Gainsborough’s finest takes a £65,000 loss
WAS it a case of not being market-fresh or a change in fashion that resulted in such a dramatic nose-dive in value for this black chalk, stump and watercolour, right, by Thomas Gainsborough (1727-1788), when it came up at Christie’s King Street on June 3? Against hopes of £40,000-60,000 it scraped home with a final bid of £35,000 (£41,825 with premium) from a private collector.
The sting in the tail for this Gainsborough drawing is that at its previous outing in the same rooms…