NEW YORK—The sale of 19th- and 20th-century paintings by Shannon’s Fine Art Auctioneers, Greenwich, Conn., on Oct. 20 garnered $3.2 million, within the $3/4 million presale estimate. Spotlighting American paintings, it was 78 percent sold by lot.
Among works that fetched overestimate prices was a painting by W. Herbert Dunton (1878-1936), The Range Rider, which took $174,500, more than five times the high estimate of $30,000, from a western United States art dealer, reports auction-house owner Gene Shannon.
A painting by William Trost Richards (1833-1905), Mountain Lake, 1861, was brought forward with a hefty $60,000/80,000 estimate yet still realized $207,500 from an East Coast collector. Also notable was the $59,750 paid for La Fontaine, by Israeli painter Moshe Castel (1909-92), much more than double its $18,000 high estimate. Bidders were mainly on the phones, calling in from Canada, England, Israel and elsewhere, says Shannon, who told ARTnewsletter the Castel had gone to “a dealer in Europe.”
Other works also did reasonably well: A picture by Andrew John Henry Way (1826-88), Still Life with Cherries, Peaches and Plums, 1877 (estimate: $10,000/15,000), drew $38,240; and a painting by William Tolman Carlton (1816-88), Cider Making, circa 1855 (estimate: $10,000/15,000), earned $47,800.
Shannon expressed disappointment over the failure of the sale’s two most expensive lots, attributing this in part to overaggressive estimates. The works were The Supper at Emmaus, by Gari Melchers (1860-1932, with an estimate of $200,000/300,000); and Young Woman with Parasol, by Karl Albert Buehr (1866-1952), estimated at $250,000/350,000.