:"The market spoke," commented a jubilant David Schorsch when
contacted at his Woodbury, Conn., shop moments after the hammer
fell for an extremely rare Pennsylvania paint decorated and
incised candlebox sold at Freeman's 200th anniversary celebratory
auction this past Tuesday morning, November 22. The fireworks
flew in the final session of the three-part four-day auction,
November 19-22, when the candlebox was offered. Auctioneer Beau
Freeman asked for an opening bid of $20,000 on the slide top box
painted with a blue ground with red and white stylized tulips,
potted tulips, chickens and paisley corners. The bid came
immediately from an anxious buyer in the room, one of four
bidders in the gallery that expressed serious interest in the
lot. The piece bounced back and forth between 14 phone bidders
and the room all the way to the $200,000 mark where it became all
telephone action. Moving methodically in $10,000 increments, the
price escalated to a stunning $744,825, including premium,
establishing records all along the way.
"The quality of this object speaks for itself, the history is
impeccable," stated Schorsch. "It is the kind of quality, that when
it comes out, we just don't know what the monetary value is. It
really didn't surprise me, to be honest with you," he said. "I
don't think I even got a bid in until around $600,000, $610,000 was
my first bid."
"It is the best box that has ever surfaced, it is the best box
that has ever been sold," commented Schorsch who bought the piece
on behalf of a private client. "If you had a short list of the
top two or three American folk art boxes, this would make the
list." The box was auctioned during the second day of the Estate
of Esther H. Ludwig portion of the auction.
On day one of the important auction, a copy of the first public
printing of the United States Constitution was sold during The
Bicentennial Pennsylvania Sale, which took place Saturday and
Sunday, November 19-20.
The Constitution, printed by the Pennsylvania Packet and
Daily Advertiser newspaper, was dated Wednesday, September 19,
1787, and was in overall excellent condition. It had been preceded
by only two draft printings of the Constitution that were used only
by delegates to the Continental Congress. Offered as the fifth lot
during a Books and Manuscripts portion of the Bicentennial auction
on November 19, the lot elicited plenty of excitement.
Bidding on the rare printing opened at $50,000 with competition
coming from two phone bidders and two bidders in the room. In the
end, a bidder in the front row competed with a bidder standing in
the rear of the gallery with the latter claiming the lot for
$207,225.
Others of the top lots witnessed over the course of the four-days
included a Horace Pippin oil on board depicting an ice fisherman,
also sold on Saturday, that realized $162,425; a paint decorated
Windsor settee from Monday's Ludwig collection session went out
at $95,225; and a George Nakashima conoid bench sold during
Sunday's Pennsylvania Modern session realized $48,800. Prices
include the buyer's premium charged. A complete review will
appear in a future issue.