Sotheby's on April 24, 2012. A young woman fooling her boredom by looking at a big book, oil on canvas 41 x 51 cm painted in 1880, was sold for £ 6.7M including premium by Bonhams on September 26, 2019 over a lower estimate of £ 600K.
On October 22 in London, Sotheby's sells Koranic Instruction, oil on canvas 80 x 60 cm painted in 1890, lot 21 estimated £ 3M.
In the luxurious interior of the Bursa Green Mosque, the standing teacher reads the book aloud without looking at the disciple. This serious man forgot to take off his babouches. The student is a mature man holding a closed book with a jaded attitude. He is a self-portrait of the artist, from a photograph that has been identified.
Osman came to Paris in 1860 at the age of 17 to complete his law studies. When he returned to Constantinople in 1869 with a French fiancée, he was an Orientalist artist, former student of the late Boulanger and friend of Gérôme.
He learned from his French masters the techniques of realistic figuration that are based on photographs. He will remain throughout his life a great servant of the Ottoman Empire. He disdains the scenes of artificial harems and keenly observes the religious practices and the luxurious costumes of the Turkish elites.
Hamdy Bey introduces progressive elements in his art, with a great subtlety that does not impeach his splendid cultural and administrative career. He stages himself with his family, probably to avoid remonstrances from other models. He is the only figurative painter in Turkey and his works have not been exhibited during his lifetime in his country.
For example the Lady of Constantinople wears the Islamic veil, but it is so transparent that it does not hide anything of her pretty face. This 185 x 109 cm oil on canvas painted in 1881 was sold for £ 3.4M including premium by Sotheby's on May 30, 2008. A smaller version is for sale at Dorotheum on October 23, 2019. Both have been narrated in this column.
The reading of sacred books is one of Hamdy Bey's favorite themes. His characters are made appealing by their passions or their carelessness. This deep humanism that leads the social criticism up to a pleasant mockery has no equivalent in European orientalist art, even less in Ottoman art.
Painted in 1878 with the atmosphere from Topkapi, the picture of a young prince sprawled on a couch for better focusing on his reading passed at Sotheby's on April 24, 2012. A young woman fooling her boredom by looking at a big book, oil on canvas 41 x 51 cm painted in 1880, was sold for £ 6.7M including premium by Bonhams on September 26, 2019 over a lower estimate of £ 600K.
On October 22 in London, Sotheby's sells Koranic Instruction, oil on canvas 80 x 60 cm painted in 1890, lot 21 estimated £ 3M.
In the luxurious interior of the Bursa Green Mosque, the standing teacher reads the book aloud without looking at the disciple. This serious man forgot to take off his babouches. The student is a mature man holding a closed book with a jaded attitude. He is a self-portrait of the artist, from a photograph that has been identified.
1890 Timeless Damascus
2019 SOLD for £ 3.6M including premium
Gustav Bauernfeind works in an architectural firm. In 1880 his sister and brother-in-law then living in Beirut are suggesting him to tour the Middle East.
During his second trip which begins in 1884, Gustav is enthralled by the atmosphere in the streets of Damascus, a city that knew to resist modernism. The presence of this foreigner amuses the locals who nickname him Father Casserole for the shape of his hat.
Back to Munich, he paints a funny scene in which he is tightly surrounded by a circle of on-lookers. This 51 x 68 cm oil on panel was sold for $ 1.08M including premium by Christie's on April 19, 2006.
Now passionate about Islamic art, Gustav returns to Damascus in 1888 to admire the Umayyad Mosque which he had only glimpsed during his previous trip. This monument is one of the wonders of Islam. Its site previously used for an Aramaic temple, a Roman temple and a Christian cathedral has a repercussion both grandiose and mystical.
The difficulties begin. Son of a Jew converted to Christianity, the artist is not a Muslim. To make his drawings, he can reach the outside porticoes by bribing the guards but his access to the rooms is strictly forbidden.
Gustav rightly feels that the lively and colored activity around the facades richly decorated with marbles and mosaics will be the theme of his masterpieces. In 1890 in Munich, he paints two oils on panel showing in different angles the preparation of an outdoor celebration with the soothing shadow of the portico in the foreground. He thus brings a rare direct testimony by a European visitor concerning this site before it was ravaged by fire in 1893.
