TORONTO.- Heffel Fine Art Auction House
, Canadas art market leader, held its semi-annual live auction featuring more than 100 museum-quality works. Outstanding examples by Lawren Harris, Josef Albers and Jack Bush highlighted the sale, propelling the fall auction total to a noteworthy $15 million. The success of this fall auction validates Canadas position as a leader in the global art market with international sellers and buyers competing for top works. (All prices are in Canadian dollars and include a buyer's premium.)
International interest for Lawren Harriss highly anticipated Mountains East of Maligne Lake propelled the canvas to an impressive $3,001,250. Consigned from an important private collection in England, the extensive exhibition history and sought-after subject matter factored into its successful sale. Inclusive of todays auction, Heffel has sold 336 works by Harris totalling more than $90 million.
This has been a huge year for art auctions globally, and this sale was no exception, said Robert Heffel, Vice President of Heffel Fine Art Auction House. Now more than ever, Canada is as dominant as any other market and Heffel is proud to be at the forefront of this evolution.
Noteworthy results from the Fall 2017 Live Auction
Lawren Harriss iconic canvas Mountains East of Maligne Lake sold for an impressive $3,001,250 (est. $2,500,000 3,500,000).
Significant oil on board works by Harris were also offered in the fall sale, including Morin Island, Eclipse Sound, North Baffin Island, Arctic Painting XXXVI which sold for $1,261,250 (est. $700,000 900,000) and Cathedral Mountain from Yoho Valley, Mountain Sketch LXXXVI which sold for $931,250 (est. $800,000 1,000,000).
Three commanding canvases by Jack Bush were led by Winged Totem, which sold for $601,250 (est. $250,000 350,000). Still and 3 on Purple also exceeded presale estimates, and achieved $361,250 and $391,250, respectively.
James Wilson Morrices serene La petite plage de St-Malo sold for $481,250 demonstrating the continued strength in the Quebec impressionist market (est. $80,000 120,000).
A small, iconic work by German artist, Josef Albers garnered global interest in todays sale. Participation from a number of bidders on the phones and in the Toronto auction room drove Study for Homage to the Square: New Garland to a price of $ 337,250 (est. $80,000 100,000).
Composition 10, a work from Lawren Harriss transformative period of abstraction sold for $337,250 (est. $300,000 400,000). The canvas has been exhibited extensively throughout North America and is included in a range of important literature.
On the heels of Heffels record-breaking sale in May, Jean Paul Riopelles stunning 1953 canvas, Composition fetched $481,250 (est. $400,000 600,000).
Works by members of the Group of Seven were offered in the fall sale, including A.J. Cassons geometric and spectacular Old Lumber Village. The canvas sold for a notable $361,250 (est. $200,000 300,000).
Significant interest in Emily Carrs early watercolour Indian Encampment, Vancouver drove the sale price to four times its presale estimate at $229,250 (est. $50,000 70,000). Carrs later work, Beach Below Royal Roads Training School, Albert Head, Victoria, BC also doubled its estimate and sold for $325,250 (est. $125,000 175,000).
Heffel is currently accepting consignments for the spring 2018 live auction in Toronto, inclusive of international works of art. The deadline for spring consignments is February 28, 2018.