Keno Auctions had a good sale on Park Avenue last week beating their own estimate range and selling some great finds for serious money, including the Drake Chest discovered in Upstate New York by Leigh Keno and his father Ron:
The combined morning and afternoon sessions of Keno Auctions’ Important Americana, Paintings, Furniture and Decorative Arts Sale and The PeterBrams Collection of Important Woodlands Indian Art with a combined pre-sale estimate of $1.9 million/$3.3 million exceeded its high estimate by $300,000, achieving more than $3.6 million. It became the most successful one-day sale in the young auction house’s history and set the tone for the upcoming May 15 and fall 2012 sales at Keno Auctions. The Important Americana sale fetched remarkable prices for star lots with 80% sold by lot and totaling $2,626,000; two new world auction records were established for a 17th century joined chest and a Federal painted table, which led the sale. The afternoon session was dedicated to the landmark auction of property from the iconic collection of Peter Brams. The single owner sale was a tribute to the discerning eye of this celebrated inveterate collector, with 81% sold by lot totaling $889,900 and saw a world record set for a Native American effigy ladle.