Our American Art Sale at Sotheby’s New York achieved $45,869,625 (est. $33.2/49.7 million)* – among the highest totals for an American Art sale in the last five years. Today’s sell-through rate of 80.7% by lot marks the 5th consecutive American Art auction at Sotheby’s with a strong sell-through rate over 80%. Ten lots brought prices over $1 million, with more than half of all sold lots achieving prices above their high estimates – including eight of the auction’s top ten works. Led by After the Prom, which sold for $9,1,250,000 – the 4th highest price at auction for the artist (est. $8/12 million). The work was last acquired at Sotheby’s New York in 1995 for $880,000.
A diverse selection of works from the most significant names in 19th and 20th century American art are presented in this sale, from Albert Bierstadt’s luminous Yosemite Valley of 1865, one of two important paintingsfrom A Distinguished American Collection, to March and Sally Outdoors, Milton Avery’s radiant 1950 portrayal of his beloved wife and daughter. Other highlights include Norman Rockwell’s delightful Boys and Girls First Aid Week, an intimate Lake George picture by Georgia O’Keeffe, one of Marsden Hartley’s series of mountain landscapes, Mountain No. 23, and Stuart Davis’s Bleecker Street, a rare example of the artist’s early Ashcan imagery.