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Art Market

‘Anyone who is interested in the Renaissance should be interested in medals’

9 October 2017

Last year, the Frick Collection in New York accepted the largest gift in its history, part of the most significant private collection of portrait medals in the world. This summer the exhibition ‘The Pursuit of Immortality: Masterpieces from the Scher Collection of Portrait Medals’ (until 10 September) displays around 130 of the finest examples, patiently acquired over six decades by Stephen K. Scher and his wife, Janie Woo Scher. It comes soon after ‘Renaissance Portrait Medals from the Robert Lehman Collection’ at Metropolitan Museum of Art. Both shows spotlight a significant, often overlooked, art form, which has attracted passionate and scholarly collectors since the Italian Renaissance. As Scher commented in a recent lecture: ‘The Italian Renaissance portrait medal expresses the character and aspirations of the period to perfection, transmitting within a small yet complex object the fierce pride and self-conscious dignity of Renaissance man.’

Today, these potent objects, which reached a peak of artistry in Europe between 1400 and 1700, are still sought after. Just last June at Christie’s Paris, a rare gold medal of Louis XIV by the sculptor Jean Warin (1607–72), which specialist Milo Dickinson suggests ‘was almost certainly given to Jean-Théobald de Reinach-Hirtzbach by the king himself’, attracted ‘major interest from museums and private clients’. It eventually sold for €98,500 to the Bibliothèque Nationale de France.

Where coins, as legal tender, are struck by mints with materials, size and imagery fiercely regulated, medals can be cast or struck by individuals in any suitably robust medium, in any size, in any kind of workshop, and have attracted the skills of painters, printmakers, silversmiths, and sculptors alike. The portrait medal, pioneered in antiquity, re-emerged as a distinct art form in Renaissance Europe, a response to the revival of interest in classical civilisations and as an expression of a new secular individualism. In 1390 a medal was struck celebrating the recapture of Padua by Francesco Novello da Carrara, bearing a realistic profile image, in a design modelled on a Roman sestertius. It was so notable an innovation that by 1402 Jean, duc de Berry, had obtained a lead cast copy for his collection. Jean de Berry also owned various contemporary French medals, including two surviving examples depicting Emperors Constantine and Heraclius, possibly by the Limbourg brothers.

The true birth of the Renaissance portrait medal, however, is usually dated to 1438, the year the northern Italian court painter Pisanello (c. 1394–1455) created the bold, beautiful medal depicting the Byzantine Emperor John VIII Palaeologus, who was at that time visiting Ferrara to gain Western support. Further medals from the 1440s – of Francesco I Sforza, Filippo Maria Visconti, Leonello d’Este, Gianfrancesco Gonzaga and other Italian princes – sealed Pisanello’s reputation not only for forceful likenesses, but also for the elegant execution of the reverses, with their abstruse symbolism. From Pisanello the fashion for medals spread quickly throughout Italy, with leading followers including Matteo de’ Pasti (active 1441–68), who worked for the Malatesta family. Separate schools were established in Germany, Holland and France, where, in the 17th century, the Sun King Louis XIV saw the potential of this portable and durable medium for perpetuating his glory forever, in standardising medal production put an end to its early engaging diversity. In England it seems Nicholas Hilliard’s preference for the portrait miniature subdued the development of a native tradition. 

‘Anyone who is interested in the Renaissance should be interested in medals,’ says Tom Eden, founder of London’s specialist coin and medal auctioneers, Morton & Eden. As well as vivid likenesses of key historical figures, the designs of the reverses express the priorities of the day – whether commemorating battles, mocking political or religious opponents (as in fervently Protestant Holland), or sharing arcane wisdom. Eden remarks that this is a market led by collectors and not by dealers; few specialise in this field where very rare originals or very early casts of well-known pieces can fetch hundreds of thousands but late casts or lesser medals cost as little as £100. Like numismatics generally, with which it is allied, it is a collecting field for connoisseurs prepared to focus on the tiny technical details of the physical objects as well as their aesthetic qualities and historical significances.

Early Italian medals were made by modelling in wax to produce a mould, which could then be used to cast, while in Germany, first Albrecht Dürer and then others carved directly into wood or stone. Struck medals, like coins, tend to have a sharper image than cast medals. Most originals or fine early casts are in museum collections. When it comes to later casts, this market offers younger collectors a great opportunity to acquire works by some of the greatest artists of the Renaissance at accessible price points. ‘Collectors are looking for the most famous medals by the most celebrated artists,’ says Milo Dickinson, ‘such as Pisanello’s medal of Leonello d’Este, Matteo de’ Pasti’s portrayal of Isotta degli Atti, or Hans Reinhardt the Elder’s Trinity medal, as well as images of historical figures, such as members of the Medici family.’

At the 2009 Morton & Eden sale of the Lawrence Stack collection, the top lot was one of only two examples known in gold of Jacopo da Trezzo’s (c. 1514–89) medal of Mary Tudor (£276,000). One of the most important medals of the northern Renaissance, Dürer’s medal dedicated to Charles V, Holy Roman Emperor, minted by Nuremberg’s mint master Hans Krafft the Elder (1481–1542) in 1521, of which only 12 silver examples are known, fetched £258,750. ‘The medals from the age of Dürer in Germany, by sculptors such as Hans Reinhardt and Hans Schwarz, have a crispness of form and technical virtuosity that is much admired,’ comments Dickinson. The landmark sale in 2010 at Baldwin’s in London of the Michael Hall collection saw Pisanello’s 1447 original cast bronze medal depicting Cecilia Gonzaga achieve £64,900, while a rare version of the amazingly elaborate 1544 Trinity silver medal produced by Hans Reinhardt the Elder, a goldsmith rather than a woodcarver, fetched £56,640. But these are exceptional prices for the rarest prizes.

Today, London dealer Benjamin Proust has available a beautiful Pisanello bronze medal of Leonello d’Este with a three-faced putto on the reverse, which he showed at TEFAF Maastricht (around £6,500), while Kunstkammer Georg Laue offers a bronze medal with the portrait of Swiss Protestant reformer Ulrich Zwingli by Nuremberg sculptor Georg Schweigger (1613–90; €14,000). Dutch dealer Joseph Estié of Salomon Stodel, meanwhile, has a fine French medal from 1630 by Warin of Cardinal Richelieu, with an allegorical scene of France in triumph on the reverse (€2,900). Paul Bosco, based in New York, specialises in medals of all kinds. He says of his largely European and North American clientele: ‘The best collectors are aware how hard it is to get any good Renaissance piece, and will add to their collections as opportunities permit.’ Just last year Morton & Eden held a mixed sale including medals once owned by Timothy Clifford, former director of the National Galleries of Scotland, with many affordable examples.

Portrait medal of Ulrich Zwingli (1638), Georg Schweigger. Kunstkammer Georg Laue, €14,000

Portrait medal of Ulrich Zwingli (1638), Georg Schweigger. Kunstkammer Georg Laue, €14,000

From the September 2017 issue of Apollo. Preview and subscribe here.