A print of a painting by King Charles III was sold for 10 times the estimated price. What was the detail that increased its value by a staggering amount?
A watercolor painting made by King Charles III in 2001 was sold at auction for 10 times the original estimate.
The work depicts the royal residence at Balmoral in Scotland and was sold framed and cased with a certificate.
The headline of the certificate says: A limited edition lithograph reproduced from the original watercolor by HRH The Prince of Wales (King Charles III).
Hamish Wilson, who officiated the event hosted by Bonhams (a famous auction house), said that in all his curatorial career, he has not seen so many bids submitted before an auction.
King Charles's Print Of A Painting Sold At Auction
King Charles's artwork was initially estimated at £600 (around 700 dollars) and eventually sold for £5,737 (around 6,500 dollars), according to CNN.
Bonhams' website indicates that the watercolor was signed and dated in pencil, accompanied by a certificate of authenticity. The sale, which took place online, included around 100 Balmoral paintings. The auctioneer started the bidding at £3,000 (around 3400 dollars).
Hamish Wilson indicated that interest in the sale could also be explained by the fact that Queen Elizabeth II died at Balmoral Castle.
The First Work Of Art By King Charles Offered At Auction
This is the first time a work by King Charles III has been offered at auction.
The new monarch is known for his love of painting, a passion he has already described as "one of the most relaxing and therapeutic exercises".
In January and February, there was even an exhibition of the then Prince of Wales' paintings in London. The works on display showed landscapes of Scotland and France.
Charles III admitted to The Scotsman magazine that "his early works were failures" while adding that painting allowed him to "revive parts of the soul that other activities cannot".
In 2016, the royal family relayed that since 1997 Charles III has raised £2 million from his work as a painter, donated to charities. The monarch sells lithographs of his watercolors in his Gloucestershire home shop.