DAL­LAS, TX HER­ITAGE AUC­TIONS

American Fine Art Magazine - - Auction Reports: Dallas, Denver, Monrovia -

NOVEM­BER 18, 2017

Texas Art Sig­na­ture Auc­tion $402,513

Early Texas art proved to be of in­ter­est with buy­ers dur­ing Her­itage Auc­tion’s Novem­ber 18 Texas Art Sig­na­ture Auc­tion, as a 1926 paint­ing by Alexan­dre Hogue be­came the top lot of the sale and a world auc­tion record for the artist.the piece, Glen Rose, was from the col­lec­tion of Mil­dred Mcknight, and this sale marked the first time it was avail­able at auc­tion. Car­ry­ing a pre­sale es­ti­mate of $20,000 to $30,000, it ex­ceeded ex­pec­ta­tions by sell­ing for more than dou­ble its high es­ti­mate at $78,125. Com­ing in sec­ond of the top 10 lots was a piece by

Paul Richard Schu­mann from 1921 ti­tled Fish­er­men, which sold for $37,500 against a pre­sale es­ti­mate of $10,000 to $15,000. Jose Arpa’s Au­tumn on River brought near its high es­ti­mate when it achieved $27,500. Four pieces by Robert William Wood also landed in the top 10, in­clud­ing Spring­time in Texas (est. 15/25,000) at $22,500.Two by Ju­lian On­der­donk—a Field of Blue Bon­nets at $13,750 and Yel­low Sun­set at $10,625— were also note­wor­thy, as was G. Har­vey’s The Big Oak, which brought in $10,625.

Atlee Phillips, di­rec­tor of Texas art at Her­itage Auc­tions, adds, “The auc­tion in­di­cated that the Texas art mar­ket is go­ing strong, es­pe­cially for rare, im­por­tant paint­ings like the Hogue and Schu­mann. Col­lec­tors are will­ing to spend top dol­lar, of­ten break­ing world records, for works of the high­est qual­ity and im­por­tance to Texas art his­tory.the fact that paint­ings of all pe­ri­ods, styles and price points per­formed well amongst both new and es­tab­lished col­lec­tors bodes well for the fu­ture of the Texas art mar­ket.”

Alexan­der Hogue (1898-1994), Glen Rose, 1926. Oil on can­vas laid on Ma­sonite, 16¼ x 20¼ in. Artist World Auc­tion Record. Cour­tesy Her­itage Auc­tions. Es­ti­mate: $20/30,000 SOLD: $78,125

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