The preview states that many dealers believe the economy is starting to turn toward the better, and with that, collectors will soon find their way back to buying. With that comes more high end and better quality property being offered for sale both at auction, through dealers and shows.
Sotheby's is offering over 900 lots and hopes expects the sales to generate between $11 million and $23.7 million, Christie's has over 1,000 lots being offered and expects upwards of $12 million. Leigh Keno auctions had its sale on Thursday, and Bonhmans also has a sale scheduled for Americana week with Amerian and English dec arts (they were aggressively promoting the sale, I even received a phone call from Bonhams on the sale.). Plus there are the shows, inlcuding the Winter Show and numerous satellite fairs.
The Art Newspaper reports
To read the full Art Newspaper article, click HERE.The tenth American Antiques Show benefiting the American Folk Art Museum is down from 44 dealers to 41 at the Metropolitan Pavilion on 20-23 January. New participants include Leah Gordon with jewellery and Galerie St Etienne which is featuring Grandma Moses oils from $25,000-$250,000.
“So many of our clients are folk art collectors but some now collect both Expressionist art and our most successful self taught artist ever,” says Jane Kallir, who heads up St Etienne and previously participated in the Outsider Art Fair. Other dealers include Stephen Score with a major quilt and Lillian Nassau with Tiffany lamps.
The 57th annual Winter Antiques Show opens 21-30 January and the vernissage usually pulls in not just traditional collectors but stars like Martha Stewart and Oprah. New dealers are London antiquities and 20th-century specialist Richard Philp, Mechanicsville, Pennsylvania Americana dealer Christopher T. Rebollo Antiques and New Yorker Carlton Rochell with Asian art.
What is new is that for some dealers, the price range has zoomed up as the stock market has recovered considerably. For example, Ontario dealer Donald Ellis is touting two early Alaskan masks from the collection of Surrealist artist Enrico Donati, one for “ in neighbourhood of $3m and the other at $2m” says Ellis. “There’s been nothing like this for sale in 60 years and a companion work is in the Beyeler Foundation [in Switzerland],” says Ellis.
On view at the Manhattan Adelson Galleries is Childe Hassan’s 1890 A Lady in a Flower Garden for $2.5m and a John Singer Sargent 1880 oil Peter Augustus Jay for $3.5m. “The prevailing notion that many collectors are not at all easy with seven figures prices is now loosening,” says Elizabeth Oustinoff, Adelson director. “Many are less worried and that speaks of a new mood,” she says.
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