For Immediate Release Tuesday, 3 July 2012 Contact: Hannah Schweiger Matthew Paton hschweiger@christies.com mpaton@christies.

com +44 207 389 2964 +44 207 389 2965

REALISES RECORD TOTAL 85 MILLION / $133.4 MILLION / 105.7 MILLION

The Lock by John Constable sets a world record price for the artist at auction
selling for 22.4 million / $35.2 million / 27.8 million 17 works sell for over 1 million / 23 for over $1 million Artist records set include Van der Ast, Constable, Coorte, Lorenzetti, Wtewael and Zurbarn

OLD MASTER & BRITISH PAINTINGS

CHRISTIES EVENING AUCTION OF

London, 3 July 2012 Christies evening auction of Old Master and British Paintings realised 85,057,100 / $133,454,590/ 105,725,975, the highest ever total for the category. The sale was 84% sold by lot and 96% by value. The top price was paid for The Lock, a masterpiece by John Constable (1776-1837) which realised 22,441,250/ $35,210,321/ 27,894,474 - a world record price for the artist at auction (estimate: 20 million to 25 million).

Richard Knight, co-Chairman of Old Master and British Paintings Department and Georgina Wilsenach, Head of Old Master & British Paintings at Christies London: This evening we offered an auction of outstanding quality and saw the market for Old Masters continue to break boundaries. Having been entrusted with so many exceptional consignments, highlights of the auction were exhibited in Doha, Hong Kong, Moscow, Amsterdam, New York and then London, alongside masterpieces of Impressionist, Modern and Contemporary art. This evenings sale went on to attract buyers from 22 countries in 4 continents, many of whom were new to this category, and some whom were new to Christies altogether. We are thrilled that John Constables The Lock sold for 22.4 million, setting a new world record price for the artist and equalling the record price for any Old Master painting sold at Christies. We are also very pleased that the Pieter and Olga Dreesmann Collection realised a total of 25.3 million / $39.7 million / 31.5 million, with every work finding a buyer and led by Rembrandts A Man in a Gorget and Cap. The top price was paid for The Lock, a masterpiece by John Constable (1776-1837) which realised 22,441,250/ $35,210,321/ 27,894,474, setting a world record price for the artist at auction and equalling the record price for an Old Master Painting sold at Christie's* (estimate: 20 million to 25 million). Acquired by an anonymous buyer, it is one of six paintings from the artists most celebrated series of large scale works - The Stour Series - which also includes The Hay Wain, now in The National Gallery, London. From the Collection of Baroness Carmen Thyssen-Bornemisza, it had been sold only once before since it was acquired from the artist and is remarkable for its excellent state of preservation.

Highlights of the auction: A Man in a Gorget and Cap, 1626/27, by Rembrandt Harmensz van Rijn (1606-1669) was offered from The Pieter and Olga Dreesmann Collection of Dutch Old Master Paintings and realised 8,441,250/ $13,244,321/ 10,492,474 (estimate: 8 million -12 million). This remarkable panel by the artist captivates the viewer with an intensity that far exceeds its neat dimensions; it measures 15 x 11 inches (39.8 x 29.4cm). The work presents a masterful treatment of light to create drama, achieved in part by Rembrandts use of chiaroscuro, pointing to the influence of Caravaggio, to whom he is clearly indebted in terms of style in this work. Beautifully preserved and richly painted, the artist employs a subtle range of rich colours; the sharp light falling on the steel of the gorget imbues the subject with a startling reality and presence. This work was exhibited in the Rembrandt/Caravaggio exhibition staged by The Rijksmuseum, Amsterdam, in 2006.

- Christ between Saints Paul and Peter, a previously unpublished work by Pietro Lorenzetti (circa 1306-45) sold for 5,081,250/ $7,972,481/ 6,315,994 - a world record price for the artist at auction (estimate: 1 million to 1.5 million). Recognised as a mature work by the artist, it is exceptionally rare as it dated to the early trecento before 1320. This work has not been subject to restoration in modern times and is believed to be the predella below the Madonna and Child enthroned with a Donar at the Philadelphia Museum of Art, which is stylistically very similar.

