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ARTnews
October 2004

Sales at the Coeur d'Alene auction of Western, wildlife, and sporting art, held July 24 in Reno, Nevada, soared to $18.1 million, the highest total to date for the annual sale, compared with $10 million last year and $7 million in 2002. The auction resulted in a strong 99.2 percent sold by lot, with only 2 of 283 lots failing to find buyers.

The top lot was Thomas Moran's painting Mists in the Yellowstone (1908), which fetched a record $4.9 million (estimate: $2/3 million) from a telephone bidder. The work, a colorful, sweeping landscape scene, had been consigned to the sale by the Amon Carter Museum in Fort Worth, Texas, to benefit the museum's acquisitions fund.

"We had an unusual number of great paintings in this sale by several major consignors," Peter Stremmel, auctioneer and a partner in Coeur d'Alene auctions, told ARTnews.

Several other works from the Amon Carter Museum also fetched very strong prices. Joseph Sharp's painting Squaw Winter (ca. 1919), a scene depicting figures outside tepees in Montana, sold for a record $1 million, well over the $250,000 to $450,000 preauction estimate.

Stremmel noted that the total was far above the presale estimate-$8.7 million to $13.6 million. Of the 283 lots that sold, 70 percent sold over the high estimate, 25 perfect within estimate, and just 5 percent were sold under estimate.

Article, "Western Art Rides to a Record High in Reno," by Eileen Kinsella.