Obscure Artist Stuns Auctioneers: Leonardo Guzzardi’s Portrait of Lord Nelson Sells 15 Times Estimate

Portrait of Admiral Lord Nelson by Leonardo Guzzardi © Bonhams

BY ALBERT CHEN

A rare portrait of Admiral Lord Nelson by the relatively obscure Italian artist Leonardo Guzzardi (1798-1800) has astounded the art world by selling for £94,380 ($120,000) at Bonhams Old Master Paintings auction in London on December 4. This result far exceeded its initial estimate of £6,000–£8,000 ($7600–$10,200), achieving over 15 times the anticipated value.

The striking portrait, painted in 1799, depicts Nelson in full naval dress, complete with the sash of the Order of the Bath, standing aboard a ship with a naval engagement unfolding in the background. Guzzardi’s work, long overshadowed by other depictions of Nelson, is notable for its raw and realistic portrayal of the war hero, emphasizing his battle scars and weathered appearance. The sale highlights not only Guzzardi’s rediscovery as an artist but also a growing trend among collectors showing heightened interest in works by lesser-known Old Masters.

Guzzardi, believed to have been associated with the Neapolitan Court during its exile to Palermo, captured Nelson in one of his most defining moments as a naval leader. While many artists of the time idealized Nelson, Guzzardi opted for a more candid approach, preserving the admiral’s humanity alongside his celebrated status. The dramatic backdrop of a naval conflict amplifies the historical gravitas of the piece.

This surprising sale underscores a shift in art investment trends, where collectors are increasingly seeking unique and historically significant works by overlooked artists. Guzzardi’s painting exemplifies this movement, demonstrating that even relatively obscure figures can command significant attention in today’s market. The portrait’s remarkable price is also a testament to the enduring fascination with Nelson, one of Britain’s most revered naval commanders, and the timeless appeal of Old Master artworks.

The auction result at Bonhams New Bond Street confirms a strong appetite for rediscovered gems and suggests that the allure of Old Masters, even from lesser-known artists, is gaining momentum in the art market.

BY ALBERT CHEN

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