One of these paintings, 121 x 97 cm, was sold for £ 2.5M including premium by Christie's on July 2, 2008. The other one, 121 x 92 cm, will be sold as lot 10 by Christie's in London on April 29. The March 6 press release announces an estimate in the region of £ 3M. Please watch the short video shared by the auction house.
During his second trip which begins in 1884, Gustav is enthralled by the atmosphere in the streets of Damascus, a city that knew to resist modernism. The presence of this foreigner amuses the locals who nickname him Father Casserole for the shape of his hat.
Back to Munich, he paints a funny scene in which he is tightly surrounded by a circle of on-lookers. This 51 x 68 cm oil on panel was sold for $ 1.08M including premium by Christie's on April 19, 2006.
Now passionate about Islamic art, Gustav returns to Damascus in 1888 to admire the Umayyad Mosque which he had only glimpsed during his previous trip. This monument is one of the wonders of Islam. Its site previously used for an Aramaic temple, a Roman temple and a Christian cathedral has a repercussion both grandiose and mystical.
The difficulties begin. Son of a Jew converted to Christianity, the artist is not a Muslim. To make his drawings, he can reach the outside porticoes by bribing the guards but his access to the rooms is strictly forbidden.
Gustav rightly feels that the lively and colored activity around the facades richly decorated with marbles and mosaics will be the theme of his masterpieces. In 1890 in Munich, he paints two oils on panel showing in different angles the preparation of an outdoor celebration with the soothing shadow of the portico in the foreground. He thus brings a rare direct testimony by a European visitor concerning this site before it was ravaged by fire in 1893.
One of these paintings, 121 x 97 cm, was sold for £ 2.5M including premium by Christie's on July 2, 2008. The other one, 121 x 92 cm, will be sold as lot 10 by Christie's in London on April 29. The March 6 press release announces an estimate in the region of £ 3M. Please watch the short video shared by the auction house.
1890 Bauernfeind in the Gate of Damascus Mosque
2008 SOLD 2.5 M£ including premium
Gustav Bauernfeind was a German painter of the late nineteenth century, who wanted to exercise his art in the Near East and eventually settled there permanently. He locates frequently his paintings, where monuments are often recognizable, and his work is a true tour circuit of three cities he particularly liked: Jerusalem, Damascus, Jaffa.
At auction, his work culminates with a painting representing the Wailing Wall, sold 3 million £ fees included by Sotheby's in London on June 27, 2007.
This year, I take you again to London but at Christie's, who introduce at lot 28 on July 2 a painting of Damascus.
The scene is located very precisely in the gate of the Great Umayyad Mosque, the view being directed towards the outdoor flooded with sunlight. The whole is nicely animated, both inside the gate and outside. The details of the gate provide an excellent impression of luxury of architecture. A large religious building closes the perspective.
For this oil on panel of 121 x 97 cm, dated 1890, it is needed £ 1.5 million, which despite the example given above is a high price for this artist. The originality of the subject and the balance of the composition make it still a good chance of achieving this result. The prestige of the monument may also help.
In the same sale, a more traditional street scene in the Old City of Jerusalem is estimated 600 K £ (130 x 90 cm, lot 75).
POST SALE COMMENT
The result is excellent, and shows that fans of Orientalist paintings have good taste: £ 2.5 million charge included. The next works of this artist to enter auction should be analyzed carefully. Of course, few will have the quality of this scene of mosque, but the value of Bauernfeind has confirmed the trend brilliantly started only one year ago.
Here is the evidence found in the same sale: the old street in Jerusalem, which I also mentioned, was sold £ 1.05 million fee included.
At auction, his work culminates with a painting representing the Wailing Wall, sold 3 million £ fees included by Sotheby's in London on June 27, 2007.
This year, I take you again to London but at Christie's, who introduce at lot 28 on July 2 a painting of Damascus.
