The First Art Newspaper on the Net Established in 1996 United States Thursday, April 17, 2014


American Art achieves $34.8 million at Sotheby's led by Edward Hopper's "Bridle Path", sold for $10.4 million
The auction was led by Edward Hopper’s Bridle Path. Photo: Sotheby's.
NEW YORK, NY.- This morning’s auction of American Art at Sotheby’s New York totaled a strong $34,787,625, exceeding its high estimate of $28.4 million* and selling an exceptional 88.1% by lot. This marks the highest total for an American Art auction at Sotheby’s since May 2008, and the highest sell-through rate in this category since December 2004. Six of the 59 lots on offer brought prices over $1 million, and nearly 60% of all sold lots achieved results over their high estimates.

The auction was led by Edward Hopper’s Bridle Path, which was on offer from the San Francisco Museum of Modern Art and sold to benefit the acquisitions program. Four bidders in the room competed for the canvas – the first oil painting by Hopper to come to auction since Sotheby’s record sale of Hotel Window in 2006 – and drove the final price to a remarkable $10,386,500 (est. $5/7 million). This marks the third-highest price for the artist at auction, and the seventh-highest price achieved by any work of art in a public auction of American Art. Also highlighting today’s results was George Bellows’s 1920 canvas Tennis at Newport that sold for $7,026,500, meeting its high estimate. Sotheby’s now holds the top five auction prices for Bellows, of which this is the second.

“The market for American art showed many signs of strength and confidence this week, and we are thrilled with the results achieved today at Sotheby’s,” commented Elizabeth Goldberg, Head of Sotheby’s American Art department. “Private collectors, dealers, advisors and institutions participated in the auction, which saw top prices across the full range of styles and genres represented in this category – from Modern and Impressionist works to Western art and 19th century paintings. Buyers sought quality first and foremost, and we look forward to assembling an auction this fall that again offers such collecting opportunities.”

In addition to the Hopper and Bellows pictures, strong results were achieved this morning by Western paintings. Frederic Remington’s A Halt in the Wilderness from 1905 fetched the top price in the genre with $2,770,500, more than double its $1.2 million high estimate. In addition, all six pieces from the Collection of Margie and Robert E. Peterson were sold, totaling $1,833,750. The group was led by Charles Marion Russell’s The Tenderfoot, which sold for $932,500 (est. $600/900,000).

Other top prices in the auction further demonstrate the broad spectrum of works sought by collectors: Childe Hassam’s Impressionist picture In the Sun brought $1,986,500 (est. $1.5/2.5 million); Andrew Wyeth’s Jacklight from 1980 exceeded its high estimate of $900,000 by selling for $1,538,500; and the 19th century canvas A Pair of Nesting Crimson Topaz Hummingbirds by Martin Johnson Heade achieved $1,022,500 above a high estimate of $600,000.

*Pre-sale estimates do not include buyer’s premium



Today's News

May 18, 2012

Exhibition of masterpieces from the Musée National Picasso, Paris opens in Hong Kong

American Art achieves $34.8 million at Sotheby's led by Edward Hopper's "Bridle Path", sold for $10.4 million

Impressionism exhibition at the Carnegie Museum of Art recaptures the radical nature of the movement

New National Gallery acquisition: Sir Thomas Lawrence's "Portrait of the Hon. Emily Mary Lamb"

Christie's to offer Fernando Botero's visual citation of renowned Flemish Renaissance painting

International Center of Photography opens exhibition of the work by Christer Strömholm

The Morgan holds first exhibition of its celebrated collection of fifteenth and sixteenth century Venetian drawings

Exhibition of new work by by Marlène Mocquet opens at Haunch of Venison in New York

Doyle New York sets world auction records in American Art, European Art, and Modern & Contemporary Art

Over 120 Association of Art Museum Directors member museums celebrate Art Museum Day on May 18th

Baltimore Museum of Art receives major gift of works by artist Morris Louis

Second National Indigenous Art Triennial opens at the National Gallery of Australia, Canberra

Phillips de Pury & Company announces highlights from its New York Latin America sale

Artists create an embassy for a fictional pan-Asian empire at the National Gallery of Victoria

Major new commission by Richard Rigg, "A Clearing" opens at BALTIC

Qianlong Emperor's seal heads home after selling for 3.4 million at Bonhams

Newly discovered Tom Thomson fetches $126,500 at Maynards' Contemporary and Canadian Art Auction

California museum gets big gift to build shuttle exhibit

Huge Marilyn Monroe statue arrives in Palm Springs

Most Popular Last Seven Days



1.- 'World's oldest message in a bottle', tossed in sea 101 years ago, reaches granddaughter

2.- East-West/West-East: Qatar unveils desert sculpture by American artist Richard Serra

3.- Ming-era 'chicken cup' sells for $36.05 million breaking record for Chinese porcelain

4.- United States pastor Kevin Sutherland convicted over Damien Hirst fake paintings

5.- Major exhibition at Pinacothèque de Paris explores the myth of Cleopatra

6.- Fondation Vincent van Gogh Arles opens with inaugural exhibition "Van Gogh Live!"

7.- Landmark exhibition opens in New York exploring the ancient kingdoms of Southeast Asia

8.- Palm-sized scroll that mentions Jesus's wife is ancient: Harvard Theological Review

9.- Hitler's wife Eva Braun may have had Jewish ancestry: British television documentary

10.- Bonhams to sell Madame de Pompadour's favourite porcelain which surfaced in Devon after 350 years



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site