Following its highly successful online Design and Modern & Contemporary Art auctions this Spring, Freeman’s is pleased to announce another stellar result. Its inaugural June 26 Art + Design auction achieved a 95% sell-through rate and totaled just shy of $500,000, comfortably surpassing its pre-sale high estimate.
With works offered at more accessible price points by world-class artists and designers such as George Nakashima, Samuel Yellin, Josef Albers, Robert Motherwell, and Pablo Picasso, the 94-lot auction welcomed a host of new online bidders. Accounting for 40% of successful buyers, the influx of new bidders confirms Freeman’s continued success in attracting new online buyers.
“Not only am I thrilled by the competitive bidding and strong prices achieved throughout our Art + Design sale, but I’m also highly encouraged by the robust presence of new collectors attracted to the sale by its diversity of material and approachable price points,” remarked Head of Sale Shannon Jeffers, “As the art market continues to shift towards a predominantly virtual format, Freeman’s continues to create new and exciting opportunities for first-time, online buyers to join our community of art lovers. We are harnessing the momentum generated by this first Art + Design auction by offering similar sales this fall, including another Art + Design auction as well as a dedicated, online Prints and Multiples auction.”
Last Friday’s auction was led by a Rare Four-door “Chan” Cabinet, New York, circa 1970s by Philip and Kelvin LaVerne (Lot 15), which surpassed its pre-sale high estimate to sell for $43,750.