Mar­ket Re­ports

American Fine Art Magazine - - Contributors - SAN­DRA GER­MAIN Manag­ing Part­ner Shannon’s Fine Art Auc­tion­eers SHANNON’S FINE ART AUC­TION­EERS 49 Re­search Drive, Mil­ford, CT 06460 (203) 877-1711, www.shan­nons.com

At Shannon’s we spe­cial­ize in mid­dle-mar­ket ($5,000 to $500,000) fine art. We have es­tab­lished a world­wide au­di­ence of buy­ers over the past 20 years aug­mented by our tar­geted on­line mar­ket­ing pro­gram. On­line bid­ding in both our ma­jor sales and on­line-only sales has in­creased tremen­dously. Our sales at­tract a broad group of col­lec­tors, and we have met many new col­lec­tors who we have en­joyed ed­u­cat­ing about the artists and their works, as well as the art mar­ket as a whole.

Our April 2018 fine art auc­tion re­al­ized an 85 per­cent sale rate, a very en­cour­ag­ing fig­ure for us and the auc­tion mar­ket in gen­eral.

Top ex­am­ples by well-known artists have been sell­ing very well, with in­creased pop­u­lar­ity in mod­ern and con­tem­po­rary art. Fresh­ness to the mar­ket and con­di­tion of the works are both cru­cial fac­tors for our clients, so we con­cen­trate on tak­ing works in on con­sign­ment that are not overly ex­posed and in “ready to hang” con­di­tion.

Our top gen­res in the April auc­tion were Amer­i­can mod­ernism and Amer­i­can im­pres­sion­ism. We had re­mark­able re­sults for modernist paint­ings by Ge­orge L.K. Morris, Alice Mat­tern and Emil Bist­tram— prices that we would not have ex­pected as re­cently as three years ago. The mar­ket for mod­ernism con­tin­ues to rise and we ex­pect to see it con­tinue to per­form well in our fall auc­tion.

In the Amer­i­can im­pres­sion­ist mar­ket, we con­tinue to see qual­ity works bring out­stand­ing re­sults. For in­stance, in our last auc­tion, we sold a stel­lar John Joseph En­nek­ing of chil­dren in a sun­lit field.

The painting was es­ti­mated at $5,000 to $7,000 and achieved a re­mark­able $68,750. It was a beau­ti­ful fresh-to-the-mar­ket com­po­si­tion, with strong prove­nance, housed in a pe­riod frame and in very good con­di­tion. Our top lot in the sale was Colin Campbell Cooper’s View of

New York City from Brook­lyn. Again, a fresh-to-the-mar­ket painting, with strong prove­nance, a com­pelling sub­ject mat­ter and beau­ti­fully painted.

We have been very suc­cess­ful with works by Alice Mat­tern over the past two years, top­ping our world records for the artist with each sale ($31,200 in 2016, $55,200 in 2017 and $81,250 in 2018). In each of these cases the paint­ings were from pri­vate homes and in their orig­i­nal con­di­tion. Mat­tern was a stu­dent of Ru­dolf Bauer, a mas­ter of non-ob­jec­tive painting and his in­flu­ence is in ev­i­dent in her work. Over­all, we are en­cour­aged and ex­cited for the up­com­ing fall sea­son.

Shannon’s gallery show room in Mil­ton, Con­necti­cut.

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