My goal is to publish new posts twice a week — Mondays and Thursdays. However, if you don’t see a new post on Thursday, it’s because I was too busy, so please look for a new one the following Monday.
June is Decorative Arts Month, so the next several blog posts will cover the action at all the major and some of the lesser auction houses. Sotheby’s will be first. Thursday’s post will cover the result of the single-item sale of the world’s rarest stamp, the 1856 British Guiana 1-cent. Christie’s 20th Century results will be posted next Monday, with Bonham’s, Julia’s, Rago’s and others following.
Sotheby’s New York held their Important 20th Century Design sale on June 11, 2014. Included in the sale was an important collection of American art glass, including Tiffany Favrile, from the Estate of Dr. Edward and Helen McConnell. Of the 127 lots offered, 29 were from the McConnell Estate. 100% of the collection sold, with most of the vases easily exceeding their high estimates. Of the remaining 98 lots, only 55 sold, for a sell-through rate of 56% for the non-McConnell items. The sale totaled $4,476,376, for an average of $53,290 for each lot sold.The top selling lot of the McConnell Estate was no surprise. Lot #12 was a superb example of Tiffany Favrile Lava glass. It soared past its estimate of $75,000 — $100,000, to sell for $197,000, including buyer’s premium. Neither was the top selling Tiffany lamp of the sale a surprise. Lot #44 was a nice example of the Wisteria pattern. It sold within the estimate of $300,000 — $500,000, realizing $575,000. The second highest price of the sale went to an important Paul Lobel silver-plated coffee service. It realized $377,000, against a pre-sale estimate of $200,000 — $300,000. Considering the set wasn’t even sterling silver, the price was impressive, but again not a surprise.
For the complete results of the sale, click here.
It’s spring, so there are no shows, but we’re still very much in business. Click here to view my new website and look around. We always strive to offer the finest objects for sale on our website and at every show. There are many items for sale, sold items with prices and free lessons about glass and lamps.