- Mars and Venus Surprised by Vulcan, 1610, an unpublished and previously unknown copper panel, by Joachim Anthonisz. Wtewael (1566-1638) realised 4,633,250/ $7,269,569/ 5,759,130, setting a world record price for the artist at auction (estimate: 2 million to 4 million). This is recognized as an indisputable masterpiece of Wtewaels art, and among the greatest and most characteristic examples of the final phase of Dutch Mannerist painting. A remarkable tale of discovery, this work was offered from the Property of a French Noble Family having been found in storage during a routine Christies valuation. Ingeniously conceived, inventively and audaciously designed it is executed in a highly polished miniaturist style. The painting ideally embodies the full scope of Wtewaels accomplishment. The untouched state of conservation allows every nuance of its refined finish to be read as the artist intended. A Calm - A smalschip and a kaag at anchor with an English man-o'-war beyond by Willem van de Velde II, from The Pieter and Olga Dreesmann Collection of Dutch Old Master Paintings realised 4,073,250/ $6,390,929/ 5,063,050 (estimate: 2.5 million 3.5 million). In superb condition and offered at auction for the first time in over 15 years, this poetic work beautifully captures the movement and reflections of both light and clouds on calm water. Exemplifying Van de Veldes technical excellence, the work has a particularly distinguished provenance having formerly been in the collection of the Rothschilds and latterly that of Enrico Fattorini. It is a masterpiece of its kind.

- A view of Assendelft, 1634, by Pieter Jansz. Saenredam (1597-1665) realised 3,737,250/ $5,863,745/ 4,645,402 a world record price for the artist at auction (estimate: 400,000-600,000). This is an extraordinary and highly significant rediscovery and addition to the oeuvre of the most important architectural painter in seventeenth-century Holland. Fewer than sixty paintings by the artist are known, of which the vast majority in contrast with the present work - are his distinctive, stark, church interiors.
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Images available on request Visit Christies Web site at www.christies.com

* The record price for an Old Master Painting sold at Christie's is shared with Gimcrack on Newmarket Heath, with a Trainer, a Stable-Lad, and a Jockey by George Stubbs which sold for 22,441,250 at Christies London on 5 July 2011

Old Master & British Paintings Evening Sale London Tuesday, 3 July 2012 Sale no: 5602 Top Ten [All sold prices include buyers premium] Sold: 85,057,100 Lots Sold: 54 Lots Offered: 64 Exchange Rate:= $1.569 / 1.243 $133,454,590 Sold by Lot: 84% 105,725,975 Sold by : 96%

Lot

Description John Constable, R.A. (East Bergholt, Suffolk 17761837 London), The Lock WORLD RECORD PRICE FOR THE ARTIST AT AUCTION Rembrandt Harmensz. van Rijn (Leiden 1606-1669 Amsterdam), A man in a gorget and cap Pietro Lorenzetti (active Siena, circa 1306-45), Christ between Saints Paul and Peter WORLD RECORD PRICE FOR THE ARTIST AT AUCTION Joachim Anthonisz. Wtewael (Utrecht 1566-1638), Mars and Venus Surprised by Vulcan, 1610 WORLD RECORD PRICE FOR THE ARTIST AT AUCTION Willem van de Velde II (Leiden 1633-1707 London), A Calm - A smalschip and a kaag at anchor with an English man-o'-war beyond Pieter Jansz. Saenredam (Assendelft 1597-1665 Haarlem), A view of Assendelft, 1634 WORLD RECORD PRICE FOR THE ARTIST AT AUCTION Jan Davidsz. de Heem (Utrecht 1606-1684 Antwerp) Flowers in a glass vase on a draped table, with a silver tazza, fruit, insects and birds Juan de Zurbarn (Llerena 1620-1649 Seville) Apples in a wicker basket, an opened pomegranate on a silver plate and roses, irises and other flowers in a glass vase, on a stone ledge WORLD RECORD PRICE FOR THE ARTIST AT AUCTION Balthasar van der Ast (Middelburg ?1593/4-1657 Delft), Flowers, shells and insects on a stone ledge WORLD RECORD PRICE FOR THE ARTIST AT AUCTION Pieter Brueghel II (Brussels 1564/5-1637/8 Antwerp), Summer: The Harvesters, 1623

Estimate ()

