Friday, June 13, 2014

Results of Swann's African-American Fine Art Sale 2353

Swann Auction Galleries' African-American Fine Art Sale 2353 held on June 10th brought in $1,242,626 with buyer’s premium, almost reaching its pre-sale low estimates ($1,251,700) for the sale as a whole. Of the 157 lots that were offered at auction, 118 sold (75% sell-through rate by lot). According to Nigel Freeman, Director of African-American Fine Art at Swann Galleries, “This was an exciting auction with enthusiastic bidding on scarce works. We are very happy to continue setting benchmarks for artists long overdue, including significant records for Noah Purifoy and Walter Williams. The sale also built on previous prices with strong results for William T. Williams, Sam Gilliam, Hughie Lee-Smith and Norman Lewis.”

Select highlights from The Shape of Things to Come: African-American Fine Art (Sale 2353) are featured in this post, focusing to a large extent on the lots featured in a May 25th post introducing this Sale.  All price quotes for art sold include buyer's premium.

Lot 22 Hughie Lee-Smith, Rooftops

Hughie Lee-Smith, Rooftops, Oil on linen canvas, 1961, 24"x 18". Image: Swann Auction Galleries
Rooftops had a high estimate of $35,000, and it sold to a collector for $37,500, including buyer's premium.  

Lot 45 Noah Purifoy, Untitled: Standing Figure  

Noah Purifoy, Untitled: Standing Figure, Assemblage construction, circa 1968-70, 51½"x 15"x 12". Image: Swann Auction Galleries
The figurative sculpture, Standing Figure, which was acquired directly from Purifoy by sculptor Artis Lane, had a low estimate of $60,000; it sold to a collector for $62,500. This was an artist record for Noah Purifoy.

Lot 61 William T. Williams, Truckin  
William T. Williams, Truckin, Acrylic 0n cotton canvas, 1969, 84"x 60". Image: Swann Auction Galleries
Truckin, a significant early painting by William T. Williams, is his earliest painting to date to come to auction. Truckin had the highest selling price for piece of art in this sale, capturing an artist record for William T. Williams. Lot 61 had a high estimate of $100,000, and it sold to an institution for $137,000.

Lot 80 Barkley L. Hendricks, Sergio 
Barkley L. Hendricks, Sergio, Oil and acrylic on linen canvas, 1972, 60"x 44". Image: Swann Auction Galleries
Sergio has an extensive museum exhibition history, extending from early 1970s through 2010. Sergio was the second highest piece of art sold in this sale; it had an estimate of $80,000 - $120,000.  Lot 80, surpassing its low estimate, sold to a dealer for $106,250.

Lot 119 Elizabeth Catlett, Standing Figure and Lot 144 Reclined Figure

Elizabeth Catlett, Standing Figure, Carved tropical wood and black enamel, 1986, 18"x 7"x 4¼". Image: Swann Auction Galleries

Elizabeth Catlett, Reclining Figure, Black marble, 2005, 32"x 15"x 11½". Image: Swann Auction Galleries

Lot 119, Standing Figure, one of the two important late-career sculptures by Elizabeth Catlett in Sale 2353 was unsold. The second, Reclined Figure, in black marble, surpassed its high estimate of $90,000, and sold to a collector for $93,750. 

Lot 27 Walter Williams, Southern Landscape
Walter Williams, Southern Landscape, Oil and collage on masonite board, 1963-64, 33"x 29". Image: Swann Auction Galleries
Southern Landscape could be described as Walter Williams' most important painting, as it is one of his best known artworks and a seminal one in his career. Lot 27, Southern Landscape, had an estimate of $20,000 - $30,000; it sold for $81,250 to a collector. Doubling its high estimate, this work set an artist record for Walter Williams. Southern Landscape was one of the three works that set an artist record; the other two were Standing Figure (Purifoy) and Truckin (William T. Williams). 

SEE Final Results for all lots in Sale 2353

No comments:

Post a Comment