Georgia O’Keeffe’s Lake George Reflection was the top lot at the Spring sale of American art at Christie’s in New York on May 19. It sold for $12,933,000 in a sale which achieved $42,737,500 and made artists records for Max Weber ($1.9 milion0 and Rebecca Salsbury James ($509,000). Estimated at $8-12 million this was the second highest price paid for an O’Keeffe. Lake George Reflection was inspired by O’Keeffe’s frequent visits to the family home of Alfred Stieglitz. There were 98 lots in the sale.
Active bidding was seen from established collectors to new buyers with nearly 200 registered bidders across every region in the U.S. and considerable online participation.
Elizabeth Beaman, Head of Department, American Art, remarked: “Impressive prices were realized for major American modernists, Georgia O’Keeffe and Max Weber, and 19th-century masters, John Singer Sargent and Alfred Jacob Miller alike. The range of prices realized shows a broad interest in the category from new buyers to established collectors. We are also pleased to see active online participation, continuing momentum from our mid-season online-only sale in March.”
(See post on antiquesandartireland.com for April 27, 2016)