Rago's March 22 Great Estates Auction Tops High Estimate at $1.3 Million Rago Arts and Auction Center's Great Estates auction on March 22 edged past its high estimate with a total of $1,339,063 in sales.
News-Antique.com - Mar 25,2014 - RAGOS MARCH 22 GREAT ESTATES AUCTION TOPS HIGH ESTIMATE AT $1.3 MILLION
Lambertville, NJ: Rago Arts and Auction Center's Great Estates auction on March 22 edged past its high estimate with a total of $1,339,063 in sales.
"This was a classic Estate auction with exceptional property from private homes, estates and collections, priced reasonably, said Tom Martin, who directs the sale. Thats a formula for success. Its also clear to me that more buyers than ever before look to Rago for beautiful traditional furnishings, carpets, silver, American, Continental and Asian fine and decorative art. We have top notch property in house already for the next auction in September and we are looking for more.
Almost all categories sold strong in the March 22 auction save for a somewhat disappointing showing by coins. Some of the strongest results in the auction were achieved by Asian lots, the hammer exceeding the high estimate by 37 percent overall. The top lot of the auction was Asian: a Chinese nephrite jade four panel screen for $58,750. Russian pieces brought spirited bidding. As a result, a Russian Imperial Porcelain Factory military plate sold at $35,000 and a Russian Imperial Glass Factory (Attr.) amethyst glass beaker at $3,625. Fine art did well overall, with several paintings and sculptures significantly exceeding their high estimates. Lot 132, a bronze and ivory sculpture of a young woman attributed to Demetre Chiparus, sold for $18,750. The selling prices of porcelain plaques were stellar. Most hammered at or above high estimate, notably lot 71, a KPM Porcelain Plaque, "Solitude" , which sold for $20,000. Lot 90, a pair of Meissen Pate Sur Pate covered urns, also sold very well at $16,250. Traditional furnishings finished close to high estimate, with several outstanding pieces, such as lot 196, a Chippendale chest of drawers for $16,250, and lot 243, a Chippendale walnut corner cabinet for $21,250. Rugs and tapestries were also successful, finishing at high estimate. Noteworthy ephemera includes lot 615, a Presidential autograph album at $27,500, and lot 616, a signed H. G. Wells, "The War of the Worlds" first edition for $15,000, sought after by museums, bookstores and private collectors.
Hammer: $ 1,071,250
Hammer + b.p. $ 1,339,063
Low estimate: $863,950
High estimate: $1,290,050
Number of lots: 688
% sold: 87%
Bidders in-house: 136
Absentee bidders: 95
Phone Bidders: 175
Bidders online: 1124 (online bidders from: U.S., Canada, Mexico, Brazil, Bolivia, Venezuela, Russia, Egypt, Lebanon, United Arab Emirates, Saudi Arabia, Azerbaijan, Turkey, Bulgaria, Spain Portugal, Italy, France, Slovakia, Poland, Germany, Lithuania, Denmark, Sweden, UK, Ireland, India, Pakistan, China, Malaysia, Australia, Japan.
Highlighted Top Lots:
1. 409 Chinese Nephrite Jade Four Panel Screen $68,750
2. 58 Russian Imperial Porcelain Factory Military Plate $35,000
3. 615 Presidential Autograph Album $27,500
4. 243 Chippendale Walnut Corner Cabinet $21,250
5. 71 KPM Porcelain Plaque, "Solitude" $20,000
6. 416 Chinese Altar Table $20,000
7. 132 Demetre Chiparus (Attr.), Bronze and Ivory Sculpture of a Young Woman