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News In Brief

Getty’s $100m Old Master purchase

Los Angeles’ J Paul Getty Museum has bought 16 Old Master drawings and an 18th century painting in its largest- ever purchase by value.

The drawings by artists including Michelangelo and Parmigianino were reportedly bought from the collection of 62-year-old businessman and collector, Luca Padulli, who acquired works at auction over the last 17 years through Old Master dealer Jean-Luc Baroni.

The single painting was La Surprise by Jean Antoine Watteau (1684-1721), which sold at Christie’s in London in 2008 for a premium-inclusive £12.4m.

The total price of the Getty purchase was reported at over $100m. However, the museum would only confirm that it is the biggest in “terms of financial value”.

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About Antiques Trade Gazette

Antiques Trade Gazette is the essential publication for everyone with a serious interest in art, antiques and collectables. Every week it is packed with up-to-the-minute news on the market, with individual items beautifully illustrated throughout. Since 1971 it has been the most reliable source of information on what is really happening at auctions in the UK and around the world. Each issue is filled with auction advertisements and detailed auction reports written by expert journalists. The Dealer’s Diary section keeps readers constantly updated on what is happening at the fairs and markets and in the galleries and shops. Market professionals and serious collectors throughout the world rely on ATG to keep them informed on developments and issues which shape the art market. It is here that they learn about the prices achieved at auction in every area - from antiquities to pop memorabilia, from impressionist paintings to Chinese art. With 500 or more art objects pictured, every issue is a treat to the eye and a visual education. Whatever the topic Antiques Trade Gazette is well-informed, up-to-date and entertaining.

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