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Rothschilds Liquidating Royal Heirlooms In Historic Auction

The Rothschild banking family is auctioning off furniture and artifacts which once belonged to European monarchies, according to Bloomberg, which calls the July 4th liquidation a “royal summer yard sale.”

Members of the storied clan, whose extravagant style influenced generations of the mega-rich, consigned about 57 lots to Christie’s July 4 auction in London. The trove is estimated at about 10 million pounds ($12.9 million). –Bloomberg

“There’s something mythical about the Rothschilds that’s attached to whatever they owned,” said New York interior designer Robert Couturier. “They created their own world of taste and elegance. There’s an abandon of luxury that few other families had.”

The ‘crown jewels’ of the collection are a pair of Flemish-made giltwood cabinets commissioned by King Philip V of Spain around the year 1713. They’re estimated to bring in 1.5 to 2.5 million pounds ($1.9 – $3.2 million US).

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