DALLAS, TX HERITAGE AUCTIONS
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.”