The scene is located very precisely in the gate of the Great Umayyad Mosque, the view being directed towards the outdoor flooded with sunlight. The whole is nicely animated, both inside the gate and outside. The details of the gate provide an excellent impression of luxury of architecture. A large religious building closes the perspective.
For this oil on panel of 121 x 97 cm, dated 1890, it is needed £ 1.5 million, which despite the example given above is a high price for this artist. The originality of the subject and the balance of the composition make it still a good chance of achieving this result. The prestige of the monument may also help.
In the same sale, a more traditional street scene in the Old City of Jerusalem is estimated 600 K £ (130 x 90 cm, lot 75).
POST SALE COMMENT
The result is excellent, and shows that fans of Orientalist paintings have good taste: £ 2.5 million charge included. The next works of this artist to enter auction should be analyzed carefully. Of course, few will have the quality of this scene of mosque, but the value of Bauernfeind has confirmed the trend brilliantly started only one year ago.
Here is the evidence found in the same sale: the old street in Jerusalem, which I also mentioned, was sold £ 1.05 million fee included.
1890 The Silver Inflation
2014 SOLD 3.3 M$ including premium
The earliest emissions of paper currency were damped by the issue of controlling the future parity between metal and paper, with the risk of draining the reserves of the government in case of an imbalance in favor of the users.
In 1890, faced with a glut of silver, the U.S. government had also to address the parity between silver and gold. The decision is known as the Sherman Silver Purchase Act against the wishes of Senator Sherman, the best federal financial official of his time, who was not supporting this operation.
The government buys silver in huge quantities, and pays with a new type of bill named the Treasury Note which can be be repaid either in gold coins or in silver coins. They naively believed that this provision of liquidity would encourage consumerism. The opposite effect, however, was immediate. Due to lack of confidence in maintaining the value of the federal silver, holders of Treasury Notes rushed to gold.
In 1893, fearing a financial disaster, the Sherman Act is repealed. The Treasury Notes are redeemed. The big denominations were obviously too expensive to be kept in collections.
The $ 1000 Treasury notes became the rarest units of federal money. The Friedberg guide assigns them with the reference Fr.379, divided in two 1890 variants Fr.379a and b, and one variant Fr.379c of the following year. The alignment of the three opulent oval 0 has provided to this design the nickname Grand Watermelon.
The two rarest notes entered together in 2006 in the Greensboro collection by a private transaction organized by Heritage. Each of them is unique in private hands in its variant.
The 379c, graded Extremely Fine 45 by PCGS, was sold for $ 2.6 million including premium by Heritage on 26 April 2013.
The 379b, dating from the very year of the Sherman Act, is the most prestigious although in a slightly lower state graded Extremely Fine 40 by PCGS. It is estimated in excess of $ 2M for sale by Heritage in Orlando on January 10. Here is the link to the catalog.
Two 379a are in private hands. One of them, graded Apparent Extremely Fine 45 by PCGS, was sold for $ 1.53 million by Heritage on April 26, 2013. The other unit was sold for $ 1.1 million including premium in October 2005 by Lyn Knight, becoming the first note to break the million dollars at auction.
POST SALE COMMENT
This specimen of Grand Watermelon is the undisputed star of US paper currency. It was sold for $ 3.3 million including premium.
Please watch the video shared by Heritage :
In 1890, faced with a glut of silver, the U.S. government had also to address the parity between silver and gold. The decision is known as the Sherman Silver Purchase Act against the wishes of Senator Sherman, the best federal financial official of his time, who was not supporting this operation.
The government buys silver in huge quantities, and pays with a new type of bill named the Treasury Note which can be be repaid either in gold coins or in silver coins. They naively believed that this provision of liquidity would encourage consumerism. The opposite effect, however, was immediate. Due to lack of confidence in maintaining the value of the federal silver, holders of Treasury Notes rushed to gold.
In 1893, fearing a financial disaster, the Sherman Act is repealed. The Treasury Notes are redeemed. The big denominations were obviously too expensive to be kept in collections.
The $ 1000 Treasury notes became the rarest units of federal money. The Friedberg guide assigns them with the reference Fr.379, divided in two 1890 variants Fr.379a and b, and one variant Fr.379c of the following year. The alignment of the three opulent oval 0 has provided to this design the nickname Grand Watermelon.
