If you are an art collector and looking to invest in another beautiful masterpiece, make sure to be present at Christies Old Masters sale that will be held in London on July 6th. Some of the pieces to be featured at this sale include paintings from Princess Diana’s family estate. The paintings are being offered for sale as part of a £30 million ($45million) clear out of the Spencer family’s Althorp estate. Out of the paintings that the family is offering for sale, includes a painting by the Flemish master Peter Paul Ruben that has hung in the family home for more than 200 years. The painting, “A Commander being armed for Battle”, was painted in 1613 or 1614, and it is reported the bearded figure in the painting is Emperor Charles V. The 200 year-old painting is one of the most important works by the artist to remain in private hands. The painting said to be a museum quality masterpiece is expected to fetch between $12million and $18million. Another painting to be offered for sale by the Spencer family is “King David” by Baroque artist Il Guercino which is expected to fetch between $7.5 million and $12 million.
The trustee of the late Princess’s estate said the clear out is to ensure the financial future of the Althorp estate. So besides, highly priced and treasured paintings, the estate is also offering for sale various pieces of furniture, porcelain and horse-drawn carriages that have been collected over centuries.