Kelly Crow focuses on the once-hot market for weathervanes that animated the Americana auctions. Some Weathervanes still sold last week but . . .
Weathervane prices peaked four years ago when Sotheby’s sold a 6-foot weathervane of an American Indian for a record $5.6 million. The auction house only sold $7.7 million of Americana all last year, and this spring prices were still off by a third[….] On Thursday, Sotheby’s Americana sale brought in a disappointing $3.6 million, below its $3.8 million low estimate. Of the five weathervanes they priced between $5,000 and $200,000, three failed to sell.
As Sales Indicator, Weathervanes Spin Around (WSJ)