Christie's just held its September Americana sale. The sale totaled $4.75 million including buyers premiums and offered over 150 lots with 120 selling. One lot accounted for nearly 25% of the total sales results. I dont have the exact percentages as there is not a full press release on the sale results,but it looks as if there were a fair number of buy ins, with a sell through rate of around 65%. The star of the sale was a Philadelphia Chippendale carved easy chair. Estimated to sell between $300,000 and $500,000, it sold for $1.02 million including buyers premium (see image).A Charles Peale Polk portrait of George Washington at Princeton was offered with an estimate of $300,000 to $500,000 and it did not break the low estimate, selling for $290,000 including buyers premium.
A WILHELM SCHIMMEL (1817-1890), CUMBERLAND COUNTY, PENNSYLVANIA, CIRCA 1870 carved eagle did very well, having an estimate of $60,000 to $90,000 and selling for $314,500 including buyers premium.
Although I don’t have a full data set to look at, it appears the sale was mixed, with a high buy in rate ad mixed sales results. This is pretty much the type of sale you can expect in the decorative arts/American sector right now.
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