PHILADELPHIA, PA.- Freemans
announced the results of its exceptional December 5 American Art and Pennsylvania Impressionists auction, which set multiple world records across categories and included the white-glove sale of the distinguished Collection of Virginia and Stuart Peltz. The 119-lot auction realized $5.15M total, with an overall sell-through rate of 89%, and delighted international collectors, with 48% of winning bidders using online bidding platforms.
Sundays sale nearly equaled last Decembersthe highest-grossing sale of American Art in Freemans history, says Alasdair Nichol, Freemans Chairman. We are delighted to build on such successes, and I am particularly pleased that the sale of the Peltz Collection exceeded all of ourand theirexpectations. We already have promising leads and are looking forward to our next American Art and Pennsylvania Impressionists auction.
Were very pleased with Sundays result, which confirms the strength of the market, adds Head of Sale Raphaël Chatroux. The Peltz Collection brought incredibly fresh works to market, and its success demonstrates two areas in which Freemans excels: the market for Pennsylvania Impressionism and single-owner auctions.
WHITE-GLOVE HIGHLIGHT: THE COLLECTION OF VIRGINIA AND STUART PELTZ
The sale of the Collection of Virginia and Stuart Peltz achieved $1.4M and a 100% sell-through rate, a resounding single-owner success. The collection was led by Morgan Colts Butcher Wagon (Lot 52; estimate: $40,000-60,000), which achieved $100,800 and set a new world auction record for a work by Colt.
All works had never before appeared at auction, and generated considerable buyer interest, leading to excellent results like Daniel Garbers Up the River, Winter (Lot 55; estimate: $150,000-250,000), which sold for $252,000. Kenneth Nunamakers large, impressive canvas River Road at Centre Bridge achieved $201,600, likewise setting a world auction record for a work by the artist (Lot 63; estimate: $60,000-100,000), and Fern Coppedges December Afternoon (Carversville) achieved $226,800 (Lot 58; estimate: $80,000-120,000).
We are thrilled with the results of Sundays auction, say Virginia and Stuart Peltz, and we realize that even more than our substantial financial gains, we are so pleased to have worked with the Freemans team in bringing our art collection to auction. From our first conversations years ago until the gavel came down, we have had total confidence in Freemans power to maximize the outcome of the sale, and in the professionalism and kindness of the team.
FREEMANS EXPERTISE IN PENNSYLVANIA IMPRESSIONISTS
In addition to the success of the Peltz Collection, Sundays auction featured marquee sales of Pennsylvania Impressionists, led by the auction highlight of Daniel Garbers Sycamores (Lot 94; estimate: $300,000-500,000), an impressive work that is one of the last large-scale canvases completed by the artist, which sold for $390,600. Several works by Edward Redfield confirmed market strength for works by the artist, including Abandoned Road, which nearly doubled its pre-sale high estimate to achieve $352,800 (Lot 89; estimate: $120,000-180,000), and Sleighing by the River near Centre Bridge, which sold for $138,600 (Lot 79; estimate: $120,000-180,000).
American Art and Pennsylvania Impressionists was a triumph for women artists: the six paintings offered by Fern Coppedge achieved $718,200 overall, and several works by Mary Elizabeth Price commanded impressive results, including Mallow and Lily (Lot 101; estimate: $60,000-100,000), which sold for $107,100, and Cheerful Barge 269 (Lot 102; estimate: $50,000-80,000), which achieved $56,700.
STRONG MARKET DEMAND FOR ILLUSTRATION ART
Sundays sale presented works by masters of Illustration Art, which elicited competitive bidding wars and drove prices well above their pre-sale estimates. Joseph F. Kernans Tying on a Fly (Saturday Evening Post Cover) (Lot 33; estimate: $25,000-40,000) achieved $126,000, the second-highest price for a work by Kernan at auction. This success was followed by Stevan Dohanoss Tying Flies (Saturday Evening Post Cover) (Lot 34; estimate: $25,000-40,000), which sold for an impressive $252,000an auction record for work by Dohanos.
NOTABLE HIGHLIGHTS: WYETH, DE LUE, CARLES
The auction featured several works by the iconic, celebrated Wyeth family, including Jamie Wyeths Saltwater Ice, which achieved an impressive $226,800 (Lot 43; estimate: $200,000-300,000) and Apple Basket, which sold for $88,200 (Lot 50; estimate: $40,000-60,000). Donald de Lues bronze The Rocket Thrower set a new record for the artist, selling for $81,900 (Lot 47; estimate: $30,000-50,000).
Finally, Arthur Beecher Carless portrait Angèle sold for $25,200 and was purchased by Philadelphias Woodmere Art Museum (Lot 37; estimate: $20,000-30,000). Woodmere is thrilled to acquire Angèle says William R. Valerio, the Patricia Van Burch Allison Director and CEO of Woodmere Art Museum. It is an especially meaningful acquisition because Fredrica Wagman, who owned the painting for an extended period, was a friend and donor to Woodmere, and her parents were early, enthusiastic collectors of Carles; were happy to more fully celebrate the Wagman familys impressive, multi-generational legacy as collectors and supporters of Philadelphias artists.