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Tuesday, November 22, 2005

Ritchies auction results

Howdy!

Despite what the James Adams writes, the auction of Important Canadian Art at Ritchies yesterday seems to have done rather well. In total they collected $8,372,250 on 225 lots. A minimum of $1,255,837 in commissions for the auction houses (not bad work for one day, eh?)

Despite the best efforts of what I assume was Rosamond Ivey, the David Milne painting's which I had been following seem to not have done as well as I thought they would.
Lot #1, Entrance to the Zoo went for 68% more than its high estimate.
Lot #20, Fools Caps, (a watercolor) went for $21,600, in between the low and the high estimate.
Lot #21, Dead Cedar went for 20% more than its high estimate.
Lot #86, Bare Patches on the Hill did not sell.
Lot #120, White Islet (Islands III) did not sell.
Lot #127, Elm Tree did not sell.
Lot #184, High Island I went for $28,800, in between the low and the high estimate.

Some other things that I noted while going through the results - Armand Vaillancourt's sculpture more than doubled it's high estimate (woo-hoo!). Goodridge Roberts seems to be doing well, four lots, three went for more than the high estimate. And having an exhibit at the Musée des Beaux arts de Montreal does not hurt in the least - The one Edwin Holgate engraving went for 2½ times the high estimate, and the one Sam Borenstein went for twice the high estimate. As for contemporary Canadian art, despite M. Vaillancourt's fine showing, it still has a long way to go.

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