|2013 CdA Art Auction Crowd, Peppermill Casino|
All the major paintings sold, and sold well. Frederic Remington's Cutting Out Pony Herds sold for $5,600,000, and Norman Rockwell's A Scout is Loyal sold for $4,280,000. Howard Terpning's Telling of Legends sold for $1,705,000 and Shield of Her Husband sold for $1,033,000. The Charles Russell market continues to be very strong, as works by the Cowboy Artist achieved 5 out of the top 10 prices in the sale. Here's a list of the top 10 selling lots:
Coeur d’Alene Art Auction, July 27, 2013 (with buyer’s premium)
Artist Title Low/High Est. SOLD
Frederic Remington Cutting Out Pony Herds(A Stampede) $5/7,000,000 $5,625,000
Norman Rockwell A Scout is Loyal $4/6,000,000 $4,281,000
Howard Terpning Telling of Legends $600/900,000 $1,705,000
Howard Terpning Shield of Her Husband $300/500,000 $1,033,000
Charles M. Russell Buffalo Hunt #27 $600/900,000 $1,005,000
Charles M. Russell Cowboys on the Plains $400/600,000 $697,000
Charles M. Russell Indian Party $500/700,000 $641,000
Thomas Moran The Grand Canyon of the Yellowstone $250/350,000 $555,750
Charles M. Russell The Bucker and the Buckaroo $200/300,000 $438,750
Charles M. Russell A Pitcher $150/250,000 $438,750
|Western Art Publications|
Here are just a few things I took away from the weekend:
- The market for quality Taos Founder works is really beginning to rebound, and collectors are really developing an eye for quality works rather than just acquiring anything with a Taos founder name on it.
- The Montana artists like O.C. Seltzer, Edgar Paxson and John Fery all performed very well, and the demand for C.M. Russell's work speaks for itself.
- There's a strong market for quality works by contemporary artists who are conscious of their overall output. Artists like Andy Thomas, Robert Griffing, Z.S. Liang, Martin Grelle, and Ken Carlson have consistently performed well and I attribute that to the limited supply of their works.
- I noticed a lot of "new" buyers. I love seeing the familiar faces, because the people you meet and friendships you develop are what makes collecting art so much fun, but it's also great for the genre to see interest from new collectors.
- As hard as it can be, you have to walk away from the craps table while you're up because eventually the dice are going to turn on you.