The Coeur d Alene Art Auction brought a strong total of over $30.5 million in sales, establishing the third-highest amount in the auctions 28-year history. Six lots sold for over $1 million and 39 items eclipsed the $100,000 mark. Numerous world-records were set. The single-largest event in the classic Western and American Art field saw over a 97 percent sales rate for the 314-lot auction on July 27, 2013.
The top price of the sale was achieved for Frederic Remingtons 1908 painting Cutting Out Pony Herds (A Stampede), which sold to a bidder in the room for $5,625,000. Finished a year before his death, this monumental piece is considered one of the most important Remingtons to come to market in the last ten years.
Norman Rockwells 1940 painting A Scout is Loyal fetched over $4.2 million. The final price is the highest for a Rockwell at auction in almost six years and sold to a bidder on the phone. It is one of a handful of his Scout paintings in private collections.
Works by contemporary artist Howard Terpning vastly exceeded expectations, surpassing $1 million each on two lots. With a presale estimate of $600,000-900,000, Telling of Legends sold for over $1.7 million. With a final price of just over $1 million, Terpnings 1981 Shield of Her Husband outperformed presale estimates of $300,000-500,000.
A familiar name to the Coeur d Alene Art Auction, Charles Russells Buffalo Hunt #27 sold for north of $1 million. Consigned to the sale by family members of the original owner, the painting was estimated to sell for $600,000-900,000. Russells sculpture was also well represented, with The Bucker and Buckaroo selling for $438,750 against a $200,000-300,000 presale estimate. The Coeur d Alene Art Auction holds 9 of the top 10 prices ever paid for Russells works.
A crowd of over 800 enthusiastic Western Art buyers filled the Tuscany Ballroom at the Peppermill Hotel Resort in Reno. The Coeur d Alene Art Auction has specialized in the finest classical Western and American Art since 1985. The auction principals have over 100 years of collective experience in the field, and have netted their clients well over $250 million in the last decade.
For full results or further information, visit www.cdaartauction.com
or call 208.772.9009. The Coeur d Alene Art Auction has offices in Hayden, Idaho., Reno, Nevada., and Tucson, Arizona.