Purchase Price 22,441,250 $35,210,321 27,894,474 8,441,250 $13,244,321 10,492,474 5,081,250 $7,972,481 6,315,994 4,633,250 $7,269,569 5,759,130 4,073,250 $6,390,929 5,063,050 3,737,250 $5,863,745 4,645,402 3,009,250 $4,721,513 3,740,498 2,729,250 $4,282,193 3,392,458

Buyer

37

20,000,000 25,000,000 8,000,000 12,000,000 1,000,000 1,500,000

Anonymous

24

Asian Private

28

Anonymous

2,000,000 4,000,000 2,500,000 3,500,000 400,000 - 600,000 1,200,000 1,800,000

Private

18

Private

14

European Trade

43

Anonymous

55

2,500,000 3,500,000

Anonymous

17

800,000 1,200,000 2,000,000 3,000,000

2,617,250 $4,106,465 3,253,242 2,393,250 $3,755,009 2,974,810

Anonymous

41

European Trade

Comment: See separate release Press Contact: Hannah Schweiger +44 207 389 2964 hschweiger@christies.com

Old Master & Early British Drawings and Watercolours London Tuesday, 3 July 2012 Sale no: 5688 Top Ten [All sold prices include buyers premium] Sold: 4,164,900 Lots Sold: 139 Lots Offered: 165 Exchange Rate:= $1.569/1.243 Lot Description JOHN MARTIN (HEYDON BRIDGE, NORTHUMBERLAND 1789-1854 DOUGLAS, ISLE OF MAN), The Destruction Of Pharaohs Host, 1836 WORLD AUCTION RECORD FOR A WATERCOLOUR BY THE ARTIST ISAAC OLIVER (ROUEN 1556-1617 LONDON) Elizabeth I and the Three Goddesses MICHELANGELO ANSELMI (LUCCA 1491-1554 PARMA), Putti dancing with hoops: a cartoon for the Cathedral in Parma WORLD AUCTION RECORD FOR A DRAWING BY THE ARTIST Charles de La Fosse (Paris 1636-1716), A mounted soldier, seen from behind WORLD AUCTION RECORD FOR A DRAWING BY THE ARTIST Rosalba Carriera (Venice 1675-1757), Portrait of Lord Sidney Beauclerk (1703-1744), half-length, in a grey velvet coat and white stock CASPAR DAVID FRIEDRICH (GREIFSWALD 1774-1840 DRESDEN), White chalk cliffs on the island of Men, with a seated man GIOVANNI BATTISTA TIEPOLO (VENICE 1696-1770 MADRID), Figure studies for the fresco ceiling over the Neumann Staircase Pieter Lastman (Amsterdam 1583-1633), View of the Forum of Nerva from the Temple of Minerva, Rome, 1606 WORLD AUCTION RECORD FOR A DRAWING BY THE ARTIST REMBRANDT HARMENSZ. VAN RIJN (LEIDEN 1606-1669 AMSTERDAM), A blind beggar with a boy and a dog Adolph Menzel (Breslau, Silesia 1815-1905 Berlin), Soll Ich Offnen?: An elderly man in 16th-Century costume holding a jewel casket, 1867 $6,534,728 Sold by Lot: 84% 5,176,971 Sold by : 85% Purchase Price 758,050 $1,189,380 942,256 289,250 $453,833 359,538 277,250 $435,005 344,622 253,250 $397,349 314,790 229,250 $359,693 284,958 229,250 $359,693 284,958 181,250 $284,381 225,294 145,250 $227,897 180,546 133,250 $209,069 165,630 79,250 $124,343 98,508

Estimate ()