The two rarest notes entered together in 2006 in the Greensboro collection by a private transaction organized by Heritage. Each of them is unique in private hands in its variant.
The 379c, graded Extremely Fine 45 by PCGS, was sold for $ 2.6 million including premium by Heritage on 26 April 2013.
The 379b, dating from the very year of the Sherman Act, is the most prestigious although in a slightly lower state graded Extremely Fine 40 by PCGS. It is estimated in excess of $ 2M for sale by Heritage in Orlando on January 10. Here is the link to the catalog.
Two 379a are in private hands. One of them, graded Apparent Extremely Fine 45 by PCGS, was sold for $ 1.53 million by Heritage on April 26, 2013. The other unit was sold for $ 1.1 million including premium in October 2005 by Lyn Knight, becoming the first note to break the million dollars at auction.
POST SALE COMMENT
This specimen of Grand Watermelon is the undisputed star of US paper currency. It was sold for $ 3.3 million including premium.
Please watch the video shared by Heritage :
1890 Vase d'Anémones by Renoir
2020 SOLD for $ 2.8M including premium by Christie's
Link to catalogue.
1890 Scenes in the Levant
2020 SOLD for £ 1.7M including premium
Having been trained as an architect, Gustav Bauernfeind is passionate about the ancient monuments of the Middle East. He chooses Jaffa as the starting point for his excursions. With a miniature camera hidden under a buttonhole, he observes the daily life which has preserved its oldest traditions. Between two stays in Palestine, he uses these data in his workshop in Munich.
A market scene painted in 1887 expresses the variety of occupations in Jaffa with a bright sun that lights up the square and the old stones. This oil on canvas 82 x 109 cm from the Najd collection was sold for £ 3.7M including premium by Sotheby's on October 22, 2019.
The second part of the Najd collection includes a Procession in Jaffa painted by Bauernfeind in Munich in 1890 after his return from his third stay in Palestine. This large size oil on canvas 105 x 135 cm is estimated £ 1.5M for sale by Sotheby's in London on March 31 (postponed to June 11), lot 105. Please watch the video shared by the auction house.
The overall composition is similar as for the 1887 market, although the picture shows a more open square in the city, with a view toward the sea beyond the minaret of the al-Bahr mosque. As before, the narrow street which leads to the square in a row is a place for an intense activity.
The colorful procession is led by a dervish who blows in a horn. The locals watch the holy men, except for a young boy who prefers to kick the dog.
The artist was the son of a Jew converted to Christianity. His Muslim procession is treated with sympathy but the work also includes resolutely ecumenical symbols like the seal of Solomon on a flag. The fortification and the monumental gate were built by the Christians during the Crusades while the houses with overhanging windows are Ottoman. The wall in the foreground is decorated with the blessing hand of Fatima, the Hamsa.
A market scene painted in 1887 expresses the variety of occupations in Jaffa with a bright sun that lights up the square and the old stones. This oil on canvas 82 x 109 cm from the Najd collection was sold for £ 3.7M including premium by Sotheby's on October 22, 2019.
The second part of the Najd collection includes a Procession in Jaffa painted by Bauernfeind in Munich in 1890 after his return from his third stay in Palestine. This large size oil on canvas 105 x 135 cm is estimated £ 1.5M for sale by Sotheby's in London on March 31 (postponed to June 11), lot 105. Please watch the video shared by the auction house.
The overall composition is similar as for the 1887 market, although the picture shows a more open square in the city, with a view toward the sea beyond the minaret of the al-Bahr mosque. As before, the narrow street which leads to the square in a row is a place for an intense activity.
The colorful procession is led by a dervish who blows in a horn. The locals watch the holy men, except for a young boy who prefers to kick the dog.
The artist was the son of a Jew converted to Christianity. His Muslim procession is treated with sympathy but the work also includes resolutely ecumenical symbols like the seal of Solomon on a flag. The fortification and the monumental gate were built by the Christians during the Crusades while the houses with overhanging windows are Ottoman. The wall in the foreground is decorated with the blessing hand of Fatima, the Hamsa.
