Rediscovered Canaletto Masterpiece Set to Fetch £5 Million at London Auction | Rare Venetian View Stuns Art World
Lost Canaletto Masterpiece Could Fetch £5 Million

In an extraordinary art world revelation, a stunning Canaletto painting that has remained out of public sight for generations is set to dazzle collectors at Sotheby's this autumn. The Venetian masterpiece, capturing the Grand Canal in all its 18th-century splendour, carries a pre-sale estimate of £4-6 million.

A Time Capsule from the Serene Republic

The artwork presents a remarkably preserved view of Venice during the 1730s, showcasing Canaletto's unparalleled ability to capture both architectural precision and atmospheric light. What makes this painting particularly exceptional is its pristine condition, having been carefully preserved in private collections since the 1920s.

Lord Mark Poltimore, Sotheby's senior specialist, described the discovery as "thrilling," noting that "the colours remain as fresh and vibrant as the day Canaletto laid down his brush."

The Artist Who Defined Venetian Views

Giovanni Antonio Canal, known as Canaletto (1697-1768), revolutionised view painting during his lifetime. His works became essential souvenirs for British aristocrats undertaking the Grand Tour, making his connection to the UK art market particularly significant.

This painting exemplifies Canaletto's middle period, when his technique reached its zenith. The composition features:

  • The Church of San Simeone Piccolo on the left
  • Palazzo Smith Mangilli Valmarana on the right
  • Traditional gondolas and working boats populating the canal
  • The distinctive Venetian light illuminating the architecture

A Rare Opportunity for Collectors

The painting's emergence comes at a time when major Canaletto works rarely appear on the market. "We've seen consistent demand for Canaletto's finest works, particularly those with such impeccable provenance," explained Poltimore.

The artwork will be featured in Sotheby's Old Masters Evening Sale in London this December, where international collectors are expected to compete fiercely for this rediscovered treasure.

For art historians and enthusiasts alike, this painting offers more than just financial value—it provides a perfectly preserved window into 18th-century Venice, captured by the artist who defined how we see the Floating City to this day.