Nadeau's Auction Gallery tops the $1 million mark on New Year's Day for the third year in a row For the third year in a row, Nadeau's Auction Gallery sailed past the $1 million mark at its annual New Year's Day auction, posting a $1.25 million-plus gross at its Jan. 1st event in Windsor, Conn.
News-Antique.com - Jan 11,2016 - WINDSOR, Conn. – For the third year in a row, Nadeau's Auction Gallery sailed past the $1 million mark at its annual New Year's Day auction, posting a $1.25 million+ gross at the Jan. 1st event and cementing its reputation as Connecticut's only auction house that consistently conducts sales that surpass $1 million. This year's auction featured 650 lots in a wide array of categories.
The top lot of the auction was an original oil on artist board painting by one of America’s first internationally renowned African-American artists, Henry Ossawa (H.O.) Tanner (Am./Fr., 1859-1937). The work, titled Flight into Egypt, gaveled for $84,000 following a fierce bidding war. The painting was signed by Tanner lower right and measured 17 ½ inches by 20 inches.
The auction was held in Nadeau’s gallery, located at 25 Meadow Road in Windsor, Conn. A standing-room only crowd of over 350 people packed the showroom, while 2,000 registered bidders participated online, through Invaluable.com. About 500-600 phone bids were posted and between 300 and 400 absentee bids were also recorded. The sale was a success by any yardstick.
“It was right up there with previous New Year’s Day sales that also surpassed the $1 million mark,” said Ed Nadeau of Nadeau’s Auction Gallery. “The day started strong with jewelry and progressed from there. Furniture did very well – better than expected, actually, thanks to the quality of the items – and several Oriental rugs sold for $6,000-$12,000. Art also did very well.”
Many paintings and prints in the sale were from the huge, 3,500-piece Americana collection of banking giant Credit Suisse, featuring large framed portraits, period American furniture, quilts, maps and more. On November 7th, Nadeau’s Auction Gallery sold Part I of the collection. The balance of the collection will be sold in subsequent auctions throughout 2016, also by Nadeau’s.
Following are additional highlights from the auction. All prices quoted include a 20 percent buyer’s premium.
Original artworks dominated the list of top lots. An oil on panel rendering of Diamond Cove on Waikiki Beach, Hawaii by Frank Chamberlin (N.Y./Calif., 1873-1961), measuring 11 ¾ inches by 20 inches, realized $27,600; and a signed oil on canvas by Marin Rico y Ortega (Sp./It./Fr., 1833-1908), titled Venetian Canal, 28 inches by 18 ¼ inches and signed lower left, hit $27,000.
Many large and impressive portrait paintings, all formerly housed in Credit Suisse’s opulent headquarters building in New York City, found new homes. A full-length portrait of the iconic American inventor Thomas Edison by Ellis Meyer Silvette (Va., 1876-1940), measuring a larger-than-life 90 inches by 40 inches, signed by Silvette and inscribed by Edison, brought $16,250.
The top-selling portrait painting was a ¾-length rendering of Andrew W. Mellon (1855-1937), the U.S. Secretary of the Treasury from 1921-1932, by Philip A. deLaszlo (1869-1937). The 1926 oil on canvas portrait reached $25,200. Also, an oil on canvas portrait of Collis Potter Huntington (1821-1900), by Francis Lathrop (1849-1909), done in the 1890s, went for $17,500.