Tag: Christie’s Auction

Sold tonight! Edward Hopper Gloucester Roofs Fetched 1.98 million at Christie’s Auction Paul G Allen Collection Part 2

Posted on by Catherine

view from Winchester Ct. / Spring St. stairs in 1928

The first sale was by Rehn Gallery to Edward and Grace (Cogswell) Root in 1929. They built a major modern collection.

Lot 138 Sold for $1,980,000 (plus fees)

Presale estimate was 1.2 – 1.8 million

EDWARD HOPPER (1882-1967)
Gloucester Roofs, 1928
signed ‘Edward Hopper/Gloucester’ (lower right)
watercolor and pencil on paper

Provenance

  • Frank K.M. Rehn Galleries, New York (1928).
  • Edward Wales Root, Clinton, New York (acquired from Rehn Galleries, 1929)
  • Mrs. and Mrs. Wilson H. and Mary D. Kierstead, New York and London (after 1962)
  • Hirschl & Adler Galleries, Inc., New York (1981). Sold to Mr. and Mrs. James A. and Edith Hall Fisher, Pittsburgh
  • Hirschl & Adler Galleries, Inc., New York — sold to Paul Allen, in 2016

The price realized for a second drawing, Lily Apartments, by Edward Hopper, Lot 153, was $1,620,000

The sixty lots included in the Paul Allen Part 1 sale last evening totaled 1.6+ billion. Paul Allen cofounded Microsoft in 1975. He died in 2018. Proceeds were raised for undisclosed charitable entities.

Sold 91+ million! Edward Hopper crushes world auction records at Christie’s American sale

Posted on by Catherine

The 1929 painting, Chop Suey, by Edward Hopper, sold for $91,875,000 (including auction and buyer premiums) on November 13, 2018. It was the premiere lot at Christie’s November sale of American art, and provided quite a return for the heirs dispensing the Barney A. Ebsworth marquee collection. A native of St. Louis, Ebsworth made his fortune in the travel industry (Royal Cruise Lines). He maintained ties with museums across the country because of his stellar collection. Reportedly, Ebsworth promised to gift the painting to the Seattle Art Museum about 2007 and contradicted those statements in later years. Even if it’s spelled out directly, wills and contracts can be broken.

The hammer price for Chop Suey was 85 million net which fell squarely within its presale auction estimate range of 70 million to 100 million. The buyer is unknown. There was a bidding war, and initial rumors suggest it was acquired for a public collection.

Hopper’s prices have raced since 2000. Hopper’s former record at auction was 40.5 million- also at Christie’s– for East Wind Over Weehawken, a 1934 oil painting sold  on November 26, 2013. That sale toppled Hopper’s prior record of $26.9 million (for Hotel Window).

Just ten years ago, one of Hopper’s large Gloucester houses drawings, Prospect Street Gloucester, 1928/1929, sold for 2 million from yet another Christie’s sale.  Hopper’s 1934 oil painting Sun on Prospect Street has been part of the Cincinnati Art Museum collection as a result of the Edwin and Virginia Irwin Memorial since 1959.

At 8.4 million, Cape Ann Granite was a savvy purchase from the sales last spring.

c EDWARD HOPPER _Chop Suey_32 x 38_ 1929 oc_Christies presale estimate 70 mil to 100 million

Edward Hopper_Sun on Prospect Street _Cincinnati Art Museum collection

New York Times features Edward Hopper #GloucesterMA painting

Posted on by Catherine
 
“Laurie Tisch, Collecting the Giants, of New York and Modern Art”
New York Times · by Hilarie M. Sheets January 8, 2018
 

“What was an important early personal acquisition?

“The Hopper painting. It’s called “Hodgkin’s House.” I was really nervous about it. It was at the time certainly the most expensive thing by far I had ever bought. It belonged to David Geffen. It’s one of the things that’s skyrocketed in value. There are just so few in private hands.”

EDWARD HOPPER all around Gloucester Hodgkin's House 505 Washington Street GLOUCESTER MA© c ryan

 

New York Times Jan 8 2018 Laurie Tisch Edward Hopper Hodgkins House prior owner was David Geffen

Hodgkin’s House was one of nine Gloucester paintings included in the 1933 Museum of Modern Art Edward Hopper retrospective. The eight other paintings were: Cape Ann Granite,  Houses of Squam Light, Haskell’s House, Marty Welch’s House, Adams’s House,  Freight Cars at Gloucester, Italian Quarter, and Box Factory Gloucester

 Christie’s auction house has released more information about one of the upcoming Rockefeller sales. It includes a good reproduction of Cape Ann Granite.

Edward hopper Cape Ann Pasture ©Christies photograph 2017

Read more about Edward Hopper’s Cape Ann Granite in Part 2, Dec. 2017 here