Arthur Dove Painting Fetches $5.4 Million at Christie's; Thomas Moran Leads Western Art from William I. Koch Collection

  • May 21, 2015 13:50

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Boat Going Through Inlet (estimate: $2,500,000 – 3,500,000) by American Modernist Arthur Dove fetched $5.4 million in Christie's American Art sale on May 21, 2015.

Two marquee lots fell flat in Christie's American Art Sale on May 21 while definitive works by several artists far exceeded estimates. Topping the $29,822,500 (with fees) total sale was Arthur Dove's early modernist masterpiece "Boat Going Through Inlet" (circa 1929) which brought $5.4 million, more than doubling its low end estimate of $2.5 million.

Other highlights included Thomas Hart Benton's signature rural landscape from 1949, "Ozark Autumn," which fetched $4.8 million (estimate: $2-3 million). A bright and cheery scene titled "The Rock Garden, Monhegan Island, Maine," by Pennsylvania Impressionist Edward Willis Redfield, brought $725,000 from a $400,000-600,000 estimate.

Another high performer was William Herbert Dunton's luminous fall scene with mounted Indians, "Glorietta." From the collection of the Oldsmobile founder's family, the work soared to $497,000 from a low estimate of $100,000.

Elie Nadleman's sleek "Resting Stag" brought $629,000, exceeding the estimate of $400,000-600,000.

The biggest casualty of the sale was Edward Hopper's "Two Puritans," depicting two austere white houses on Cape Cod and thought to represent the artist and his wife; the 1945 work carried a heavy estimate of $20-30 million. Hudson River School artist Frederic Edwin Church's c. 1851-53 work "Mount Newport on Mount Desert Island," one of his most important works to surface on the market ina while, also failed to sell. It was estimated to bring $5-7 million.

Visions of the West: American Paintings from the William I. Koch Collection, held the same day, brought a total $17,189,125. The top lot was Thomas Moran's seminal work "The Cliffs of Green River, Wyoming" which brought $8.5 million from a $6-8 million estimate. (In 2008,Christie's achieved the record price for a 19th century American landscape at auction for Thomas Moran’s Green River of Wyoming at $17,737,000.)

Frederic Remington's "Pretty Mother of the Night--White Otter is No Longer a Boy" nearly doubled its low estimate to bring $2.3 million.

Tags: American art

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