Frank Reaugh’s lost masterpiece Sheepherders Camp, 1893, set a $437,000 record for the artist May 16 when it took top lot honors in Heritage Auctions’ $926,000 selection of Texas Art. The very large pastel painting spans 40-inches, a rarity from an artist known for impressionistic depictions of West Texas. “It’s been called the most important Reaugh painting to emerge in the last few years and I knew the collecting world would be excited to learn that it existed,” said Atlee Philips, Director of Texas Art at Heritage Auctions. “Far more important than that is its contribution to our greater understanding of Texas art.” Philips said five bidders competed for the work, which doubled its pre-auction estimate and more than doubled the previous record of $178,000 the selling to a Dallas bidder on the phone. The action spanned landscape paintings and sculpture from the late 19th century to

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