What's Happening?
Sotheby's has announced the auction of a Rembrandt drawing, 'Young Lion Resting,' from the Leiden Collection, owned by Thomas S. Kaplan and Daphne Recanati Kaplan. The drawing, estimated to fetch between
$15 million and $20 million, will be part of Sotheby's Old Masters sales in New York on February 4, 2026. Acquired in 2005, the drawing's ownership also includes Jonathan Ayers, a philanthropist and chairman of Panthera, a conservation organization. Proceeds from the sale will benefit Panthera, marking the 20th anniversary of the organization's founding. The drawing is considered one of the best Rembrandt works to enter the market in recent years, potentially attracting both private and institutional buyers.
Why It's Important?
The auction of 'Young Lion Resting' is significant as it highlights the enduring value and appeal of Old Master drawings, particularly those by Rembrandt. The sale is expected to set a new record for a Rembrandt drawing, surpassing the previous record of $3.7 million. This event underscores the robust market for high-value art and the potential for art sales to support philanthropic causes. The proceeds will aid Panthera's mission to conserve wild-cat species, demonstrating how art can contribute to environmental and conservation efforts. The auction also reflects the continued interest in and demand for works from the Leiden Collection, known for its rare and valuable pieces.
What's Next?
Before the auction, 'Young Lion Resting' will be exhibited globally, with stops in Paris, New York, London, Abu Dhabi, Hong Kong, and Saudi Arabia. This tour aims to generate interest and attract potential buyers. The auction itself will take place at Sotheby's new Breuer Building headquarters in Manhattan. The outcome of the sale could influence future auctions of Old Master drawings and impact the valuation of similar works. Additionally, the success of the auction may encourage other collectors to consider selling high-value pieces to support charitable causes.
Beyond the Headlines
The sale of 'Young Lion Resting' not only highlights the financial aspects of art auctions but also raises questions about the ethical responsibilities of art collectors. By using the proceeds for conservation efforts, the Kaplans and Ayers set a precedent for how art can be leveraged for social good. This approach may inspire other collectors to consider the broader impact of their collections. Furthermore, the global tour of the drawing emphasizes the cultural significance of art and its ability to engage diverse audiences worldwide.
