CHRISTIE'S TO SELL STUBBS PAINTING FOR ESTIMATED £20 MILLION

CHRISTIE'S WILL OFFER A GEORGE STUBBS HORSE PAINTING FOR SALE IN LONDON ON 5.JULY AND EXPECTS IT TO MAKE MORE THAN £20 MILLION, POTENTIALLY PUTTING IT IN THE OLD MASTERS AUCTION ELITE. 'GIMCRACK ON NEWMARKET HEATH, WITH A TRAINER, A STABLE-LAD, AND A JOCKEY' WAS PAINTED BY STUBBS, RENOWNED FOR HIS ANATOMICALLY PRECISE PORTRAYALS OF HORSES, IN 1765, AND IS DESCRIBED BY THE AUCTIONEER AS 'A TRUE MASTERPIECE'. IT DEPICTS GIMCRACK, ONE OF THE MOST ADMIRED 18th CENTURY RACEHORSES WHICH WON 28 OF HIS 36 RACES AND FINISHED UNPLACED ONLY ONCE. THE PAINTING SHOWS GIMCRACK TWICE, IN THE BACKGROUND WINNING A 'TRIAL' AND IN THE FOREGROUND WITH HIS TRAINER AND JOCKEY, A STABLE LAD RUBBING HIM DOWN. SHOULD THE PAINTING EXCEED PRE-SALE EXPECTATIONS, IT WOULD PLACE STUBBS AMONG THE MOST VALUABLE OLD MASTER PAINTERS IN AUCTION HISTORY, ACCORDING TO CHRISTIE'S. THE MOST EXPENSIVE OLD MASTER PAINTING AT AUCTION REMAINS 'THE MASSACRE OF THE INNOCENTS' BY PETER PAUL RUBENS WHICH FETCHED £49.5 AT SOTHEBY'S IN 2002. THAT IS FOLLOWED BY TWO WORKS BY J.M.W. TURNER, A PAINTING BY PONTORMO AND IN FIFTH PLACE, REMBRANDT'S 'PORTRAIT OF A MAN WITH ARMS AKIMBO' WHICH SOLD FOR £20.2 MILLION AT CHRISTIE'S IN 2009.