Tuesday, October 23, 2012

Results of Swann's African-American Fine Art Sale 2290

Swann Auction Galleries' African-American Fine Art Sale 2290 on October 18, 2012 brought in $1,268,502 with buyer’s premium, falling short of its pre-sale low estimate of $2,098,200. Of the 154 lots that were offered at auction, 107 sold (69% sell-through rate by lot). According to Nigel Freeman, Director of African-American Fine Art at Swann Galleries, “Collectors sought out top-quality paintings by the masters. Norman Lewis and Henry Ossawa Tanner works brought high prices, in particular.”

The top 5 lots based on selling price with buyer's premium are as follows:

Lot 53, Charles White's Songs of Life, pen and ink on board, 1953-54 sold for $144,000 to a collector. Although this work passed the $100,000 mark, it did not reach its low estimate of $150,000.

Lot 34, Norman Lewis' Magenta Haze, oil on canvas, 1947 sold for $96,000 to a dealer.

Lot 41, Norman Lewis, Untitled (Circular Procession of Figures), oil on canvas, 1953 sold for $90,000 to a collector.  Of the top 5 lots, this is the only work that reached its high estimate ($75,000).

Lot 9, Henry Ossawa Tanner's Christ and Nicodemus (Early Study), oil on cardstock, circa 1923 sold for $90,000 to a collector.

Lot 8, Henry Ossawa Tanner's Flight Into Egypt, oil on wood panel, circa 1916-22 sold for $84,000 to a dealer.

Allan Rohan Crite, Douglass Square
In addition to the previously mentioned five lots, it is worth noting those artists who achieved an artist record in Sale 2290. Those four artists and their works follow: Allan Rohan Crite, Douglass Square ($36,000), Rex Goreleigh ($31,200), Richard Mayhew ($28,800), and Louis Delsarte ($24,000).

Rex Goreleigh, Spring Pruning
Richard Mayhew, Sacred Path    
Louis Delsarte, Reunion

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