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American Art Sales = $76.1m

May 24, 2018 by Marion Maneker

The American art auctions held in the aftermath of the May marquee sales in New York posted some decent numbers this week. That comes after a massive $106m spent on American art during the Rockefeller auctions. We’ll try to put together a global analysis of the American art sales including Rockefeller lots along with Christie’s and Sotheby’s American sales for AMMpro subscribers. In the meantime, the two sales together were $76.1m in total with 77% of the 193 lots sold. About a quarter of the lots sold for prices above the high estimate. The lot most competed over was a Daniel Chester French painting of George Washington originally estimated at $40-60k that sold for $187,500.

Christie’s American Art = $76.8m

December 6, 2013 by Marion Maneker

Edward Hopper, East Wind Over Weehawken $40.4m

Christie's American Art 1213

Hopper Sale to Fund Contemporary Purchases

August 28, 2013 by Marion Maneker

Edward Hopper, East Wind over Weehawken ($22-28m)

The Pennsylvania Academy of Fine Arts is selling this Edward Hopper painting,  East Wind over Weehawken (1934), in December at Christie’s with an estimate of $22-28m following the $19m sale of Hopper’s “Blackwell’s Island” which was in turn picked up by the Crystal Bridges Museum. PAFA is keeping its other Hopper painting, Apartment Houses, which was the artist’s first work to be acquired by a museum and using the proceeds from East Wind over Weehawken to bulk up the endowment and purchase contemporary art.

The museum’s director, Harry Philbrick, wrote in PAFA’s press release:

“We are going back to our tradition of actively collecting contemporary art. Just as we purchased Apartment Houses when Hopper was still an emerging artist, we will use the proceeds from the endowment to build a broad base of the works of today’s emerging and mid-career artists, and tomorrow’s.”

He told the New York Times:

Mr. Philbrick said that if the work fetches its estimate, it will quintuple the funds generated annually for the purchase of art. About 25 percent of the endowment will be dedicated to filling gaps in the collection of historic art, but around three quarters of new investments will be in contemporary art.

The main focus will be American painting and sculpture, Mr. Philbrick said, but “we will be looking to buy significant works across various mediums.” The museum recently added a Bill Viola video installation to its collection.

Pennsylvania Museum Selling a Hopper to Raise Endowment for Contemporary Art (ArtsBeat/NYTimes)

Christie’s American Paintings = $27.2m

May 22, 2012 by Marion Maneker

  1. Mary Cassatt, Sara Holding a Cat ($800-1.2m) $2.5m
  2. Frederick Carl Frieseke, Foxgloves ($1-1.5m) $2.2m
  3. Georgia O’Keeffe, Deer Horns ($1.2-1.8m) $1.9m
  4. Robert Frederick Blum, Venetian Gondoliers ($500-700k) $1.1m.jpeg
  5. Milton Avery, Adolescent ($400-600k) $1.022m
  6. Georgia O’Keeffe, Lake George in Woods ($300-500k) $902,500
  7. Martin Johnson Heade, Hummingbird and Two Types of Orchids ($600-800k) $818,500
  8. Milton Avery, Nude ($250-350k) $722,500.
  9. Milton Avery, Three Figures and a Dog ($400-600k) $662,500
  10. Guy Rose, Tamarisk Trees, Southern France ($250-350k) $458,500

Sotheby’s American Art = $34.8m

May 21, 2012 by Marion Maneker

  1. Edward Hopper, Bridle Path ($5-7m) $10.38m
  2. Frederic Remington, A Halt ($800-1.2m) $2.77m
  3. Andrew Wyeth, Jacklight ($600-900k) $1.538m
  4. Martin Johnson Heade, A Pair of Nesting Crimson Topaz Hummingbirds ($400-600k) $1.022m
  5. Elie Nadelman, Horse ($200-300k) $842,500
  6. David Johnson, View from New Windsor, Hudson River ($300-500k) $722,500
  7. Milton Avery, Girl with Telephone ($200-300k) $692,500
  8. Thomas Hart Benton, Rice Threshing ($250-350k) $602,500
  9. Frederic Remington, A Critical Moment ($120-180k) $362,500
  10. Niles Spencer, In Fairmont ($100-150k) $332,500
  11. Thomas Moran, Venice ($60-80k) $158,500
  12. Hermon Atkins Macneil, The Sun Vow ($40-60k) $122,500
  13. Yasuo Kuniyoshi, Cape Cod ($20-30k) $116,500
  14. Anna Mary Robertson Moses, Saddle Bags ($40-60k) $110,500
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