Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Library Loses in Interest in Hassam Sale

February 28, 2011 by Marion Maneker

A town in Erie, Pennsylvania has a Childe Hassam painting in its local library. When the work was appraised at $5 million, folks were itching to sell. But a funny thing happened on the way to a de-accessioning:

Insiders now doubt that number. A comparable Hassam recently sold for just $700,000. Another was pulled from auction when the bidding stalled at $300,000.

“The early estimates of its value appear to be exaggerated,” said William Garvey, the president of the Jefferson Educational Society. He heads the library study group, which was formed by Erie County Executive Barry Grossman. The group has met twice. Members already have dismissed talk of selling the art, Garvey said.

“The collection does have substantial value,” he said. “But I don’t know that it’s high enough at this point to warrant a sale.”

Group not likely to recommend sale of Erie library paintings (Go Erie)

 

More from Art Market Monitor

  • Ohio College Makes $1.4m from StorageOhio College Makes $1.4m from Storage
  • National Academy Museum Out of the Penalty Box . . . Sort OfNational Academy Museum Out of the Penalty Box . . . Sort Of
  • Museum Quality on the CheapMuseum Quality on the Cheap
  • The Case for the Deaccessioning HardlineThe Case for the Deaccessioning Hardline
  • Map of DeaccessioningMap of Deaccessioning
  • Behind the Fisk-Crystal Bridges DealBehind the Fisk-Crystal Bridges Deal

Filed Under: General Tagged With: Deaccessioning

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Tony Podesta's Secret Art Buying
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • $10 M. Picasso Portrait Unseen for Decades to Sell at Bonhams
  • David Bowie Talks About Art (with Julian Schnabel)
  • Sotheby's Pulls in a $9m David Hockney for November
  • Lost Lempicka Discovered at Sotheby's
  • Vienna Secession Painting, Long Thought to Be Lost, Sets a Record at Auction
  • Roy Lichtenstein’s Top Ten Auction Prices
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor