Today’s auction of American Art at Sotheby’s New York totaled 38.3 million, approaching its high estimate of $39.7 million and with a strong sell-through rate of 85.4% by lot. Nearly 60% of all sold lots in today’s sale exceeded their pre-sale high estimates Elizabeth Goldberg, Head of Sotheby’s American Art Department, commented: “Our sale today confirmed the vigor and interest in the American Art field that we have been experiencing in recent years. We strive to offer the highest-quality examples we can find, across a broad range of property and price points. Often that unearths really exceptional works by artists that you rarely – if ever – see at auction, such as Kenneth Davies, whose previous auction record had been $11,000 until Clapboards and Shadows sold today for $237,500. Those elements of surprise attract both established and new collectors to our sales, and today’s results are a

Read More: $9M Georgia O’Keeffe Flower painting leads $38M American Art Sale at Sotheby’s