RENO, NEV. — The Coeur d’Alene Art Auction brought a strong total of more than $30.5 million in sales, establishing the third-highest amount in the auction’s 28-year history. Six lots sold for more than $1 million and 39 items eclipsed the $100,000 mark. Numerous world records were set. The single-largest event in the classic Western and American Art field saw more than a 97 percent sales rate for the 314-lot auction on July 27.
The top price of the sale was achieved for Frederic Remington’s 1908 painting “Cutting Out Pony Herds (A Stampede),” which sold to a bidder in the room for $5,625,000. Finished a year before his death, this monumental piece is considered one of the most important Remington works to come to market in the last ten years.
Norman Rockwell’s 1940 painting “A Scout is Loyal” fetched more than $4.2 million. The final price is the highest for a Rockwell at auction in almost six years, and sold to a bidder on the phone. It is one of a handful of his Scout paintings in private collections.
Works by contemporary artist Howard Terpning vastly exceeded expectations, surpassing $1 million each on two lots. With an estimate of $600/900,000, “Telling of Legends” sold for more than $1.7 million. With a final price of just over $1 million, Terpning’s 1981 “Shield of Her Husband” outperformed an estimate of $300/500,000.
A familiar name to the Coeur d’Alene Art Auction, Charles Russell’s “Buffalo Hunt #27” sold for north of $1 million. Consigned to the sale by family members of the original owner, the painting was estimated to sell for $600/900,000. Russell’s sculpture was also well represented, with “The Bucker and Buckaroo” selling for $438,750 against a $200/300,000 estimate. The Coeur d’Alene Art Auction holds nine of the top ten prices ever paid for Russell’s works.
A crowd of more than 800 enthusiastic Western art buyers filled the Tuscany Ballroom at the Peppermill Hotel Resort. The Coeur d’Alene Art Auction has specialized in the finest classical Western and American art since 1985. The auction principals have more than 100 years of collective experience in the field, and have netted their clients well over $250 million in the last decade.
Prices reported include the buyer’s premium.
For additional information, www.cdaartauction.com or 208-772-9009.