Rare Book Monthly

Articles - January - 2022 Issue

$50 Million Durer Drawing Bought for $30 at Estate Sale

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Durer's Virgin and Child (Agnews Gallery image).

Have you ever dreamed of finding something cheap at a yard sale, only to learn later that it is fabulously valuable? Everyone has. That dream came true for an unidentified man in his 60s. He found the work at an estate sale in Massachusetts. However, this time it appears to be on a level far beyond what anyone can dream. He purchased a drawing for $30 which, if authentic as believed, is estimated to be worth $50 million.

 

The drawing looks to be the work of late 15th and early 16th century printmaker and artist Albrecht Durer. Durer's name is well known in the art world, but even more so in that of books and prints. There were numerous great artists of the Renaissance period, but only one woodblock artist and engraver like Durer. He not only illustrated books for others, but bound his prints together to create books, which became a major source of his income. Late in life, Durer turned to writing, publishing books on perspective. His separate prints, books and illustrated works are all valuable today, but naturally, his original art is the most valuable of all.

 

The title of the drawing is The Virgin and the Christ Child with a Flower on a Grassy Bench. That wouldn't have helped the buyer much as it was previously unknown. He couldn't identify the artist but there was one thing about which he was fairly certain – it was a reproduction. It was too nice a drawing to be found at an estate sale for $30. It did have the initials “A D” at the bottom, but if he thought it might be Abrecht Durer, it would have been as a reproduction. He didn't treat it like $50 million in cash.

 

Neither did the unlucky previous owners, the daughters of architect Jean Paul Carlhian. They did not realize what they had. Jean Paul Carlhian, who died in 2012 at the age of 92, obviously had no idea either. It had come to Jean Paul through Maison Carhlian, a Paris firm that made fine furniture from 1867-1975. They obtained the drawing in 1919, a year before Jean Paul was born. It is uncertain whether they knew what they had, but it seems likely. It wouldn't have been so spectacularly valuable back then.

 

The current owner bought it in 2016, and in looking for a buyer, he was offered $2,000 by a dealer. The dealer was more interested in the fine frame than the drawing. He later told a bookseller about it, who in turn mentioned it to Clifford Schorer who visited his shop in Massachusetts. Schorer was blown away. It was too good. Could it possibly be? He set about showing the image to various experts who concluded it was real. The signature matched up, the paper matched up to a type Durer had used. Everything matched. It is now held at Agnews Gallery in London, and while they have not yet put a selling price on it, they will be contacting potential buyers.

 

The drawing has been dated to 1503. It is believed to be a preliminary sketch for his painting The Virgin Among a Multitude of Animals. It is not very large, 6 ½ x 6 ½ inches. This might be the most valuable art work on a per square inch basis ever.

