The immediate impact of the sale will be felt in the art market, as it is expected to attract attention from collectors and institutions. The high estimate of £2 million for Vilhelm Hammershøi's "Interior of Woman Placing Branches in Vase on Table" (1900) is a testament to the growing demand for Scandinavian modern art.
The sale will also provide a artists to gain recognition, as the Lo considered one of the most significant private holdings of Danish art amassed in the US.
The Loeb collection was amassed by ambassador John L. Loeb, who served as the US ambassador to Denmark from1981 to 1983. The collection is notable for its depth and sensitivity, featuring works by some important Scandinavian modern artists.
The auctions will take place at Phillips' Berkeley Square HQ, Evarts, the Phillips' deputy chairman for praising "a collection of extraordinary depth The collection's focus on Danish art, particularly the work of Vilhelm Hammershøi, has helped bring renewed global attention to a school of painting>
Reactions to the sale have been positive, with Olivia Thornton, Phillips' deputy chairwoman and head of modern and contemporary art, Europe, stating that "this season, we are proud to offer a sale that brings together celebrated 20th and 21st-century artists, from the discerning eye of the collection of ambassador John L. Loeb, which foreground importance of Scandinavian
The sale is also significant of recent and forthcoming exhibitions at major such as the Buffalo AKG Arteler, the Metropolitan Museum of Art, and London's Dulwich Picture Gallery.
As the art market continues to evolve, the have a lasting impact on the market for modern and contemporary art, with collectors and institutions alike taking notice of the growing importance of Scandinavian modernism.
