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Accounts of auction

RA Collection: Archive

Reference code

SA/23/5

Title

Accounts of auction

Date

28 Feb 1763

Level

File

Extent & medium

3 pieces

Historical Background

A general meeting of 25 June 1762, held following the close of the exhibition, finalised details of a proposed sale of members' works left unsold. Twenty-three artists, including several of the leading names in the Society, allowed their works to be valued secretly by the Exhibition Committee, with any shortfall on sale to be made up from exhibition profits. The auction was held on 23 February 1763 at Langford's rooms in Covent Garden, and the result was a large loss to the Society, with many paintings failing to reach their estimates by large margins. The difference, totalling £122 15s 4d, resulted in the enforced sale of £150 of the Society's stock (minutes of Committee meeting, 28 February 1763).

Content Description

Accounts of the auction, giving itemised details of member's name, lots, sale price, deficiency and amount of cash paid, with totals. Examined, confirmed and signed by the members of the Exhibition Committee (including the Chairman George Lambert).

Associated Material

This description includes the next record in this series, SA/23/6.