ALBERT BIERSTADT (1830-1902)
Mount Rainier (1890)
oil on canvas, 54" x 83"
Sold at Auction: $2,153,000
WESTERN ART STAMPEDE TOPS $16.9 MILLION
A capacity crowd of over 600 buyers of Western Art filled the Grand Ballroom of the Silver Legacy Resort in Reno on July 23, 2011 for the 26th annual Coeur d'Alene Art Auction. In what has long been the single largest event in the field of Classic Western Art, prices soared from the beginning to the very end of the 304-lot sale, reaching a total of approximately $16.9 million with 93% of the lots selling.
Works by Charles M. Russell have always been the specialty of the Coeur d'Alene Art Auction and this year was no exception. Two major paintings, A Dangerous Sport and Water for Camp each sold strongly at $1,481,000. Additional works by the artist were soon to follow with Indian Signaling, a 10" x 14" watercolor selling for $263,250, and Poems to Wallace, a wonderful 7" x 4" illustrated letter at $117,000, among other works.
Albert Bierstadt was also well represented at the sale with four major works going across the block. Mount Rainier, a magnificent 54" x 83" oil was the highlight of the sale. Multiple bidders competed over it until the winning bid took it home at $2,153,000. Another highlight of the sale was Lander's Peak, Wyoming, a 36" x 26" oil of the Rocky Mountains. Expected to sell for $600,000-900,000, bidders completely disregarded the estimate and when the dust finally settled it hammered down at $1,873,000. Two other works by the artist also posted strong sales with Among the Bernese Alps selling for $321,750 and Mount Baker, Washington, a little gem of an oil, selling for $280,800. Additional strong results were posted for Henry Farny's Evening Camp, a 8" x 16" gouache at $468,000, Maynard Dixon's Sculptured Sandstone at $351,000, and John Clymer's Buffalo Crossing at $304,200.
These results show the Western Art market is definitely back on solid footing and the Coeur d'Alene Art Auction's continued dominance in the field of Classic Western and American Western Art.
To find out more about this year's auction please visit our website.
FOR MORE INFORMATION PLEASE CONTACT:
Mike Overby
208-772-9009
mikeoverby@cdaartauction.com
CHARLES M. RUSSELL (1864-1926)
A Dangerous Sport (1924)
watercolor on paper, 17.5" x 27.5"
Sold at Auction: $1,481,000
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Thank you to all of our consignors and bidders for making the 2011 Coeur d'Alene Art Auction a great success with 93% of all works sold for a total of $16.9 million.
ALBERT BIERSTADT (1830-1902)
Lander's Peak, Wyoming (circa 1863)
oil on canvas, 36.5" x 26.5"
Sold at Auction: $1,873,000
CHARLES M. RUSSELL (1864-1926)
Water for Camp (1892)
oil on canvas, 26" x 36"
Sold at Auction: $1,481,000
MAYNARD DIXON (1875-1946)
Sculptured Sandstone (1944)
oil on canvasboard, 20" x 24"
Sold at Auction: $351,000
HARRY JACKSON (1924-2011)
Stampede (1969)
bronze, 15" high
Sold at Auction: $105,300
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