Rare Book Monthly

  • <center><b>Swann Auction Galleries<br>A Record Breaking Season</b>
    <b>Swann:</b> <i>The Book of Mormon,</b> first edition, Palmyra, NY, 1830. Sold Sept. 30 — $112,500.
    <b>Swann:</b> Vincent Van Gogh, <i>Homme à la Pipe: Portrait du Docteur Gachet, Evening,</i> etching, 1890. Sold Nov. 2 — $161,000.
    <b>Swann:</b> Edward Ruscha, <i>Stains,</i> title page, one of 70, signed, 1969. Sold Nov. 9 — $112,500.
    <b>Swann:</b> John James Audubon, <i>Carolina Parrot, Plate 26,</i> hand colored aquatint, 1828. Sold Dec.9 — $137,000.
    <b>Swann:</b> Edmund Dulac, <i>The Snow Queen,</i> watercolor, gouache, pen & ink, 1910. Sold Dec. 16 — $125,000.
  • <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>February 26, 2022</b>
    <b>Potter & Potter, Feb. 26:</b> ALLEN, Ethan. <i>A Narrative of Colonel Ethan Allen’s Captivity from the Time of his Being Taken by the British, near Montreal…,</i> Rare second edition, 1779. $40,000 to $60,000.
    <b>Potter & Potter, Feb. 26:</b> CLEMENS, Samuel Langhorne ("Mark Twain"). <i>The Adventures of Huckleberry Finn.</i> New York: Charles L. Webster and Company, 1885. $10,000 to $15,000.
    <b>Potter & Potter, Feb. 26:</b> LANE, Edward William, translator. <i>Tales of a Thousand and One Nights; [or], The Arabian Nights’ Entertainments.</i> London, 1838–1841. 32 parts in 33. $7,000 to $9,000.
    <b>Potter & Potter, Feb. 26:</b> GRANT, James, Lieut. <i>The Narrative of a Voyage of Discovery, performed in His Majesty's Vessel The Lady Nelson...</i> London, 1803. $4,000 to $6,000.
  • <center><b>Case Antiques<br>Two-Day Winter Fine Art, Antique, and Jewelry Auction<br>January 29 & 30, 2022</b>
    <b>Case Antiques, Jan. 29-30:</b> Civil War Archive, including Hospital CDVs. $2,400 to $2,800.
    <b>Case Antiques, Jan. 29-30:</b> W.B. Gosnell's Civil War Era 34 Star Flag w/ Book on Western Expansion. $1,200 to $1,400.
    <b>Case Antiques, Jan. 29-30:</b> 15 Star Parade Flag and Envelope, Framed. $800 to $900.
    <center><b>Case Antiques<br>Two-Day Winter Fine Art, Antique, and Jewelry Auction<br>January 29 & 30, 2022</b>
    <b>Case Antiques, Jan. 29-30:</b> Partial Civil War Album, incl. Confederate Leaders. $800 to $900.
    <b>Case Antiques, Jan. 29-30:</b> CDV Album incl. Garfield, plus Framed CSA Currency. $800 to $900.
    <b>Case Antiques, Jan. 29-30:</b> Two Geronimo Cabinet Cards, incl. St. Louis World's Fair Signed. $2,800 to $3,200.
    <center><b>Case Antiques<br>Two-Day Winter Fine Art, Antique, and Jewelry Auction<br>January 29 & 30, 2022</b>
    <b>Case Antiques, Jan. 29-30:</b> Dickens, Charles. <i>A Christmas Carol,</i> 1st Ed. 1843. $1,800 to $2,000.
    <b>Case Antiques, Jan. 29-30:</b> Archive of Col. John Fite, CSA, POW Johnson's Island, first of two lots, 8 Items. $1,200 to $1,400.
    <b>Case Antiques, Jan. 29-30:</b> Kentucky Confederate Call to Arms Broadside, 1862. $1,200 to $1,400.
    <center><b>Case Antiques<br>Two-Day Winter Fine Art, Antique, and Jewelry Auction<br>January 29 & 30, 2022</b>
    <b>Case Antiques, Jan. 29-30:</b> Hemingway, Ernest. <i>For Whom the Bell Tolls,</i> 1st Ed. $1,000 to $1,200.
    <b>Case Antiques, Jan. 29-30:</b> Autograph Album with Confederate Signatures, incl. Jeff Davis. $800 to $1,000.
    <b>Case Antiques, Jan. 29-30:</b> WWI Navy Posters plus Photo of USS John Hood, 3 pcs. $700 to $750.
  • <center><b>Sotheby’s<br> Fine Books and Manuscripts, Including Americana<br>Online<br>Now through January 25, 2022</b>
    <b>Sotheby’s, Now to Jan. 25:</b> Audubon, John James. The "Wild Turkey" manuscript — capturing one of the nation's most iconic symbols of unity. $250,000 to $350,000.
    <b>Sotheby’s, Now to Jan. 25:</b> (Flag) — Commemorative Thirteen-Star Flag. Pre-Civil War, Thirteen-Star Flag of the United States, from the collection of Charles Kuralt. $15,000 to $25,000.
    <b>Sotheby’s, Now to Jan. 25:</b> Fitzgerald, F. Scott. <i>Tender is the Night</i>. First edition, presentation copy, and a former mystery. $30,000 to $50,000.
    <b>Sotheby’s, Now to Jan. 25:</b> Audubon, John James. The "Wild Turkey" manuscript — capturing one of the nation's most iconic symbols of unity. $250,000 to $350,000.
    <b>Sotheby’s, Now to Jan. 25:</b> Salinger, J.D. <i>The Catcher in the Rye.</i> A strikingly fresh first edition of Salinger's essential novel. $20,000 to $25,000.
    <b>Sotheby’s, Now to Jan. 25:</b> Whitman, Walt. <i>Leaves of Grass.</i> “America's second Declaration of Independence” — signed by Whitman. $150,000 to $200,000.
    <b>Sotheby’s, Now to Jan. 25:</b> [Dylan, Bob]. Some of the earliest known professional portraits. $10,000 to $15,000.
    <b>Sotheby’s, Now to Jan. 25:</b> Y-Worth [Yarworth], William. <i>Cerevisiarii Comes: Or, the New and True Art of Brewing…</i> A rare and early English work on the art of brewing. $5,000 to $7,000.

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