Watercolor castle valued at $5.2 million

Watercolor castle valued at $5.2 millionWatercolour "Castle of Bamboo" painted by British artist William Turner exhibited at London auction Sotheby's with an estimate of 5.2 million dollars (ВЈ2.5 million). The work belongs to the family of American Industrialists of the Vanderbilts 1890-ies, according to Bloomberg. The auction will take place on 5 December 2007.The most expensive watercolor Turner ever sold under the hammer, it was worth 5.8 million pounds ($11 million). This record was set in 2006. In the same year, and oil painting British landscape painter set his record: one of his Venetian views was sold for $ 35.8 million in new York.In 2007, the work of Turner for the first time ceased to rise. The best private collection of his watercolors owned by a Belgian collector Baron Ullens, was sold within a conservative estimate of over 21.6 million dollars, and two valuable of the lot and remained unclaimed. Source: Watercolor castle valued at $5.2 million.

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