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Vanderbilt Indian millefleurs carpet sells at Christie’s, London for £4.8 million.

Vanderbilt Indian

The Vanderbilt Star and Cross Lattice Carpet, Northern India, late 17th – first half 18th century. 3.84m x 4.11m, (12’7″ x 13′ 5½”). Christie’s, King Street, London, 8 October 2013, lot 50. Estimate £1.5-2 million

No Star like a good old Star: The Vanderbilt Indian pashmina millefleurs carpet at Christie’s, London.

Christie’s Oriental carpet sale at King Street on Tuesday 8 October 2013 was an affair of two unrelated parts. In one brief interlude featuring a protracted battle between two telephone bidders, lot 50, the drop-dead gorgeous North Indian star-lattice carpet that once belonged to the US tycoon Cornelius Vanderbilt, more than doubled its best pre-sale estimate to sell for £4,786,500 ($7,687,120). The remaining 169 lots (two were withdrawn) yielded just an additional £650,810 ($1,041,300), with long passages of inaction.

Unlike its two most recent appearances under the auctioneer’s hammer in the late 1990s in Wiesbaden (Rippon Boswell) and then New York (Christie’s), this time the Vanderbilt failed to set a new world record price at auction for an Oriental carpet. The price nevertheless represents an eight-fold increase from last time, slotting into third place behind the marks recently established by the Clark (Sotheby’s New York,) and Behague (Christie’s London) Kerman rugs.

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Top of the rest of the pile at King Street was lot 74, the beautiful fifth of a series of five ‘Beshir’ prayer rugs consigned by ‘an Asian collector’, which sold within estimate to the same buyer as the millefleurs carpet for £62,500 ($100,375). This price is a substantial loss for the consignor, falling short of its own world high price for an Ersari/Beshir/Middle Amu Darya prayer rug at auction of $118,125, paid by a European dealer in Gothenburg, Sweden, in 2009 (HALI 163, p.123). A second of the Beshir group, lot 72, the ‘unique’ blue-ground Richardson prayer rug, also sold mid-estimate to the same bidder, for £25,ooo ($40,150). It was last seen at Sotheby’s in New York as recently as 2010 for $56,250 (HALI 167, p.163).

Lot-74

Lot 74, Beshir Prayer Rug, Middle Amu Darya Region, early 19th century. 5ft 10in x 4ft 3in (178cm x 130cm). Christie’s London, 8/10/2013, Estimate £50,000-70,000, sold for £62,500.

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