Buyer

139

300,000-500,000

Jean-Luc Baroni Ltd

43

40,000-60,000

Trade

150,000-250,000

Anonymous

68

20,000 - 30,000

Anonymous

76

120,000 180,000 200,000-300,000

Private

96

Private

33

100,000-150,000

Private

49

15,000 - 25,000

Anonymous

50

50,000-80,000

Private

107

35,000 - 45,000

Private

Comment: Benjamin Peronnet, International Head of Department, Old Master Drawings & Harriet Drummond, International Head of Department, British Drawings and Watercolours: The strong results achieved for the sale of Old Master & Early British Drawings & Watercolours are a testament to the continuing popularity of this collecting field with private collectors, museums and art dealers. Six world auction records were set for Old Master drawings and bidding was very strong throughout with a very high sold percentage for the category. We are especially pleased with the results achieved by the group of recently discovered drawings by Rembrandt and his circle, which fetched a combined total of 263,475, and by the prices achieved by the works of Isaac Oliver, Charles de La Fosse, and Michelangelo Anselmi. The dramatic watercolour by John Martin performed exceptionally well achieving the highest price ever paid for a watercolour by the artist and more than doubling its pre-sale estimate. The group of newly discovered Constables also far exceeded their pre-sale estimates, achieving a combined total of over 70,000. Early British and Golden Age drawings saw competitive bidding, realising 1,390,725, with superb prices throughout. These results augur extremely well for the sale of Andrew Wyld: Connoisseur Dealer Part I on Tuesday 10 July, which will be viewing in full from Friday 6 July (see dedicated press release here). Press Contact: Dernagh OLeary +44 207 389 2398 doleary@christies.com

Old Master & British Paintings Day Sale London Wednesday, 4 July 2012 Sale no: 5677 Top Ten [All sold prices include buyers premium] Sold: 4,441,150 Lots Sold: 71 Lots Offered: 121 Exchange Rate:= $1.567/1.242 $6,959,282 Sold by Lot: 59% 5,515,908 Sold by : 74%

Lot

Description Follower of Leonardo da Vinci, 16th century, 'La Columbine': Portrait of a woman as Flora Antoine Pesne (Paris 1683-1757 Berlin), Portrait of the artist's grandson Isaac de Moucheron (Amsterdam 1667-1744), A view of the Vatican, Rome Studio of Sir Anthony van Dyck (Antwerp 1599-1641 London), Portrait of Henry Jermyn, the future Lord Jermyn and Earl of St Albans (1605-1684) Bartholomeus van Bassen (The Hague c. 1590-1652) and Esaias van de Velde (Amsterdam 1587-1630 The Hague), An interior with elegant figures conversing, a child playing with a dog and a woman playing a harpsichord, 1629 David Vinckboons (Mechelen 1576-c. 1633 Amsterdam), The Whitsun Bride Francesco Guardi (Venice 1712-1793), A Venetian capriccio with a rustic tower by a lagoon, figures with cattle and sheep, a sailboat and a church beyond Hans Rottenhammer I (Munich 1564/5-1625 Augsburg), Venus and Cupid, 1622 Attributed to Jan Swart van Groningen (Groningen c. 1490/1500-after 1553 ?Antwerp), Adam and Eve in the Garden of Eden Salomon van Ruysdael (Naarden 1600/3-1670 Haarlem), A river estuary with figures pulling in their nets by a fort, wijdships at a footbridge and other vessels beyond, 1664

Estimate ()

Purchase Price 937,250 $1,468,671 1,164,065 181,250 $284,019 225,113 169,250 $265,215 210,209 163,250 $255,813 202,757 145,250 $227,607 180,401 133,250 $208,803 165,497 133,250 $208,803 165,497 121,250 $189,999 150,593 109,250 $171,195 135,689 103,250 $161,793 128,237

Buyer European Private

108

50,000 - 70,000

197

70,000 - 100,000

Anonymous

226

40,000 - 60,000

Private

178

60,000 - 80,000

U.S. Private

165

60,000 - 80,000

U.S. Trade

160

70,000 - 100,000

European Private

225

40,000 - 60,000

European Private

116

100,000 - 150,000

European Private

124

70,000 - 100,000

European Private

168

40,000 - 60,000

European Trade

Comment: Clementine Kerr, Specialist, Head of Day Sale: Nine of the top ten works exceeded their pre-sale estimates highlighting the appetite and demand for the rarest and the best. The top ten also represents all schools and periods of this category, demonstrating the continuing breadth of taste amongst our collectors. The top lot sparked an exciting bidding war between two very determined private buyers, resulting in an exceptional price for this captivating image. The sale as a whole saw notably strong Russian bidding, alongside interest from across Europe and the Americas. We are also particularly pleased with the significant price realised for a recently rediscovered work by de Moucheron, which was correctly reattributed to the artist by Christies specialists. We now look forward to the sale of Andrew Wyld: Connoisseur Dealer at Christies London on 10 July. Press Contact: Hannah Schweiger +44 207 389 2964 hschweiger@christies.com