Bold original gouache painting by Alexander Calder brings $78,200 at Cottone Auctions' March 29 sale An original gouache painting by American artist Alexander Calder (1898-1976), titled Loops Filled, sold for $78,200 at the annual Winter Fine Art & Antiques Auction held March 29th by Cottone Auctions
News-Antique.com - Apr 07,2014 - GENESEO, N.Y. – A bold original gouache painting by the renowned American artist Alexander Calder (1898-1976), titled Loops Filled In, signed lower right and dated (1972), measuring 23 inches by 31 inches, sold for $78,200 at the annual Winter Fine Art & Antiques Auction held March 29th by Cottone Auctions, in the firm’s gallery located at 120 Court Street in Geneseo.
The painting was one of two artworks that brought identical selling prices. The other was a color linocut on Arches paper by Pablo Picasso (Sp., 1881-1973), titled Faunes et Chevre. The work was numbered in pencil lower left (26/50) and on the reverse. Like the Calder, it also fetched $78,200. In all, just under 500 lots came up for bid in an auction that grossed about $1.5 million.
It was a busy day for Cottone Auctions’ staff, which had to tend to a packed house of around 250 people in the gallery, as well as nearly 3,000 approved online bidders (who participated through LiveAuctioneers.com and Invaluable.com). And, for some lots as many as 15 phone lines were humming, in addition to the estimated 1,000 left (or absentee) bids that were recorded that day.
“It was exhausting, but it was exhilarating, too,” remarked Matt Cottone of Cottone Auctions. “Fortunately, the market is very strong for better artwork and fine decorative accessories, as we had plenty from both categories in this auction. We stayed true to our philosophy of trying not to sell too much merchandise in any one sale and only offering better, fresh-to-the-market items.”
The auction was loaded from start to finish with original paintings by noted, listed artists, Tiffany lamps, estate silver, sculptures, Asian art, antiquities, art glass, Oriental rugs, period furniture and more. Headlining the event was the estate of William Levine of Rochester, N.Y., the businessman, philanthropist and modern art collector. His 43 lots accounted for $410,000.
Following are additional highlights from the auction. All prices quoted include a 15 percent buyer’s premium.
Picasso made more than one appearance on auction day. His limited-edition engraved bottle (Madoura, 147/300), executed circa 1954 and 17 inches tall, in excellent condition, went for $14,000. Also, a color etching and aquatint by the Spanish artist Joan Miro (1893-1983), titled Le Permissionaire (circa 1974), signed in pencil lower right and numbered 28/50, made $40,000.
A gorgeous Tiffany Studios Daffodil lamp, standing 25 inches tall, with the base signed and the 20-inch diameter shade also signed, in overall excellent condition, went to a determined bidder for $57,000. Also, a Tiffany Studios table lamp with the base signed (“Tiffany Studios, N.Y.”), 17 ½ inches tall, with a 10-inch diameter shade and original patina on the base, rose to $14,260.
A stacked walnut mushroom table by the American modern furniture sculptor Wendell Castle (b. 1932), purchased directly by the consignor from Mr. Castle and initialed by him the year it was crafted (1972), finished at $48,300. The table, in the original finish and in excellent condition, will be included in the new book Wendell