Published: May 19, 2016
By Greg Smith
NEW YORK CITY — In a sale featuring a selection of notorious American artists, Sotheby’s May 16, 2016 American Art auction hammered down at $27,132,500. The sale achieved a sell thru rate of 72% by lot.
The auction featured 65 lots with 48 artists represented including John Singer Sargent, Norman Rockwell, Georgia O’Keeffe, Milton Avery, Jamie Wyeth, Thomas Wilmer Dewing and others.
The combined top three lots of the sale, two John Singer Sargents and a Norman Rockwell, grossed over $15,600,000, topping half of the sale’s total revenue.
Sargent, who accounted for four works in the sale, continues to bring in strong numbers against a worrisome market. Three out of four of his works sold above high estimate, with just one going in between the uprights.
Keep an eye on our continued coverage of the American Art sales throughout the week.
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