Lord Leverhulme’s paintings expected to sell for up to £13 million at auction (From This Is Lancashire)
Lord Leverhulme’s paintings expected to sell for up to £13 million at auction
6:00am Wednesday 11th September 2013 in News
A 150-YEAR-OLD oil painting bought in 1917 by Bolton-born soap magnate, Viscount Leverhulme, is now set to fetch up to £5 million when it goes on sale — a new world auction record.
The 1867 painting A Christmas Carol by Dante Gabriel Rossetti is one of three extremely valuable paintings from the Leverhulme collection up for sale at Sotheby’s on December 4.
These include A Visit To The Yacht by James-Jacques-Joseph Tissot, which is expected to raise between £2 million and £3 million and Tuscan Girl Plaiting Straw by William Holman Hunt, which is said to be worth between £3 million and £5 million.
The current world record for a Rossetti work is £2,643,750, which was paid at Christie’s in London on June 14, 2000, for the pastel picture, Pandora.
It was bought in 1968 by another famous artist L.S.Lowry.
A spokesman from Sotheby’s said: “A Christmas Carol passed through several hands before Viscount Leverhulme bought it at auction in 1917.
“He already owned two drawings by Rossetti and when the opportunity presented itself to buy a masterpiece, he was determined to secure the work for his collection.
“While many of Leverhulme’s acquistions went to his museum at Port Sunlight, A Christmas Carol remained in his personal possession at Thornton Manor, in Cheshire, for his private contemplation.”
Lord Leverhulme started his working life as an assistant in his father’s grocery warehouse in Bolton.
When he died, in 1925 he left £1 million in his will and his art collection — “one of the greatest collections of English paintings ever assembled” according to Sotheby’s — is now worth tens of millions of pounds.
In 1861, William Hesketh Lever, who became Viscount Leverhulme in 1922, only three years before his death, and his family were living in Wood Street, Bolton, By 1871, the Levers had moved to Manor Street, in Little Bolton.
Lever went on to become Mayor of Bolton in 1918-1919.
Lord Lloyd Webber is such an admirer of Dante Gabriel Rossetti’s work that he owns 18 Rossetti pictures and he even owns Rossetti’s armchair.
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