So Much For the American Art Expert Estimates ?
Well...my little MAOettes... it would seem several, would be American Art Collectors read MAO's wise advise yesterday.. and were waving their little opportunistic paddles in the air at the Sotheby's American Art Auction.
(Photo #1 Lot 61, Sanford Gifford, San Giorgio, Venice 1870, 26 3/8 by 52 3/8 in, oil on canvas)
Every item we highlighted as looking like good relative value vs. the insane prices of Contemporary Art today, sold for
a shitload "just a bit" more than the Sotheby's "Experts" had initially suggested.
Actually, their pre-sale estimates were so far off.. It just make us think..... were these "Experts" just
completely clueless uninformed about the huge demand for these American Painters work, or were they intentionally putting out very low pre-sale estimates in order to attract the attention of many opportunistic non-American Art Specific collectors... it's not clear.
(Photo #2, Lot 176, Ludwig Bemelmans, Little Madilne Sat in Bed, Cried and Cried, Her Eyes Were Red, 17.75 by 14.25 in, watercolor and ink on paper)
Anyway..here are the results of a few of the MAO favorites...
Sadly, we at MAO didn't buy anything..Grrrr!! There were just throngs of people bidding on everything in sight.
The $192,000 dollars paid for that tiny, 8 x 10 inch, Thomas Hart Benton painting was a real shock!
So actually some of these prices look pretty high.. Hmm... Maybe that huge, edition of 6, Candida Hofer photograph wasn't such a bad buy after all !!