NEW YORK—Chicago auctioneer Leslie Hindman’s sales of Postwar and contemporary art on Sept. 7 and American and European art on Sept. 8, yielded a combined total of $1.6 million against an estimate of $1.4 million/2.2 million. Of the 473 lots on offer, 68 percent found buyers.
Auction house owner Leslie Hindman said the sale opened the fall season on a strong note, indicating that demand for middle-market work continues to be healthy. “We keep waiting for some kind of correction, and we don’t see it,” she told ARTnewsletter.
The sale featured a broad range of work, from lower-priced prints and drawings by Pablo Picasso, Andy Warhol and Robert Rauschenberg to 19th- and 20th-century European paintings and Rembrandt etchings.
The top lot of the sale was Rythme, 1938, a large, colorful abstract tapestry by Robert Delaunay (1885–1941) that had been owned by the artist’s wife Sonia and acquired by the consignor from the Galerie Beyeler, Basel, in 1977. The work sold for $84,400, more than five times its estimate of $10,000/15,000.
A bronze sculpture by French artist Claude Lalanne (b. 1924), La Grande Berce 2001, sold within its $50,000/70,000 estimate for $60,400. An untitled abstract painting by Robert Natkin (b. 1930) soared past its estimate of $5,000/8,000 to earn $20,740, and a large oil by Roger Brown (1941–1997), Devil’s Surprise, sold for $29,200, well above the estimate of $18,000/22,000.
Among the less contemporary works up for bid, Harem Scene, an oil on canvas by Russian-American painter Vincent G. Stiepevich (1841–1910), sold for $38,800 (estimate: $25,000/30,000). And a Rembrandt etching, Rembrandt Wearing a Soft Cap, which had been estimated at $400/600, skyrocketed to a sale price, with premium, of $15,860.